Nitta Gelatin Balance Sheet Health
Financial Health criteria checks 6/6
Nitta Gelatin has a total shareholder equity of ¥22.3B and total debt of ¥9.2B, which brings its debt-to-equity ratio to 41.4%. Its total assets and total liabilities are ¥40.0B and ¥17.7B respectively. Nitta Gelatin's EBIT is ¥1.8B making its interest coverage ratio 19.8. It has cash and short-term investments of ¥4.1B.
Key information
41.4%
Debt to equity ratio
JP¥9.21b
Debt
| Interest coverage ratio | 19.8x |
| Cash | JP¥4.08b |
| Equity | JP¥22.27b |
| Total liabilities | JP¥17.69b |
| Total assets | JP¥39.96b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 4977's short term assets (¥25.2B) exceed its short term liabilities (¥11.1B).
Long Term Liabilities: 4977's short term assets (¥25.2B) exceed its long term liabilities (¥6.6B).
Debt to Equity History and Analysis
Debt Level: 4977's net debt to equity ratio (23.1%) is considered satisfactory.
Reducing Debt: 4977's debt to equity ratio has reduced from 51.1% to 41.4% over the past 5 years.
Debt Coverage: 4977's debt is well covered by operating cash flow (53.3%).
Interest Coverage: 4977's interest payments on its debt are well covered by EBIT (19.8x coverage).