Nisshin Seifun Group Balance Sheet Health
Financial Health criteria checks 5/6
Nisshin Seifun Group has a total shareholder equity of ¥516.4B and total debt of ¥47.1B, which brings its debt-to-equity ratio to 9.1%. Its total assets and total liabilities are ¥826.7B and ¥310.3B respectively. Nisshin Seifun Group's EBIT is ¥47.8B making its interest coverage ratio 96.4. It has cash and short-term investments of ¥109.5B.
Key information
9.1%
Debt to equity ratio
JP¥47.12b
Debt
Interest coverage ratio | 96.4x |
Cash | JP¥109.47b |
Equity | JP¥516.38b |
Total liabilities | JP¥310.32b |
Total assets | JP¥826.70b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 2002's short term assets (¥365.1B) exceed its short term liabilities (¥163.6B).
Long Term Liabilities: 2002's short term assets (¥365.1B) exceed its long term liabilities (¥146.8B).
Debt to Equity History and Analysis
Debt Level: 2002 has more cash than its total debt.
Reducing Debt: 2002's debt to equity ratio has increased from 3.9% to 9.1% over the past 5 years.
Debt Coverage: 2002's debt is well covered by operating cash flow (155.4%).
Interest Coverage: 2002's interest payments on its debt are well covered by EBIT (96.4x coverage).