Nissan Chemical Balance Sheet Health
Financial Health criteria checks 5/6
Nissan Chemical has a total shareholder equity of ¥227.1B and total debt of ¥57.4B, which brings its debt-to-equity ratio to 25.3%. Its total assets and total liabilities are ¥335.8B and ¥108.7B respectively. Nissan Chemical's EBIT is ¥47.6B making its interest coverage ratio -43.9. It has cash and short-term investments of ¥33.8B.
Key information
25.3%
Debt to equity ratio
JP¥57.35b
Debt
| Interest coverage ratio | -43.9x |
| Cash | JP¥33.77b |
| Equity | JP¥227.09b |
| Total liabilities | JP¥108.71b |
| Total assets | JP¥335.80b |
Recent financial health updates
Recent updates
We Think Nissan Chemical (TSE:4021) Can Stay On Top Of Its Debt
Aug 27
Nissan 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 (¥212.2B) exceed its short term liabilities (¥92.0B).
Long Term Liabilities: 4021's short term assets (¥212.2B) exceed its long term liabilities (¥16.7B).
Debt to Equity History and Analysis
Debt Level: 4021's net debt to equity ratio (10.4%) is considered satisfactory.
Reducing Debt: 4021's debt to equity ratio has increased from 5.1% to 25.3% over the past 5 years.
Debt Coverage: 4021's debt is well covered by operating cash flow (64.1%).
Interest Coverage: 4021 earns more interest than it pays, so coverage of interest payments is not a concern.