NIHON CHOUZAILtd Balance Sheet Health
Financial Health criteria checks 5/6
NIHON CHOUZAILtd has a total shareholder equity of ¥59.5B and total debt of ¥52.3B, which brings its debt-to-equity ratio to 87.9%. Its total assets and total liabilities are ¥194.4B and ¥134.9B respectively. NIHON CHOUZAILtd's EBIT is ¥8.3B making its interest coverage ratio 25.3. It has cash and short-term investments of ¥16.9B.
Key information
87.9%
Debt to equity ratio
JP¥52.29b
Debt
Interest coverage ratio | 25.3x |
Cash | JP¥16.93b |
Equity | JP¥59.51b |
Total liabilities | JP¥134.85b |
Total assets | JP¥194.37b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 3341's short term assets (¥88.3B) exceed its short term liabilities (¥82.9B).
Long Term Liabilities: 3341's short term assets (¥88.3B) exceed its long term liabilities (¥52.0B).
Debt to Equity History and Analysis
Debt Level: 3341's net debt to equity ratio (59.4%) is considered high.
Reducing Debt: 3341's debt to equity ratio has reduced from 199.1% to 87.9% over the past 5 years.
Debt Coverage: 3341's debt is well covered by operating cash flow (35.2%).
Interest Coverage: 3341's interest payments on its debt are well covered by EBIT (25.3x coverage).