Nichiwa Sangyo Balance Sheet Health
Financial Health criteria checks 6/6
Nichiwa Sangyo has a total shareholder equity of ¥18.3B and total debt of ¥4.0B, which brings its debt-to-equity ratio to 21.7%. Its total assets and total liabilities are ¥29.8B and ¥11.5B respectively. Nichiwa Sangyo's EBIT is ¥1.3B making its interest coverage ratio 83.9. It has cash and short-term investments of ¥7.7B.
Key information
21.7%
Debt to equity ratio
JP¥3.97b
Debt
| Interest coverage ratio | 83.9x |
| Cash | JP¥7.66b |
| Equity | JP¥18.26b |
| Total liabilities | JP¥11.55b |
| Total assets | JP¥29.81b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 2055's short term assets (¥22.9B) exceed its short term liabilities (¥11.2B).
Long Term Liabilities: 2055's short term assets (¥22.9B) exceed its long term liabilities (¥392.0M).
Debt to Equity History and Analysis
Debt Level: 2055 has more cash than its total debt.
Reducing Debt: 2055's debt to equity ratio has reduced from 24.4% to 21.7% over the past 5 years.
Debt Coverage: 2055's debt is well covered by operating cash flow (56.9%).
Interest Coverage: 2055's interest payments on its debt are well covered by EBIT (83.9x coverage).