Nichiwa Sangyo Balance Sheet Health
Financial Health criteria checks 6/6
Nichiwa Sangyo has a total shareholder equity of ¥18.1B and total debt of ¥4.0B, which brings its debt-to-equity ratio to 21.9%. Its total assets and total liabilities are ¥31.9B and ¥13.7B respectively. Nichiwa Sangyo's EBIT is ¥947.0M making its interest coverage ratio 59.2. It has cash and short-term investments of ¥7.0B.
Key information
21.9%
Debt to equity ratio
JP¥3.97b
Debt
| Interest coverage ratio | 59.2x |
| Cash | JP¥7.03b |
| Equity | JP¥18.15b |
| Total liabilities | JP¥13.74b |
| Total assets | JP¥31.89b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 2055's short term assets (¥24.8B) exceed its short term liabilities (¥13.3B).
Long Term Liabilities: 2055's short term assets (¥24.8B) exceed its long term liabilities (¥456.0M).
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 24.6% to 21.9% over the past 5 years.
Debt Coverage: 2055's debt is well covered by operating cash flow (51.7%).
Interest Coverage: 2055's interest payments on its debt are well covered by EBIT (59.2x coverage).