Nippon Pigment Balance Sheet Health
Financial Health criteria checks 6/6
Nippon Pigment has a total shareholder equity of ¥16.0B and total debt of ¥5.3B, which brings its debt-to-equity ratio to 32.8%. Its total assets and total liabilities are ¥30.9B and ¥14.9B respectively. Nippon Pigment's EBIT is ¥71.0M making its interest coverage ratio -1.3. It has cash and short-term investments of ¥3.4B.
Key information
32.8%
Debt to equity ratio
JP¥5.27b
Debt
Interest coverage ratio | -1.3x |
Cash | JP¥3.40b |
Equity | JP¥16.05b |
Total liabilities | JP¥14.90b |
Total assets | JP¥30.95b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 4119's short term assets (¥16.4B) exceed its short term liabilities (¥10.7B).
Long Term Liabilities: 4119's short term assets (¥16.4B) exceed its long term liabilities (¥4.2B).
Debt to Equity History and Analysis
Debt Level: 4119's net debt to equity ratio (11.6%) is considered satisfactory.
Reducing Debt: 4119's debt to equity ratio has reduced from 51.5% to 32.8% over the past 5 years.
Debt Coverage: 4119's debt is well covered by operating cash flow (35.4%).
Interest Coverage: 4119 earns more interest than it pays, so coverage of interest payments is not a concern.