Nikon Balance Sheet Health
Financial Health criteria checks 5/6
Nikon has a total shareholder equity of ¥654.8B and total debt of ¥136.0B, which brings its debt-to-equity ratio to 20.8%. Its total assets and total liabilities are ¥1,100.1B and ¥445.3B respectively. Nikon's EBIT is ¥41.6B making its interest coverage ratio -18.8. It has cash and short-term investments of ¥197.8B.
Key information
20.8%
Debt to equity ratio
JP¥136.04b
Debt
Interest coverage ratio | -18.8x |
Cash | JP¥197.84b |
Equity | JP¥654.85b |
Total liabilities | JP¥445.29b |
Total assets | JP¥1.10t |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 7731's short term assets (¥634.6B) exceed its short term liabilities (¥317.1B).
Long Term Liabilities: 7731's short term assets (¥634.6B) exceed its long term liabilities (¥128.2B).
Debt to Equity History and Analysis
Debt Level: 7731 has more cash than its total debt.
Reducing Debt: 7731's debt to equity ratio has reduced from 21.5% to 20.8% over the past 5 years.
Debt Coverage: 7731's debt is not well covered by operating cash flow (9.3%).
Interest Coverage: 7731 earns more interest than it pays, so coverage of interest payments is not a concern.