Nippon Air conditioning Services Balance Sheet Health
Financial Health criteria checks 5/6
Nippon Air conditioning Services has a total shareholder equity of ¥24.8B and total debt of ¥4.0B, which brings its debt-to-equity ratio to 16%. Its total assets and total liabilities are ¥42.3B and ¥17.4B respectively. Nippon Air conditioning Services's EBIT is ¥4.3B making its interest coverage ratio -31.6. It has cash and short-term investments of ¥8.8B.
Key information
16.0%
Debt to equity ratio
JP¥3.98b
Debt
| Interest coverage ratio | -31.6x |
| Cash | JP¥8.76b |
| Equity | JP¥24.81b |
| Total liabilities | JP¥17.45b |
| Total assets | JP¥42.25b |
Recent financial health updates
No updates
Recent updates
Additional Considerations Required While Assessing Nippon Air conditioning Services' (TSE:4658) Strong Earnings
Nov 25
Nippon Air conditioning Services (TSE:4658) Is Due To Pay A Dividend Of ¥20.00
Jul 25Nippon Air conditioning Services' (TSE:4658) Dividend Will Be ¥20.00
Jul 11Nippon Air conditioning Services' (TSE:4658) Dividend Will Be ¥15.00
Mar 04Financial Position Analysis
Short Term Liabilities: 4658's short term assets (¥24.0B) exceed its short term liabilities (¥11.0B).
Long Term Liabilities: 4658's short term assets (¥24.0B) exceed its long term liabilities (¥6.4B).
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 increased from 10.7% to 16% over the past 5 years.
Debt Coverage: 4658's debt is well covered by operating cash flow (55.5%).
Interest Coverage: 4658 earns more interest than it pays, so coverage of interest payments is not a concern.