Nitta Gelatin Balance Sheet Health
Financial Health criteria checks 6/6
Nitta Gelatin has a total shareholder equity of ¥23.5B and total debt of ¥8.6B, which brings its debt-to-equity ratio to 36.4%. Its total assets and total liabilities are ¥41.2B and ¥17.7B respectively. Nitta Gelatin's EBIT is ¥2.4B making its interest coverage ratio 36.6. It has cash and short-term investments of ¥4.9B.
Key information
36.4%
Debt to equity ratio
JP¥8.55b
Debt
| Interest coverage ratio | 36.6x |
| Cash | JP¥4.86b |
| Equity | JP¥23.52b |
| Total liabilities | JP¥17.70b |
| Total assets | JP¥41.22b |
Recent financial health updates
No updates
Recent updates
Nitta Gelatin's (TSE:4977) Dividend Will Be Increased To ¥9.00
Aug 30
Nitta Gelatin's (TSE:4977) Shareholders Will Receive A Bigger Dividend Than Last Year
Aug 16Nitta Gelatin Inc.'s (TSE:4977) Price Is Out Of Tune With Revenues
Aug 05Nitta Gelatin's (TSE:4977) Dividend Will Be ¥8.00
Mar 11Nitta Gelatin (TSE:4977) Has Announced A Dividend Of ¥8.00
Feb 26Financial Position Analysis
Short Term Liabilities: 4977's short term assets (¥25.8B) exceed its short term liabilities (¥11.4B).
Long Term Liabilities: 4977's short term assets (¥25.8B) exceed its long term liabilities (¥6.3B).
Debt to Equity History and Analysis
Debt Level: 4977's net debt to equity ratio (15.7%) is considered satisfactory.
Reducing Debt: 4977's debt to equity ratio has reduced from 49.6% to 36.4% over the past 5 years.
Debt Coverage: 4977's debt is well covered by operating cash flow (57.4%).
Interest Coverage: 4977's interest payments on its debt are well covered by EBIT (36.6x coverage).