Nippon Carbide Industries Balance Sheet Health
Financial Health criteria checks 6/6
Nippon Carbide Industries has a total shareholder equity of ¥35.0B and total debt of ¥11.6B, which brings its debt-to-equity ratio to 33.1%. Its total assets and total liabilities are ¥64.8B and ¥29.8B respectively. Nippon Carbide Industries's EBIT is ¥657.0M making its interest coverage ratio -4.2. It has cash and short-term investments of ¥13.0B.
Key information
33.1%
Debt to equity ratio
JP¥11.57b
Debt
Interest coverage ratio | -4.2x |
Cash | JP¥12.98b |
Equity | JP¥35.00b |
Total liabilities | JP¥29.78b |
Total assets | JP¥64.79b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 4064's short term assets (¥37.3B) exceed its short term liabilities (¥19.2B).
Long Term Liabilities: 4064's short term assets (¥37.3B) exceed its long term liabilities (¥10.5B).
Debt to Equity History and Analysis
Debt Level: 4064 has more cash than its total debt.
Reducing Debt: 4064's debt to equity ratio has reduced from 74.6% to 33.1% over the past 5 years.
Debt Coverage: 4064's debt is well covered by operating cash flow (22.7%).
Interest Coverage: 4064 earns more interest than it pays, so coverage of interest payments is not a concern.