Nichiha Balance Sheet Health
Financial Health criteria checks 6/6
Nichiha has a total shareholder equity of ¥126.3B and total debt of ¥14.8B, which brings its debt-to-equity ratio to 11.8%. Its total assets and total liabilities are ¥175.7B and ¥49.4B respectively. Nichiha's EBIT is ¥10.2B making its interest coverage ratio -32.6. It has cash and short-term investments of ¥26.7B.
Key information
11.8%
Debt to equity ratio
JP¥14.84b
Debt
Interest coverage ratio | -32.6x |
Cash | JP¥26.70b |
Equity | JP¥126.30b |
Total liabilities | JP¥49.39b |
Total assets | JP¥175.69b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 7943's short term assets (¥86.0B) exceed its short term liabilities (¥33.0B).
Long Term Liabilities: 7943's short term assets (¥86.0B) exceed its long term liabilities (¥16.4B).
Debt to Equity History and Analysis
Debt Level: 7943 has more cash than its total debt.
Reducing Debt: 7943's debt to equity ratio has reduced from 18.5% to 11.8% over the past 5 years.
Debt Coverage: 7943's debt is well covered by operating cash flow (46.6%).
Interest Coverage: 7943 earns more interest than it pays, so coverage of interest payments is not a concern.