Nisshin OilliO GroupLtd Balance Sheet Health
Financial Health criteria checks 4/6
Nisshin OilliO GroupLtd has a total shareholder equity of ¥196.7B and total debt of ¥100.8B, which brings its debt-to-equity ratio to 51.3%. Its total assets and total liabilities are ¥403.5B and ¥206.8B respectively. Nisshin OilliO GroupLtd's EBIT is ¥20.2B making its interest coverage ratio 42.4. It has cash and short-term investments of ¥19.6B.
Key information
51.3%
Debt to equity ratio
JP¥100.82b
Debt
Interest coverage ratio | 42.4x |
Cash | JP¥19.64b |
Equity | JP¥196.68b |
Total liabilities | JP¥206.81b |
Total assets | JP¥403.49b |
Recent financial health updates
No updates
Recent updates
Nisshin 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 (¥243.6B) exceed its short term liabilities (¥116.5B).
Long Term Liabilities: 2602's short term assets (¥243.6B) exceed its long term liabilities (¥90.3B).
Debt to Equity History and Analysis
Debt Level: 2602's net debt to equity ratio (41.3%) is considered high.
Reducing Debt: 2602's debt to equity ratio has increased from 32.1% to 51.3% over the past 5 years.
Debt Coverage: 2602's debt is well covered by operating cash flow (25.7%).
Interest Coverage: 2602's interest payments on its debt are well covered by EBIT (42.4x coverage).