Nippon Shokubai Balance Sheet Health
Financial Health criteria checks 6/6
Nippon Shokubai has a total shareholder equity of ¥392.6B and total debt of ¥39.0B, which brings its debt-to-equity ratio to 9.9%. Its total assets and total liabilities are ¥544.1B and ¥151.5B respectively. Nippon Shokubai's EBIT is ¥16.6B making its interest coverage ratio -119.2. It has cash and short-term investments of ¥55.1B.
Key information
9.9%
Debt to equity ratio
JP¥39.02b
Debt
Interest coverage ratio | -119.2x |
Cash | JP¥55.13b |
Equity | JP¥392.56b |
Total liabilities | JP¥151.50b |
Total assets | JP¥544.06b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 4114's short term assets (¥259.7B) exceed its short term liabilities (¥101.2B).
Long Term Liabilities: 4114's short term assets (¥259.7B) exceed its long term liabilities (¥50.3B).
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 16.9% to 9.9% over the past 5 years.
Debt Coverage: 4114's debt is well covered by operating cash flow (148.3%).
Interest Coverage: 4114 earns more interest than it pays, so coverage of interest payments is not a concern.