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 ratio | 82.8x |
| Cash | JP¥16.62b |
| Equity | JP¥18.57b |
| Total liabilities | JP¥23.57b |
| Total assets | JP¥42.14b |
Recent financial health updates
No updates
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).