Nippon Air conditioning Services Balance Sheet Health
Financial Health criteria checks 6/6
Nippon Air conditioning Services has a total shareholder equity of ¥22.8B and total debt of ¥2.1B, which brings its debt-to-equity ratio to 9.2%. Its total assets and total liabilities are ¥38.9B and ¥16.1B respectively. Nippon Air conditioning Services's EBIT is ¥3.7B making its interest coverage ratio -30.7. It has cash and short-term investments of ¥7.2B.
Key information
9.2%
Debt to equity ratio
JP¥2.09b
Debt
| Interest coverage ratio | -30.7x |
| Cash | JP¥7.25b |
| Equity | JP¥22.79b |
| Total liabilities | JP¥16.07b |
| Total assets | JP¥38.86b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 4658's short term assets (¥23.6B) exceed its short term liabilities (¥11.8B).
Long Term Liabilities: 4658's short term assets (¥23.6B) exceed its long term liabilities (¥4.3B).
Debt to Equity History and Analysis
Debt Level: 4658 has more cash than its total debt.
Reducing Debt: 4658's debt to equity ratio has reduced from 11.7% to 9.2% over the past 5 years.
Debt Coverage: 4658's debt is well covered by operating cash flow (136.8%).
Interest Coverage: 4658 earns more interest than it pays, so coverage of interest payments is not a concern.