Nippon Pigment Balance Sheet Health
Financial Health criteria checks 6/6
Nippon Pigment has a total shareholder equity of ¥15.7B and total debt of ¥4.8B, which brings its debt-to-equity ratio to 30.7%. Its total assets and total liabilities are ¥29.6B and ¥13.9B respectively. Nippon Pigment's EBIT is ¥426.0M making its interest coverage ratio -9.9. It has cash and short-term investments of ¥3.6B.
Key information
30.7%
Debt to equity ratio
JP¥4.82b
Debt
Interest coverage ratio | -9.9x |
Cash | JP¥3.64b |
Equity | JP¥15.70b |
Total liabilities | JP¥13.93b |
Total assets | JP¥29.63b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 4119's short term assets (¥16.0B) exceed its short term liabilities (¥10.1B).
Long Term Liabilities: 4119's short term assets (¥16.0B) exceed its long term liabilities (¥3.8B).
Debt to Equity History and Analysis
Debt Level: 4119's net debt to equity ratio (7.5%) is considered satisfactory.
Reducing Debt: 4119's debt to equity ratio has reduced from 56.2% to 30.7% over the past 5 years.
Debt Coverage: 4119's debt is well covered by operating cash flow (31.6%).
Interest Coverage: 4119 earns more interest than it pays, so coverage of interest payments is not a concern.