Nichiban Balance Sheet Health
Financial Health criteria checks 6/6
Nichiban has a total shareholder equity of ¥41.7B and total debt of ¥2.6B, which brings its debt-to-equity ratio to 6.3%. Its total assets and total liabilities are ¥68.0B and ¥26.3B respectively. Nichiban's EBIT is ¥2.1B making its interest coverage ratio 518.3. It has cash and short-term investments of ¥13.4B.
Key information
6.3%
Debt to equity ratio
JP¥2.63b
Debt
Interest coverage ratio | 518.3x |
Cash | JP¥13.41b |
Equity | JP¥41.70b |
Total liabilities | JP¥26.34b |
Total assets | JP¥68.04b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 4218's short term assets (¥38.6B) exceed its short term liabilities (¥16.9B).
Long Term Liabilities: 4218's short term assets (¥38.6B) exceed its long term liabilities (¥9.5B).
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 7% to 6.3% over the past 5 years.
Debt Coverage: 4218's debt is well covered by operating cash flow (121.1%).
Interest Coverage: 4218's interest payments on its debt are well covered by EBIT (518.3x coverage).