Nippon Shokubai Balance Sheet Health
Financial Health criteria checks 6/6
Nippon Shokubai has a total shareholder equity of ¥380.5B and total debt of ¥39.6B, which brings its debt-to-equity ratio to 10.4%. Its total assets and total liabilities are ¥529.3B and ¥148.8B respectively. Nippon Shokubai's EBIT is ¥12.8B making its interest coverage ratio -13.3. It has cash and short-term investments of ¥61.7B.
Key information
10.4%
Debt to equity ratio
JP¥39.61b
Debt
Interest coverage ratio | -13.3x |
Cash | JP¥61.74b |
Equity | JP¥380.47b |
Total liabilities | JP¥148.78b |
Total assets | JP¥529.25b |
Financial Position Analysis
Short Term Liabilities: 4114's short term assets (¥247.9B) exceed its short term liabilities (¥98.6B).
Long Term Liabilities: 4114's short term assets (¥247.9B) exceed its long term liabilities (¥50.2B).
Debt to Equity History and Analysis
Debt Level: 4114 has more cash than its total debt.
Reducing Debt: 4114's debt to equity ratio has reduced from 17.3% to 10.4% over the past 5 years.
Debt Coverage: 4114's debt is well covered by operating cash flow (137.1%).
Interest Coverage: 4114 earns more interest than it pays, so coverage of interest payments is not a concern.