Nice Balance Sheet Health
Financial Health criteria checks 6/6
Nice has a total shareholder equity of ¥55.1B and total debt of ¥45.6B, which brings its debt-to-equity ratio to 82.8%. Its total assets and total liabilities are ¥161.1B and ¥106.1B respectively. Nice's EBIT is ¥3.7B making its interest coverage ratio 6.4. It has cash and short-term investments of ¥33.3B.
Key information
82.8%
Debt to equity ratio
JP¥45.61b
Debt
Interest coverage ratio | 6.4x |
Cash | JP¥33.27b |
Equity | JP¥55.06b |
Total liabilities | JP¥106.07b |
Total assets | JP¥161.14b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 8089's short term assets (¥106.0B) exceed its short term liabilities (¥73.1B).
Long Term Liabilities: 8089's short term assets (¥106.0B) exceed its long term liabilities (¥33.0B).
Debt to Equity History and Analysis
Debt Level: 8089's net debt to equity ratio (22.4%) is considered satisfactory.
Reducing Debt: 8089's debt to equity ratio has reduced from 251.6% to 82.8% over the past 5 years.
Debt Coverage: 8089's debt is well covered by operating cash flow (23.6%).
Interest Coverage: 8089's interest payments on its debt are well covered by EBIT (6.4x coverage).