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 ¥60.8B making its interest coverage ratio -18.3. It has cash and short-term investments of ¥115.4B.
Key information
6.5%
Debt to equity ratio
JP¥34.85b
Debt
Interest coverage ratio | -18.3x |
Cash | JP¥115.41b |
Equity | JP¥535.01b |
Total liabilities | JP¥277.37b |
Total assets | JP¥812.38b |
Recent financial health updates
Is Nissin Foods HoldingsLtd (TSE:2897) A Risky Investment?
Jul 29Nissin Foods HoldingsLtd (TSE:2897) Could Easily Take On More Debt
Apr 07Recent updates
Is Nissin Foods HoldingsLtd (TSE:2897) A Risky Investment?
Jul 29Here's Why We Think Nissin Foods HoldingsLtd (TSE:2897) Might Deserve Your Attention Today
Jul 11Is Nissin Foods Holdings Co.,Ltd. (TSE:2897) Trading At A 26% Discount?
May 05Nissin Foods Holdings Co.,Ltd.'s (TSE:2897) Share Price Could Signal Some Risk
Apr 21Nissin Foods HoldingsLtd (TSE:2897) Could Easily Take On More Debt
Apr 07Financial 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.