NOF Balance Sheet Health
Financial Health criteria checks 6/6
NOF has a total shareholder equity of ¥257.8B and total debt of ¥4.6B, which brings its debt-to-equity ratio to 1.8%. Its total assets and total liabilities are ¥327.5B and ¥69.7B respectively. NOF's EBIT is ¥43.6B making its interest coverage ratio -33.2. It has cash and short-term investments of ¥83.2B.
Key information
1.8%
Debt to equity ratio
JP¥4.61b
Debt
Interest coverage ratio | -33.2x |
Cash | JP¥83.22b |
Equity | JP¥257.82b |
Total liabilities | JP¥69.70b |
Total assets | JP¥327.52b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 4403's short term assets (¥198.2B) exceed its short term liabilities (¥49.6B).
Long Term Liabilities: 4403's short term assets (¥198.2B) exceed its long term liabilities (¥20.1B).
Debt to Equity History and Analysis
Debt Level: 4403 has more cash than its total debt.
Reducing Debt: 4403's debt to equity ratio has reduced from 5.2% to 1.8% over the past 5 years.
Debt Coverage: 4403's debt is well covered by operating cash flow (577.4%).
Interest Coverage: 4403 earns more interest than it pays, so coverage of interest payments is not a concern.