Nippon Ski Resort DevelopmentLtd Balance Sheet Health
Financial Health criteria checks 5/6
Nippon Ski Resort DevelopmentLtd has a total shareholder equity of ¥6.4B and total debt of ¥3.2B, which brings its debt-to-equity ratio to 49.6%. Its total assets and total liabilities are ¥11.1B and ¥4.8B respectively. Nippon Ski Resort DevelopmentLtd's EBIT is ¥1.3B making its interest coverage ratio 120.5. It has cash and short-term investments of ¥2.5B.
Key information
49.6%
Debt to equity ratio
JP¥3.15b
Debt
Interest coverage ratio | 120.5x |
Cash | JP¥2.48b |
Equity | JP¥6.35b |
Total liabilities | JP¥4.78b |
Total assets | JP¥11.13b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 6040's short term assets (¥4.5B) exceed its short term liabilities (¥2.2B).
Long Term Liabilities: 6040's short term assets (¥4.5B) exceed its long term liabilities (¥2.6B).
Debt to Equity History and Analysis
Debt Level: 6040's net debt to equity ratio (10.6%) is considered satisfactory.
Reducing Debt: 6040's debt to equity ratio has increased from 13.5% to 49.6% over the past 5 years.
Debt Coverage: 6040's debt is well covered by operating cash flow (47.6%).
Interest Coverage: 6040's interest payments on its debt are well covered by EBIT (120.5x coverage).