NIPPON PARKING DEVELOPMENT Co.,Ltd.

TSE:2353 Stock Report

Market Cap: JP¥71.2b

NIPPON PARKING DEVELOPMENTLtd Balance Sheet Health

Financial Health criteria checks 5/6

NIPPON PARKING DEVELOPMENTLtd has a total shareholder equity of ¥18.6B and total debt of ¥15.9B, which brings its debt-to-equity ratio to 85.4%. Its total assets and total liabilities are ¥42.1B and ¥23.6B respectively. NIPPON PARKING DEVELOPMENTLtd's EBIT is ¥6.5B making its interest coverage ratio 82.8. It has cash and short-term investments of ¥16.6B.

Key information

85.4%

Debt to equity ratio

JP¥15.86b

Debt

Interest coverage ratio82.8x
CashJP¥16.62b
EquityJP¥18.57b
Total liabilitiesJP¥23.57b
Total assetsJP¥42.14b

Recent financial health updates

No updates

Recent updates

Investors Shouldn't Be Too Comfortable With NIPPON PARKING DEVELOPMENTLtd's (TSE:2353) Earnings

Sep 14
Investors Shouldn't Be Too Comfortable With NIPPON PARKING DEVELOPMENTLtd's (TSE:2353) Earnings

We Think You Should Be Aware Of Some Concerning Factors In NIPPON PARKING DEVELOPMENTLtd's (TSE:2353) Earnings

Mar 15
We Think You Should Be Aware Of Some Concerning Factors In NIPPON PARKING DEVELOPMENTLtd's (TSE:2353) Earnings

Financial Position Analysis

Short Term Liabilities: 2353's short term assets (¥21.0B) exceed its short term liabilities (¥8.0B).

Long Term Liabilities: 2353's short term assets (¥21.0B) exceed its long term liabilities (¥15.5B).


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 52.9% to 85.4% over the past 5 years.

Debt Coverage: 2353's debt is well covered by operating cash flow (39.1%).

Interest Coverage: 2353's interest payments on its debt are well covered by EBIT (82.8x coverage).


Balance Sheet


Discover healthy companies