Nisshin OilliO GroupLtd Balance Sheet Health
Financial Health criteria checks 3/6
Nisshin OilliO GroupLtd has a total shareholder equity of ¥194.0B and total debt of ¥96.9B, which brings its debt-to-equity ratio to 49.9%. Its total assets and total liabilities are ¥387.9B and ¥193.9B respectively. Nisshin OilliO GroupLtd's EBIT is ¥19.6B making its interest coverage ratio 37.7. It has cash and short-term investments of ¥18.1B.
Key information
49.9%
Debt to equity ratio
JP¥96.90b
Debt
Interest coverage ratio | 37.7x |
Cash | JP¥18.12b |
Equity | JP¥194.01b |
Total liabilities | JP¥193.91b |
Total assets | JP¥387.92b |
Recent financial health updates
No updates
Recent updates
Nisshin OilliO GroupLtd (TSE:2602) Will Pay A Dividend Of ¥90.00
Sep 27Nisshin OilliO GroupLtd (TSE:2602) Is Due To Pay A Dividend Of ¥90.00
Aug 27Nisshin OilliO GroupLtd's (TSE:2602) Profits Appear To Have Quality Issues
Aug 16Nisshin OilliO GroupLtd (TSE:2602) Has Announced A Dividend Of ¥90.00
Aug 13Returns On Capital At Nisshin OilliO GroupLtd (TSE:2602) Have Stalled
Aug 02The Nisshin OilliO Group,Ltd.'s (TSE:2602) Intrinsic Value Is Potentially 55% Above Its Share Price
Jul 18Nisshin OilliO GroupLtd (TSE:2602) Has Announced That It Will Be Increasing Its Dividend To ¥90.00
Mar 22An Intrinsic Calculation For The Nisshin OilliO Group,Ltd. (TSE:2602) Suggests It's 44% Undervalued
Mar 14Nisshin OilliO GroupLtd (TSE:2602) Is Increasing Its Dividend To ¥90.00
Feb 27Financial Position Analysis
Short Term Liabilities: 2602's short term assets (¥228.2B) exceed its short term liabilities (¥106.5B).
Long Term Liabilities: 2602's short term assets (¥228.2B) exceed its long term liabilities (¥87.5B).
Debt to Equity History and Analysis
Debt Level: 2602's net debt to equity ratio (40.6%) is considered high.
Reducing Debt: 2602's debt to equity ratio has increased from 29.9% to 49.9% over the past 5 years.
Debt Coverage: 2602's debt is not well covered by operating cash flow (18%).
Interest Coverage: 2602's interest payments on its debt are well covered by EBIT (37.7x coverage).