NIPPON KANZAI HoldingsLtd Balance Sheet Health
Financial Health criteria checks 6/6
NIPPON KANZAI HoldingsLtd has a total shareholder equity of ¥68.6B and total debt of ¥1.1B, which brings its debt-to-equity ratio to 1.5%. Its total assets and total liabilities are ¥89.1B and ¥20.5B respectively. NIPPON KANZAI HoldingsLtd's EBIT is ¥7.9B making its interest coverage ratio -35.2. It has cash and short-term investments of ¥28.8B.
Key information
1.5%
Debt to equity ratio
JP¥1.06b
Debt
Interest coverage ratio | -35.2x |
Cash | JP¥28.79b |
Equity | JP¥68.62b |
Total liabilities | JP¥20.52b |
Total assets | JP¥89.14b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 9347's short term assets (¥51.4B) exceed its short term liabilities (¥15.1B).
Long Term Liabilities: 9347's short term assets (¥51.4B) exceed its long term liabilities (¥5.5B).
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 10.8% to 1.5% over the past 5 years.
Debt Coverage: 9347's debt is well covered by operating cash flow (542.5%).
Interest Coverage: 9347 earns more interest than it pays, so coverage of interest payments is not a concern.