NittoBest Balance Sheet Health
Financial Health criteria checks 6/6
NittoBest has a total shareholder equity of ¥16.0B and total debt of ¥8.3B, which brings its debt-to-equity ratio to 52%. Its total assets and total liabilities are ¥40.8B and ¥24.8B respectively. NittoBest's EBIT is ¥392.0M making its interest coverage ratio 5. It has cash and short-term investments of ¥4.0B.
Key information
52.0%
Debt to equity ratio
JP¥8.32b
Debt
| Interest coverage ratio | 5x |
| Cash | JP¥3.98b |
| Equity | JP¥15.99b |
| Total liabilities | JP¥24.79b |
| Total assets | JP¥40.79b |
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's (TSE:2877) Anemic Earnings Might Be Worse Than You Think
Nov 19NittoBest (TSE:2877) Is Due To Pay A Dividend Of ¥12.00
Nov 14NittoBest's (TSE:2877) Solid Profits Have Weak Fundamentals
May 21NittoBest (TSE:2877) Will Pay A Dividend Of ¥12.00
Mar 02NittoBest (TYO:2877) May Have Issues Allocating Its Capital
May 06NittoBest Corporation's (TYO:2877) Attractive Combination: Does It Earn A Place In Your Dividend Portfolio?
Apr 15NittoBest (TYO:2877) Has A Somewhat Strained Balance Sheet
Mar 11What Type Of Returns Would NittoBest's(TYO:2877) Shareholders Have Earned If They Purchased Their SharesThree Years Ago?
Feb 16Returns On Capital - An Important Metric For NittoBest (TYO:2877)
Jan 26Here's Why NittoBest's (TYO:2877) Statutory Earnings Are Arguably Too Conservative
Jan 05How Does NittoBest Corporation (TYO:2877) Fare As A Dividend Stock?
Dec 15NittoBest (TYO:2877) Seems To Be Using A Lot Of Debt
Nov 24Financial Position Analysis
Short Term Liabilities: 2877's short term assets (¥21.7B) exceed its short term liabilities (¥18.2B).
Long Term Liabilities: 2877's short term assets (¥21.7B) exceed its long term liabilities (¥6.6B).
Debt to Equity History and Analysis
Debt Level: 2877's net debt to equity ratio (27.2%) is considered satisfactory.
Reducing Debt: 2877's debt to equity ratio has reduced from 69.8% to 52% over the past 5 years.
Debt Coverage: 2877's debt is well covered by operating cash flow (22.1%).
Interest Coverage: 2877's interest payments on its debt are well covered by EBIT (5x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/25 01:26 |
| End of Day Share Price | 2024/12/25 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
NittoBest Corporation is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
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