NittoBest Corporation

TSE:2877 Stock Report

Market Cap: JP¥9.7b

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 ratio5x
CashJP¥3.98b
EquityJP¥15.99b
Total liabilitiesJP¥24.79b
Total assetsJP¥40.79b

Recent financial health updates

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

Mar 11
NittoBest (TYO:2877) Has A Somewhat Strained Balance Sheet

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

Nov 24
NittoBest (TYO:2877) Seems To Be Using A Lot Of Debt

Recent updates

NittoBest's (TSE:2877) Anemic Earnings Might Be Worse Than You Think

Nov 19
NittoBest's (TSE:2877) Anemic Earnings Might Be Worse Than You Think

NittoBest (TSE:2877) Is Due To Pay A Dividend Of ¥12.00

Nov 14
NittoBest (TSE:2877) Is Due To Pay A Dividend Of ¥12.00

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

May 21
NittoBest's (TSE:2877) Solid Profits Have Weak Fundamentals

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

Mar 02
NittoBest (TSE:2877) Will Pay A Dividend Of ¥12.00

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

May 06
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?

Apr 15
NittoBest Corporation's (TYO:2877) Attractive Combination: Does It Earn A Place In Your Dividend Portfolio?

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

Mar 11
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?

Feb 16
What Type Of Returns Would NittoBest's(TYO:2877) Shareholders Have Earned If They Purchased Their SharesThree Years Ago?

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

Jan 26
Returns On Capital - An Important Metric For NittoBest (TYO:2877)

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

Jan 05
Here's Why NittoBest's (TYO:2877) Statutory Earnings Are Arguably Too Conservative

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

Dec 15
How Does NittoBest Corporation (TYO:2877) Fare As A Dividend Stock?

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

Nov 24
NittoBest (TYO:2877) Seems To Be Using A Lot Of Debt

Financial 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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