Nisshin OilliO GroupLtd Balance Sheet Health
Financial Health criteria checks 5/6
Nisshin OilliO GroupLtd has a total shareholder equity of ¥192.6B and total debt of ¥96.9B, which brings its debt-to-equity ratio to 50.3%. Its total assets and total liabilities are ¥393.4B and ¥200.8B respectively. Nisshin OilliO GroupLtd's EBIT is ¥20.8B making its interest coverage ratio 44.6. It has cash and short-term investments of ¥20.4B.
Key information
50.3%
Debt to equity ratio
JP¥96.95b
Debt
Interest coverage ratio | 44.6x |
Cash | JP¥20.43b |
Equity | JP¥192.56b |
Total liabilities | JP¥200.82b |
Total assets | JP¥393.38b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2602's short term assets (¥232.8B) exceed its short term liabilities (¥110.4B).
Long Term Liabilities: 2602's short term assets (¥232.8B) exceed its long term liabilities (¥90.5B).
Debt to Equity History and Analysis
Debt Level: 2602's net debt to equity ratio (39.7%) is considered satisfactory.
Reducing Debt: 2602's debt to equity ratio has increased from 30.6% to 50.3% over the past 5 years.
Debt Coverage: 2602's debt is well covered by operating cash flow (37.9%).
Interest Coverage: 2602's interest payments on its debt are well covered by EBIT (44.6x coverage).