NIPPON PARKING DEVELOPMENTLtd Balance Sheet Health
Financial Health criteria checks 5/6
NIPPON PARKING DEVELOPMENTLtd has a total shareholder equity of ¥15.0B and total debt of ¥16.4B, which brings its debt-to-equity ratio to 108.8%. Its total assets and total liabilities are ¥38.6B and ¥23.5B respectively. NIPPON PARKING DEVELOPMENTLtd's EBIT is ¥5.9B making its interest coverage ratio 97.3. It has cash and short-term investments of ¥16.5B.
Key information
108.8%
Debt to equity ratio
JP¥16.37b
Debt
Interest coverage ratio | 97.3x |
Cash | JP¥16.51b |
Equity | JP¥15.04b |
Total liabilities | JP¥23.53b |
Total assets | JP¥38.57b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 2353's short term assets (¥20.9B) exceed its short term liabilities (¥5.3B).
Long Term Liabilities: 2353's short term assets (¥20.9B) exceed its long term liabilities (¥18.2B).
Debt to Equity History and Analysis
Debt Level: 2353 has more cash than its total debt.
Reducing Debt: 2353's debt to equity ratio has increased from 65.1% to 108.8% over the past 5 years.
Debt Coverage: 2353's debt is well covered by operating cash flow (31.8%).
Interest Coverage: 2353's interest payments on its debt are well covered by EBIT (97.3x coverage).