Nippon Concrete Industries Balance Sheet Health
Financial Health criteria checks 5/6
Nippon Concrete Industries has a total shareholder equity of ¥39.4B and total debt of ¥13.5B, which brings its debt-to-equity ratio to 34.3%. Its total assets and total liabilities are ¥79.8B and ¥40.4B respectively. Nippon Concrete Industries's EBIT is ¥1.4B making its interest coverage ratio -10.2. It has cash and short-term investments of ¥9.7B.
Key information
34.3%
Debt to equity ratio
JP¥13.54b
Debt
Interest coverage ratio | -10.2x |
Cash | JP¥9.69b |
Equity | JP¥39.43b |
Total liabilities | JP¥40.37b |
Total assets | JP¥79.80b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 5269's short term assets (¥35.7B) exceed its short term liabilities (¥25.7B).
Long Term Liabilities: 5269's short term assets (¥35.7B) exceed its long term liabilities (¥14.7B).
Debt to Equity History and Analysis
Debt Level: 5269's net debt to equity ratio (9.8%) is considered satisfactory.
Reducing Debt: 5269's debt to equity ratio has increased from 26.3% to 34.3% over the past 5 years.
Debt Coverage: 5269's debt is well covered by operating cash flow (29.3%).
Interest Coverage: 5269 earns more interest than it pays, so coverage of interest payments is not a concern.