Nippon Beet Sugar ManufacturingLtd Balance Sheet Health
Financial Health criteria checks 5/6
Nippon Beet Sugar ManufacturingLtd has a total shareholder equity of ¥69.9B and total debt of ¥16.7B, which brings its debt-to-equity ratio to 23.8%. Its total assets and total liabilities are ¥113.0B and ¥43.0B respectively. Nippon Beet Sugar ManufacturingLtd's EBIT is ¥1.4B making its interest coverage ratio -1.8. It has cash and short-term investments of ¥10.5B.
Key information
23.8%
Debt to equity ratio
JP¥16.67b
Debt
Interest coverage ratio | -1.8x |
Cash | JP¥10.51b |
Equity | JP¥69.94b |
Total liabilities | JP¥43.04b |
Total assets | JP¥112.98b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2108's short term assets (¥62.5B) exceed its short term liabilities (¥32.9B).
Long Term Liabilities: 2108's short term assets (¥62.5B) exceed its long term liabilities (¥10.2B).
Debt to Equity History and Analysis
Debt Level: 2108's net debt to equity ratio (8.8%) is considered satisfactory.
Reducing Debt: 2108's debt to equity ratio has increased from 19.9% to 23.8% over the past 5 years.
Debt Coverage: 2108's debt is well covered by operating cash flow (39%).
Interest Coverage: 2108 earns more interest than it pays, so coverage of interest payments is not a concern.