Nicca ChemicalLtd Balance Sheet Health
Financial Health criteria checks 6/6
Nicca ChemicalLtd has a total shareholder equity of ¥33.5B and total debt of ¥9.8B, which brings its debt-to-equity ratio to 29.3%. Its total assets and total liabilities are ¥58.5B and ¥25.0B respectively. Nicca ChemicalLtd's EBIT is ¥2.5B making its interest coverage ratio -35. It has cash and short-term investments of ¥9.4B.
Key information
29.3%
Debt to equity ratio
JP¥9.83b
Debt
Interest coverage ratio | -35x |
Cash | JP¥9.37b |
Equity | JP¥33.54b |
Total liabilities | JP¥24.96b |
Total assets | JP¥58.50b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 4463's short term assets (¥32.7B) exceed its short term liabilities (¥16.6B).
Long Term Liabilities: 4463's short term assets (¥32.7B) exceed its long term liabilities (¥8.3B).
Debt to Equity History and Analysis
Debt Level: 4463's net debt to equity ratio (1.4%) is considered satisfactory.
Reducing Debt: 4463's debt to equity ratio has reduced from 82% to 29.3% over the past 5 years.
Debt Coverage: 4463's debt is well covered by operating cash flow (41.6%).
Interest Coverage: 4463 earns more interest than it pays, so coverage of interest payments is not a concern.