NittoBest Balance Sheet Health

Financial Health criteria checks 6/6

NittoBest has a total shareholder equity of ¥16.2B and total debt of ¥11.3B, which brings its debt-to-equity ratio to 69.7%. Its total assets and total liabilities are ¥42.6B and ¥26.4B respectively. NittoBest's EBIT is ¥505.0M making its interest coverage ratio 5.5. It has cash and short-term investments of ¥5.7B.

Key information

69.7%

Debt to equity ratio

JP¥11.29b

Debt

Interest coverage ratio	5.5x
Cash	JP¥5.71b
Equity	JP¥16.19b
Total liabilities	JP¥26.42b
Total assets	JP¥42.61b

Recent financial health updates

NittoBest (TYO:2877) Has A Somewhat Strained Balance Sheet

Mar 11

NittoBest (TYO:2877) Seems To Be Using A Lot Of Debt

Nov 24

Recent updates

NittoBest Corporation's (TYO:2877) Attractive Combination: Does It Earn A Place In Your Dividend Portfolio?

Apr 15

NittoBest (TYO:2877) Has A Somewhat Strained Balance Sheet

Mar 11

What Type Of Returns Would NittoBest's(TYO:2877) Shareholders Have Earned If They Purchased Their SharesThree Years Ago?

Feb 16

Returns On Capital - An Important Metric For NittoBest (TYO:2877)

Jan 26

Here's Why NittoBest's (TYO:2877) Statutory Earnings Are Arguably Too Conservative

Jan 05

How Does NittoBest Corporation (TYO:2877) Fare As A Dividend Stock?

Dec 15

NittoBest (TYO:2877) Seems To Be Using A Lot Of Debt

Nov 24

Financial Position Analysis

Short Term Liabilities: 2877's short term assets (¥23.6B) exceed its short term liabilities (¥19.9B).

Long Term Liabilities: 2877's short term assets (¥23.6B) exceed its long term liabilities (¥6.5B).

Debt to Equity History and Analysis

Debt Level: 2877's net debt to equity ratio (34.5%) is considered satisfactory.

Reducing Debt: 2877's debt to equity ratio has reduced from 84.6% to 69.7% over the past 5 years.

Debt Coverage: 2877's debt is well covered by operating cash flow (31.9%).

Interest Coverage: 2877's interest payments on its debt are well covered by EBIT (5.5x coverage).

NittoBest Balance Sheet Health

Financial Health criteria checks 6/6

Key information

Recent financial health updates

NittoBest (TYO:2877) Has A Somewhat Strained Balance Sheet

NittoBest (TYO:2877) Seems To Be Using A Lot Of Debt

Recent updates

NittoBest's (TSE:2877) Solid Profits Have Weak Fundamentals

Full year 2024 earnings released: EPS: JP¥33.97 (vs JP¥20.09 in FY 2023)

NittoBest Corporation, Annual General Meeting, Jun 25, 2024

Upcoming dividend of JP¥12.00 per share

NittoBest (TSE:2877) Will Pay A Dividend Of ¥12.00

NittoBest Corporation to Report Fiscal Year 2024 Results on May 09, 2024

Third quarter 2024 earnings released: EPS: JP¥23.14 (vs JP¥39.02 in 3Q 2023)

NittoBest Corporation to Report Q3, 2024 Results on Feb 14, 2024

Second quarter 2024 earnings released: JP¥0.58 loss per share (vs JP¥16.78 loss in 2Q 2023)

NittoBest Corporation to Report Q2, 2024 Results on Nov 10, 2023

First quarter 2024 earnings released: EPS: JP¥7.52 (vs JP¥2.98 loss in 1Q 2023)

NittoBest Corporation to Report Q1, 2024 Results on Aug 10, 2023

Full year 2023 earnings released: EPS: JP¥20.09 (vs JP¥50.17 in FY 2022)

NittoBest Corporation, Annual General Meeting, Jun 23, 2023

Upcoming dividend of JP¥12.00 per share at 1.5% yield

Third quarter 2023 earnings released: EPS: JP¥39.02 (vs JP¥28.02 in 3Q 2022)

NittoBest Corporation to Report Q3, 2023 Results on Feb 10, 2023

Second quarter 2023 earnings released: JP¥16.78 loss per share (vs JP¥0.91 profit in 2Q 2022)

NittoBest Corporation to Report Q2, 2023 Results on Nov 11, 2022

First quarter 2023 earnings released: JP¥2.98 loss per share (vs JP¥14.55 profit in 1Q 2022)

NittoBest Corporation to Report Q1, 2023 Results on Aug 10, 2022

Full year 2022 earnings released: EPS: JP¥50.17 (vs JP¥57.86 in FY 2021)

NittoBest Corporation, Annual General Meeting, Jun 24, 2022

NittoBest Corporation to Report Fiscal Year 2022 Results on May 12, 2022

Upcoming dividend of JP¥12.00 per share

Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations

Second quarter 2022 earnings released: EPS JP¥0.91 (vs JP¥4.79 in 2Q 2021)

First quarter 2022 earnings released: EPS JP¥14.55 (vs JP¥1.90 in 1Q 2021)

Full year 2021 earnings released: EPS JP¥57.86 (vs JP¥37.36 in FY 2020)

NittoBest (TYO:2877) May Have Issues Allocating Its Capital

NittoBest Corporation's (TYO:2877) Attractive Combination: Does It Earn A Place In Your Dividend Portfolio?

Upcoming dividend of JP¥12.00 per share

NittoBest (TYO:2877) Has A Somewhat Strained Balance Sheet

What Type Of Returns Would NittoBest's(TYO:2877) Shareholders Have Earned If They Purchased Their SharesThree Years Ago?

Third quarter 2021 earnings released: EPS JP¥38.27 (vs JP¥4.38 loss in 3Q 2020)

Returns On Capital - An Important Metric For NittoBest (TYO:2877)

New 90-day low: JP¥803

Here's Why NittoBest's (TYO:2877) Statutory Earnings Are Arguably Too Conservative

New 90-day low: JP¥816

NittoBest Corporation to Report Q3, 2021 Results on Feb 10, 2021

How Does NittoBest Corporation (TYO:2877) Fare As A Dividend Stock?

New 90-day low: JP¥821

NittoBest (TYO:2877) Seems To Be Using A Lot Of Debt

Second quarter 2021 earnings released: EPS JP¥4.79

New 90-day low: JP¥832

New 90-day low: JP¥835

NittoBest Corporation to Report Q2, 2021 Results on Nov 11, 2020

New 90-day low - JP¥848

First quarter earnings released

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

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