Nissin ShojiLtd Balance Sheet Health
Financial Health criteria checks 5/6
Nissin ShojiLtd has a total shareholder equity of ¥21.2B and total debt of ¥10.4B, which brings its debt-to-equity ratio to 49.1%. Its total assets and total liabilities are ¥37.8B and ¥16.7B respectively. Nissin ShojiLtd's EBIT is ¥597.0M making its interest coverage ratio -6.6. It has cash and short-term investments of ¥4.6B.
Key information
49.1%
Debt to equity ratio
JP¥10.40b
Debt
Interest coverage ratio | -6.6x |
Cash | JP¥4.56b |
Equity | JP¥21.18b |
Total liabilities | JP¥16.66b |
Total assets | JP¥37.85b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 7490's short term assets (¥15.8B) exceed its short term liabilities (¥6.9B).
Long Term Liabilities: 7490's short term assets (¥15.8B) exceed its long term liabilities (¥9.8B).
Debt to Equity History and Analysis
Debt Level: 7490's net debt to equity ratio (27.6%) is considered satisfactory.
Reducing Debt: 7490's debt to equity ratio has reduced from 54.6% to 49.1% over the past 5 years.
Debt Coverage: 7490's debt is not well covered by operating cash flow (9.2%).
Interest Coverage: 7490 earns more interest than it pays, so coverage of interest payments is not a concern.