Nagase Brothers Balance Sheet Health
Financial Health criteria checks 4/6
Nagase Brothers has a total shareholder equity of ¥28.8B and total debt of ¥35.6B, which brings its debt-to-equity ratio to 123.9%. Its total assets and total liabilities are ¥88.3B and ¥59.5B respectively. Nagase Brothers's EBIT is ¥4.5B making its interest coverage ratio 32.7. It has cash and short-term investments of ¥26.5B.
Key information
123.9%
Debt to equity ratio
JP¥35.64b
Debt
Interest coverage ratio | 32.7x |
Cash | JP¥26.47b |
Equity | JP¥28.77b |
Total liabilities | JP¥59.52b |
Total assets | JP¥88.29b |
Recent financial health updates
Recent updates
Here's What's Concerning About Nagase Brothers' (TYO:9733) Returns On Capital
Apr 04How Did Nagase Brothers Inc.'s (TYO:9733) 12% ROE Fare Against The Industry?
Mar 16Nagase Brothers (TYO:9733) Takes On Some Risk With Its Use Of Debt
Feb 11Does Nagase Brothers's (TYO:9733) Statutory Profit Adequately Reflect Its Underlying Profit?
Dec 23Financial Position Analysis
Short Term Liabilities: 9733's short term assets (¥32.6B) exceed its short term liabilities (¥26.0B).
Long Term Liabilities: 9733's short term assets (¥32.6B) do not cover its long term liabilities (¥33.6B).
Debt to Equity History and Analysis
Debt Level: 9733's net debt to equity ratio (31.9%) is considered satisfactory.
Reducing Debt: 9733's debt to equity ratio has reduced from 174.8% to 123.9% over the past 5 years.
Debt Coverage: 9733's debt is not well covered by operating cash flow (11.4%).
Interest Coverage: 9733's interest payments on its debt are well covered by EBIT (32.7x coverage).