Nichimo Balance Sheet Health
Financial Health criteria checks 4/6
Nichimo has a total shareholder equity of ¥28.8B and total debt of ¥37.2B, which brings its debt-to-equity ratio to 129.1%. Its total assets and total liabilities are ¥91.4B and ¥62.6B respectively. Nichimo's EBIT is ¥1.9B making its interest coverage ratio 15. It has cash and short-term investments of ¥8.3B.
Key information
129.1%
Debt to equity ratio
JP¥37.21b
Debt
| Interest coverage ratio | 15x |
| Cash | JP¥8.34b |
| Equity | JP¥28.83b |
| Total liabilities | JP¥62.59b |
| Total assets | JP¥91.41b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 8091's short term assets (¥66.5B) exceed its short term liabilities (¥48.7B).
Long Term Liabilities: 8091's short term assets (¥66.5B) exceed its long term liabilities (¥13.9B).
Debt to Equity History and Analysis
Debt Level: 8091's net debt to equity ratio (100.2%) is considered high.
Reducing Debt: 8091's debt to equity ratio has reduced from 256.9% to 129.1% over the past 5 years.
Debt Coverage: 8091's debt is not well covered by operating cash flow (17.8%).
Interest Coverage: 8091's interest payments on its debt are well covered by EBIT (15x coverage).