New Japan Chemical Balance Sheet Health
Financial Health criteria checks 5/6
New Japan Chemical has a total shareholder equity of ¥18.2B and total debt of ¥8.2B, which brings its debt-to-equity ratio to 45.3%. Its total assets and total liabilities are ¥39.8B and ¥21.6B respectively.
Key information
45.3%
Debt to equity ratio
JP¥8.24b
Debt
Interest coverage ratio | n/a |
Cash | JP¥3.77b |
Equity | JP¥18.18b |
Total liabilities | JP¥21.60b |
Total assets | JP¥39.79b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 4406's short term assets (¥19.0B) exceed its short term liabilities (¥12.3B).
Long Term Liabilities: 4406's short term assets (¥19.0B) exceed its long term liabilities (¥9.3B).
Debt to Equity History and Analysis
Debt Level: 4406's net debt to equity ratio (24.6%) is considered satisfactory.
Reducing Debt: 4406's debt to equity ratio has reduced from 58.5% to 45.3% over the past 5 years.
Debt Coverage: 4406's debt is well covered by operating cash flow (27%).
Interest Coverage: Insufficient data to determine if 4406's interest payments on its debt are well covered by EBIT.