Nissin ShojiLtd Balance Sheet Health
Financial Health criteria checks 5/6
Nissin ShojiLtd has a total shareholder equity of ¥21.9B and total debt of ¥10.0B, which brings its debt-to-equity ratio to 45.8%. Its total assets and total liabilities are ¥38.3B and ¥16.4B respectively. Nissin ShojiLtd's EBIT is ¥507.0M making its interest coverage ratio -4.9. It has cash and short-term investments of ¥4.1B.
Key information
45.8%
Debt to equity ratio
JP¥10.03b
Debt
Interest coverage ratio | -4.9x |
Cash | JP¥4.09b |
Equity | JP¥21.91b |
Total liabilities | JP¥16.37b |
Total assets | JP¥38.28b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 7490's short term assets (¥15.2B) exceed its short term liabilities (¥7.5B).
Long Term Liabilities: 7490's short term assets (¥15.2B) exceed its long term liabilities (¥8.9B).
Debt to Equity History and Analysis
Debt Level: 7490's net debt to equity ratio (27.1%) is considered satisfactory.
Reducing Debt: 7490's debt to equity ratio has reduced from 50.8% to 45.8% over the past 5 years.
Debt Coverage: 7490's debt is not well covered by operating cash flow (2.1%).
Interest Coverage: 7490 earns more interest than it pays, so coverage of interest payments is not a concern.