Novarese Balance Sheet Health
Financial Health criteria checks 2/6
Novarese has a total shareholder equity of ¥8.2B and total debt of ¥13.1B, which brings its debt-to-equity ratio to 160%. Its total assets and total liabilities are ¥32.3B and ¥24.1B respectively. Novarese's EBIT is ¥1.6B making its interest coverage ratio 4.9. It has cash and short-term investments of ¥1.7B.
Key information
160.0%
Debt to equity ratio
JP¥13.09b
Debt
Interest coverage ratio | 4.9x |
Cash | JP¥1.74b |
Equity | JP¥8.18b |
Total liabilities | JP¥24.12b |
Total assets | JP¥32.30b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9160's short term assets (¥2.5B) do not cover its short term liabilities (¥8.2B).
Long Term Liabilities: 9160's short term assets (¥2.5B) do not cover its long term liabilities (¥15.9B).
Debt to Equity History and Analysis
Debt Level: 9160's net debt to equity ratio (138.8%) is considered high.
Reducing Debt: 9160's debt to equity ratio has increased from 147.4% to 160% over the past 5 years.
Debt Coverage: 9160's debt is well covered by operating cash flow (22.9%).
Interest Coverage: 9160's interest payments on its debt are well covered by EBIT (4.9x coverage).