NOF Corporation

TSE:4403 Stock Report

Market Cap: JP¥551.5b

NOF Balance Sheet Health

Financial Health criteria checks 6/6

NOF has a total shareholder equity of ¥277.8B and total debt of ¥4.3B, which brings its debt-to-equity ratio to 1.6%. Its total assets and total liabilities are ¥353.0B and ¥75.2B respectively. NOF's EBIT is ¥45.3B making its interest coverage ratio -30.7. It has cash and short-term investments of ¥94.9B.

Key information

1.6%

Debt to equity ratio

JP¥4.34b

Debt

Interest coverage ratio-30.7x
CashJP¥94.94b
EquityJP¥277.77b
Total liabilitiesJP¥75.24b
Total assetsJP¥353.01b

Recent financial health updates

These 4 Measures Indicate That NOF (TSE:4403) Is Using Debt Reasonably Well

Oct 24
These 4 Measures Indicate That NOF (TSE:4403) Is Using Debt Reasonably Well

NOF (TSE:4403) Seems To Use Debt Rather Sparingly

Apr 11
NOF (TSE:4403) Seems To Use Debt Rather Sparingly

Recent updates

NOF Corporation (TSE:4403) Shares Could Be 44% Below Their Intrinsic Value Estimate

Nov 08
NOF Corporation (TSE:4403) Shares Could Be 44% Below Their Intrinsic Value Estimate

These 4 Measures Indicate That NOF (TSE:4403) Is Using Debt Reasonably Well

Oct 24
These 4 Measures Indicate That NOF (TSE:4403) Is Using Debt Reasonably Well

Earnings Not Telling The Story For NOF Corporation (TSE:4403) After Shares Rise 28%

Sep 04
Earnings Not Telling The Story For NOF Corporation (TSE:4403) After Shares Rise 28%

Returns At NOF (TSE:4403) Appear To Be Weighed Down

Aug 27
Returns At NOF (TSE:4403) Appear To Be Weighed Down

Risks To Shareholder Returns Are Elevated At These Prices For NOF Corporation (TSE:4403)

Jul 05
Risks To Shareholder Returns Are Elevated At These Prices For NOF Corporation (TSE:4403)

Is NOF Corporation (TSE:4403) Trading At A 39% Discount?

Jun 20
Is NOF Corporation (TSE:4403) Trading At A 39% Discount?

NOF (TSE:4403) Seems To Use Debt Rather Sparingly

Apr 11
NOF (TSE:4403) Seems To Use Debt Rather Sparingly

NOF (TSE:4403) Has Announced A Dividend Of ¥56.00

Mar 26
NOF (TSE:4403) Has Announced A Dividend Of ¥56.00

NOF (TSE:4403) Is Due To Pay A Dividend Of ¥56.00

Mar 11
NOF (TSE:4403) Is Due To Pay A Dividend Of ¥56.00

NOF (TSE:4403) Is Due To Pay A Dividend Of ¥56.00

Feb 26
NOF (TSE:4403) Is Due To Pay A Dividend Of ¥56.00

Financial Position Analysis

Short Term Liabilities: 4403's short term assets (¥212.3B) exceed its short term liabilities (¥54.9B).

Long Term Liabilities: 4403's short term assets (¥212.3B) exceed its long term liabilities (¥20.3B).

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% to 1.6% over the past 5 years.

Debt Coverage: 4403's debt is well covered by operating cash flow (690.9%).

Interest Coverage: 4403 earns more interest than it pays, so coverage of interest payments is not a concern.

Balance Sheet

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