Nittoh Balance Sheet Health
Financial Health criteria checks 5/6
Nittoh has a total shareholder equity of ¥4.3B and total debt of ¥1.4B, which brings its debt-to-equity ratio to 32.5%. Its total assets and total liabilities are ¥7.6B and ¥3.3B respectively. Nittoh's EBIT is ¥413.0M making its interest coverage ratio 137.7. It has cash and short-term investments of ¥1.6B.
Key information
32.5%
Debt to equity ratio
JP¥1.39b
Debt
Interest coverage ratio | 137.7x |
Cash | JP¥1.60b |
Equity | JP¥4.28b |
Total liabilities | JP¥3.29b |
Total assets | JP¥7.58b |
Recent financial health updates
No updates
Recent updates
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Financial Position Analysis
Short Term Liabilities: 1738's short term assets (¥4.0B) exceed its short term liabilities (¥2.0B).
Long Term Liabilities: 1738's short term assets (¥4.0B) exceed its long term liabilities (¥1.3B).
Debt to Equity History and Analysis
Debt Level: 1738 has more cash than its total debt.
Reducing Debt: 1738's debt to equity ratio has increased from 15.5% to 32.5% over the past 5 years.
Debt Coverage: 1738's debt is well covered by operating cash flow (27.9%).
Interest Coverage: 1738's interest payments on its debt are well covered by EBIT (137.7x coverage).