Nichimo Balance Sheet Health
Financial Health criteria checks 4/6
Nichimo has a total shareholder equity of ¥28.9B and total debt of ¥42.0B, which brings its debt-to-equity ratio to 145.4%. Its total assets and total liabilities are ¥90.9B and ¥62.1B respectively. Nichimo's EBIT is ¥2.0B making its interest coverage ratio 16.7. It has cash and short-term investments of ¥6.2B.
Key information
145.4%
Debt to equity ratio
JP¥41.98b
Debt
| Interest coverage ratio | 16.7x |
| Cash | JP¥6.22b |
| Equity | JP¥28.87b |
| Total liabilities | JP¥62.08b |
| Total assets | JP¥90.95b |
Financial Position Analysis
Short Term Liabilities: 8091's short term assets (¥65.7B) exceed its short term liabilities (¥45.1B).
Long Term Liabilities: 8091's short term assets (¥65.7B) exceed its long term liabilities (¥17.0B).
Debt to Equity History and Analysis
Debt Level: 8091's net debt to equity ratio (123.9%) is considered high.
Reducing Debt: 8091's debt to equity ratio has reduced from 254.7% to 145.4% over the past 5 years.
Debt Coverage: 8091's debt is not well covered by operating cash flow (1.3%).
Interest Coverage: 8091's interest payments on its debt are well covered by EBIT (16.7x coverage).