Nippon Felt Balance Sheet Health
Financial Health criteria checks 6/6
Nippon Felt has a total shareholder equity of ¥20.2B and total debt of ¥800.0M, which brings its debt-to-equity ratio to 4%. Its total assets and total liabilities are ¥24.7B and ¥4.5B respectively. Nippon Felt's EBIT is ¥454.0M making its interest coverage ratio -2.1. It has cash and short-term investments of ¥4.0B.
Key information
4.0%
Debt to equity ratio
JP¥800.00m
Debt
| Interest coverage ratio | -2.1x |
| Cash | JP¥3.96b |
| Equity | JP¥20.18b |
| Total liabilities | JP¥4.49b |
| Total assets | JP¥24.68b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3512's short term assets (¥11.7B) exceed its short term liabilities (¥2.5B).
Long Term Liabilities: 3512's short term assets (¥11.7B) exceed its long term liabilities (¥2.0B).
Debt to Equity History and Analysis
Debt Level: 3512 has more cash than its total debt.
Reducing Debt: 3512's debt to equity ratio has reduced from 4.9% to 4% over the past 5 years.
Debt Coverage: 3512's debt is well covered by operating cash flow (163.9%).
Interest Coverage: 3512 earns more interest than it pays, so coverage of interest payments is not a concern.