Nichiwa Sangyo Balance Sheet Health
Financial Health criteria checks 6/6
Nichiwa Sangyo has a total shareholder equity of ¥18.2B and total debt of ¥4.0B, which brings its debt-to-equity ratio to 21.9%. Its total assets and total liabilities are ¥32.6B and ¥14.5B respectively. Nichiwa Sangyo's EBIT is ¥906.0M making its interest coverage ratio 50.3. 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 | 50.3x |
Cash | JP¥7.04b |
Equity | JP¥18.16b |
Total liabilities | JP¥14.47b |
Total assets | JP¥32.63b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 2055's short term assets (¥25.6B) exceed its short term liabilities (¥14.0B).
Long Term Liabilities: 2055's short term assets (¥25.6B) exceed its long term liabilities (¥469.0M).
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 24.5% 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 (50.3x coverage).