Nissin Foods HoldingsLtd Balance Sheet Health
Financial Health criteria checks 6/6
Nissin Foods HoldingsLtd has a total shareholder equity of ¥535.0B and total debt of ¥34.9B, which brings its debt-to-equity ratio to 6.5%. Its total assets and total liabilities are ¥812.4B and ¥277.4B respectively. Nissin Foods HoldingsLtd's EBIT is ¥60.3B making its interest coverage ratio -17. It has cash and short-term investments of ¥96.7B.
Key information
6.5%
Debt to equity ratio
JP¥34.85b
Debt
Interest coverage ratio | -17x |
Cash | JP¥96.66b |
Equity | JP¥535.01b |
Total liabilities | JP¥277.37b |
Total assets | JP¥812.38b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 2897's short term assets (¥304.8B) exceed its short term liabilities (¥213.5B).
Long Term Liabilities: 2897's short term assets (¥304.8B) exceed its long term liabilities (¥63.9B).
Debt to Equity History and Analysis
Debt Level: 2897 has more cash than its total debt.
Reducing Debt: 2897's debt to equity ratio has reduced from 12% to 6.5% over the past 5 years.
Debt Coverage: 2897's debt is well covered by operating cash flow (270.1%).
Interest Coverage: 2897 earns more interest than it pays, so coverage of interest payments is not a concern.