Niitaka Balance Sheet Health
Financial Health criteria checks 6/6
Niitaka has a total shareholder equity of ¥13.6B and total debt of ¥2.4B, which brings its debt-to-equity ratio to 17.4%. Its total assets and total liabilities are ¥22.7B and ¥9.1B respectively. Niitaka's EBIT is ¥1.6B making its interest coverage ratio -101. It has cash and short-term investments of ¥6.4B.
Key information
17.4%
Debt to equity ratio
JP¥2.37b
Debt
| Interest coverage ratio | -101x |
| Cash | JP¥6.43b |
| Equity | JP¥13.62b |
| Total liabilities | JP¥9.12b |
| Total assets | JP¥22.74b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 4465's short term assets (¥13.7B) exceed its short term liabilities (¥5.6B).
Long Term Liabilities: 4465's short term assets (¥13.7B) exceed its long term liabilities (¥3.5B).
Debt to Equity History and Analysis
Debt Level: 4465 has more cash than its total debt.
Reducing Debt: 4465's debt to equity ratio has reduced from 20.5% to 17.4% over the past 5 years.
Debt Coverage: 4465's debt is well covered by operating cash flow (54.9%).
Interest Coverage: 4465 earns more interest than it pays, so coverage of interest payments is not a concern.