Nippon Care Supply Balance Sheet Health
Financial Health criteria checks 4/6
Nippon Care Supply has a total shareholder equity of ¥16.1B and total debt of ¥1.7B, which brings its debt-to-equity ratio to 10.3%. Its total assets and total liabilities are ¥24.6B and ¥8.5B respectively. Nippon Care Supply's EBIT is ¥2.1B making its interest coverage ratio 1036.5. It has cash and short-term investments of ¥635.0M.
Key information
10.3%
Debt to equity ratio
JP¥1.66b
Debt
Interest coverage ratio | 1036.5x |
Cash | JP¥635.00m |
Equity | JP¥16.06b |
Total liabilities | JP¥8.51b |
Total assets | JP¥24.57b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2393's short term assets (¥5.5B) do not cover its short term liabilities (¥7.1B).
Long Term Liabilities: 2393's short term assets (¥5.5B) exceed its long term liabilities (¥1.4B).
Debt to Equity History and Analysis
Debt Level: 2393's net debt to equity ratio (6.4%) is considered satisfactory.
Reducing Debt: 2393's debt to equity ratio has reduced from 12% to 10.3% over the past 5 years.
Debt Coverage: 2393's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 2393's interest payments on its debt are well covered by EBIT (1036.5x coverage).