NIPPON KANZAI HoldingsLtd Balance Sheet Health
Financial Health criteria checks 6/6
NIPPON KANZAI HoldingsLtd has a total shareholder equity of ¥69.8B and total debt of ¥508.0M, which brings its debt-to-equity ratio to 0.7%. Its total assets and total liabilities are ¥93.8B and ¥23.9B respectively. NIPPON KANZAI HoldingsLtd's EBIT is ¥8.0B making its interest coverage ratio -37.2. It has cash and short-term investments of ¥31.9B.
Key information
0.7%
Debt to equity ratio
JP¥508.00m
Debt
| Interest coverage ratio | -37.2x |
| Cash | JP¥31.93b |
| Equity | JP¥69.82b |
| Total liabilities | JP¥23.94b |
| Total assets | JP¥93.76b |
Recent financial health updates
No updates
Recent updates
NIPPON KANZAI HoldingsLtd (TSE:9347) Has Announced A Dividend Of ¥27.00
Sep 18
NIPPON KANZAI HoldingsLtd (TSE:9347) Is Due To Pay A Dividend Of ¥27.00
Aug 09NIPPON KANZAI HoldingsLtd's (TSE:9347) Dividend Will Be ¥27.00
Jul 26NIPPON KANZAI HoldingsLtd (TSE:9347) Has Affirmed Its Dividend Of ¥27.00
Jul 12NIPPON KANZAI HoldingsLtd (TSE:9347) Has Announced A Dividend Of ¥27.00
Mar 21Financial Position Analysis
Short Term Liabilities: 9347's short term assets (¥57.5B) exceed its short term liabilities (¥17.9B).
Long Term Liabilities: 9347's short term assets (¥57.5B) exceed its long term liabilities (¥6.1B).
Debt to Equity History and Analysis
Debt Level: 9347 has more cash than its total debt.
Reducing Debt: 9347's debt to equity ratio has reduced from 8.9% to 0.7% over the past 5 years.
Debt Coverage: 9347's debt is well covered by operating cash flow (1145.7%).
Interest Coverage: 9347 earns more interest than it pays, so coverage of interest payments is not a concern.