Nissan Chemical Balance Sheet Health
Financial Health criteria checks 5/6
Nissan Chemical has a total shareholder equity of ¥231.6B and total debt of ¥28.4B, which brings its debt-to-equity ratio to 12.2%. Its total assets and total liabilities are ¥311.4B and ¥79.8B respectively. Nissan Chemical's EBIT is ¥52.5B making its interest coverage ratio -43.5. It has cash and short-term investments of ¥30.4B.
Key information
12.2%
Debt to equity ratio
JP¥28.37b
Debt
| Interest coverage ratio | -43.5x |
| Cash | JP¥30.45b |
| Equity | JP¥231.60b |
| Total liabilities | JP¥79.79b |
| Total assets | JP¥311.39b |
Recent financial health updates
Recent updates
Nissan Chemical Corporation Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Nov 15
Capital Investment Trends At Nissan Chemical (TSE:4021) Look Strong
Nov 04Nissan Chemical (TSE:4021) Will Pay A Dividend Of ¥70.00
Aug 30We Think Nissan Chemical (TSE:4021) Can Stay On Top Of Its Debt
Aug 27Nissan Chemical's (TSE:4021) Dividend Will Be ¥70.00
Aug 09Nissan Chemical (TSE:4021) Will Pay A Dividend Of ¥70.00
Jul 26Many Would Be Envious Of Nissan Chemical's (TSE:4021) Excellent Returns On Capital
Jul 11Nissan Chemical (TSE:4021) Has Announced A Dividend Of ¥70.00
Jul 11Financial Position Analysis
Short Term Liabilities: 4021's short term assets (¥190.2B) exceed its short term liabilities (¥64.0B).
Long Term Liabilities: 4021's short term assets (¥190.2B) exceed its long term liabilities (¥15.8B).
Debt to Equity History and Analysis
Debt Level: 4021 has more cash than its total debt.
Reducing Debt: 4021's debt to equity ratio has increased from 3.4% to 12.2% over the past 5 years.
Debt Coverage: 4021's debt is well covered by operating cash flow (154.5%).
Interest Coverage: 4021 earns more interest than it pays, so coverage of interest payments is not a concern.