Nippon Shikizai Balance Sheet Health
Financial Health criteria checks 3/6
Nippon Shikizai has a total shareholder equity of ¥3.5B and total debt of ¥9.1B, which brings its debt-to-equity ratio to 256.9%. Its total assets and total liabilities are ¥17.1B and ¥13.6B respectively. Nippon Shikizai's EBIT is ¥442.0M making its interest coverage ratio 3.7. It has cash and short-term investments of ¥1.4B.
Key information
256.9%
Debt to equity ratio
JP¥9.06b
Debt
Interest coverage ratio | 3.7x |
Cash | JP¥1.39b |
Equity | JP¥3.53b |
Total liabilities | JP¥13.56b |
Total assets | JP¥17.09b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 4920's short term assets (¥7.1B) exceed its short term liabilities (¥6.8B).
Long Term Liabilities: 4920's short term assets (¥7.1B) exceed its long term liabilities (¥6.8B).
Debt to Equity History and Analysis
Debt Level: 4920's net debt to equity ratio (217.4%) is considered high.
Reducing Debt: 4920's debt to equity ratio has increased from 123.5% to 256.9% over the past 5 years.
Debt Coverage: 4920's debt is not well covered by operating cash flow (13.8%).
Interest Coverage: 4920's interest payments on its debt are well covered by EBIT (3.7x coverage).