Nichiban Balance Sheet Health
Financial Health criteria checks 6/6
Nichiban has a total shareholder equity of ¥41.8B and total debt of ¥2.0B, which brings its debt-to-equity ratio to 4.8%. Its total assets and total liabilities are ¥66.9B and ¥25.0B respectively. Nichiban's EBIT is ¥2.7B making its interest coverage ratio -906.3. It has cash and short-term investments of ¥14.0B.
Key information
4.8%
Debt to equity ratio
JP¥2.00b
Debt
| Interest coverage ratio | -906.3x |
| Cash | JP¥14.02b |
| Equity | JP¥41.85b |
| Total liabilities | JP¥25.03b |
| Total assets | JP¥66.88b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 4218's short term assets (¥38.3B) exceed its short term liabilities (¥15.7B).
Long Term Liabilities: 4218's short term assets (¥38.3B) exceed its long term liabilities (¥9.4B).
Debt to Equity History and Analysis
Debt Level: 4218 has more cash than its total debt.
Reducing Debt: 4218's debt to equity ratio has reduced from 5.5% to 4.8% over the past 5 years.
Debt Coverage: 4218's debt is well covered by operating cash flow (212.9%).
Interest Coverage: 4218 earns more interest than it pays, so coverage of interest payments is not a concern.