Nippon Coke & Engineering Company Balance Sheet Health
Financial Health criteria checks 3/6
Nippon Coke & Engineering Company has a total shareholder equity of ¥56.4B and total debt of ¥45.9B, which brings its debt-to-equity ratio to 81.5%. Its total assets and total liabilities are ¥140.7B and ¥84.4B respectively. Nippon Coke & Engineering Company's EBIT is ¥4.4B making its interest coverage ratio 17. It has cash and short-term investments of ¥6.2B.
Key information
81.5%
Debt to equity ratio
JP¥45.93b
Debt
Interest coverage ratio | 17x |
Cash | JP¥6.16b |
Equity | JP¥56.36b |
Total liabilities | JP¥84.36b |
Total assets | JP¥140.71b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 3315's short term assets (¥64.4B) do not cover its short term liabilities (¥68.2B).
Long Term Liabilities: 3315's short term assets (¥64.4B) exceed its long term liabilities (¥16.2B).
Debt to Equity History and Analysis
Debt Level: 3315's net debt to equity ratio (70.6%) is considered high.
Reducing Debt: 3315's debt to equity ratio has increased from 76.8% to 81.5% over the past 5 years.
Debt Coverage: 3315's debt is well covered by operating cash flow (23.6%).
Interest Coverage: 3315's interest payments on its debt are well covered by EBIT (17x coverage).