Nichirei Balance Sheet Health
Financial Health criteria checks 6/6
Nichirei has a total shareholder equity of ¥259.3B and total debt of ¥113.7B, which brings its debt-to-equity ratio to 43.8%. Its total assets and total liabilities are ¥508.7B and ¥249.3B respectively. Nichirei's EBIT is ¥37.4B making its interest coverage ratio -106.6. It has cash and short-term investments of ¥44.4B.
Key information
43.8%
Debt to equity ratio
JP¥113.71b
Debt
Interest coverage ratio | -106.6x |
Cash | JP¥44.36b |
Equity | JP¥259.35b |
Total liabilities | JP¥249.35b |
Total assets | JP¥508.69b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 2871's short term assets (¥231.8B) exceed its short term liabilities (¥154.7B).
Long Term Liabilities: 2871's short term assets (¥231.8B) exceed its long term liabilities (¥94.7B).
Debt to Equity History and Analysis
Debt Level: 2871's net debt to equity ratio (26.7%) is considered satisfactory.
Reducing Debt: 2871's debt to equity ratio has reduced from 48.1% to 43.8% over the past 5 years.
Debt Coverage: 2871's debt is well covered by operating cash flow (47.2%).
Interest Coverage: 2871 earns more interest than it pays, so coverage of interest payments is not a concern.