Nippon Felt Balance Sheet Health
Financial Health criteria checks 6/6
Nippon Felt has a total shareholder equity of ¥19.0B and total debt of ¥800.0M, which brings its debt-to-equity ratio to 4.2%. Its total assets and total liabilities are ¥23.7B and ¥4.6B respectively. Nippon Felt's EBIT is ¥593.0M making its interest coverage ratio -3.2. It has cash and short-term investments of ¥3.7B.
Key information
4.2%
Debt to equity ratio
JP¥800.00m
Debt
Interest coverage ratio | -3.2x |
Cash | JP¥3.74b |
Equity | JP¥19.02b |
Total liabilities | JP¥4.64b |
Total assets | JP¥23.66b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3512's short term assets (¥12.1B) exceed its short term liabilities (¥2.5B).
Long Term Liabilities: 3512's short term assets (¥12.1B) exceed its long term liabilities (¥2.2B).
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 4.8% to 4.2% over the past 5 years.
Debt Coverage: 3512's debt is well covered by operating cash flow (81.5%).
Interest Coverage: 3512 earns more interest than it pays, so coverage of interest payments is not a concern.