Nippon Ski Resort DevelopmentLtd Balance Sheet Health
Financial Health criteria checks 5/6
Nippon Ski Resort DevelopmentLtd has a total shareholder equity of ¥7.1B and total debt of ¥2.8B, which brings its debt-to-equity ratio to 39.5%. Its total assets and total liabilities are ¥11.0B and ¥3.9B respectively. Nippon Ski Resort DevelopmentLtd's EBIT is ¥1.6B making its interest coverage ratio 70.6. It has cash and short-term investments of ¥3.1B.
Key information
39.5%
Debt to equity ratio
JP¥2.79b
Debt
| Interest coverage ratio | 70.6x |
| Cash | JP¥3.14b |
| Equity | JP¥7.06b |
| Total liabilities | JP¥3.93b |
| Total assets | JP¥10.99b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 6040's short term assets (¥4.0B) exceed its short term liabilities (¥1.5B).
Long Term Liabilities: 6040's short term assets (¥4.0B) exceed its long term liabilities (¥2.4B).
Debt to Equity History and Analysis
Debt Level: 6040 has more cash than its total debt.
Reducing Debt: 6040's debt to equity ratio has increased from 2% to 39.5% over the past 5 years.
Debt Coverage: 6040's debt is well covered by operating cash flow (70.6%).
Interest Coverage: 6040's interest payments on its debt are well covered by EBIT (70.6x coverage).