Nittetsu Mining Balance Sheet Health
Financial Health criteria checks 6/6
Nittetsu Mining has a total shareholder equity of ¥147.4B and total debt of ¥20.1B, which brings its debt-to-equity ratio to 13.6%. Its total assets and total liabilities are ¥222.0B and ¥74.5B respectively. Nittetsu Mining's EBIT is ¥10.7B making its interest coverage ratio -10.3. It has cash and short-term investments of ¥33.7B.
Key information
13.6%
Debt to equity ratio
JP¥20.07b
Debt
Interest coverage ratio | -10.3x |
Cash | JP¥33.68b |
Equity | JP¥147.45b |
Total liabilities | JP¥74.51b |
Total assets | JP¥221.95b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 1515's short term assets (¥101.9B) exceed its short term liabilities (¥50.7B).
Long Term Liabilities: 1515's short term assets (¥101.9B) exceed its long term liabilities (¥23.8B).
Debt to Equity History and Analysis
Debt Level: 1515 has more cash than its total debt.
Reducing Debt: 1515's debt to equity ratio has reduced from 19.7% to 13.6% over the past 5 years.
Debt Coverage: 1515's debt is well covered by operating cash flow (59.7%).
Interest Coverage: 1515 earns more interest than it pays, so coverage of interest payments is not a concern.