Nichia Steel Works Balance Sheet Health
Financial Health criteria checks 6/6
Nichia Steel Works has a total shareholder equity of ¥55.3B and total debt of ¥4.4B, which brings its debt-to-equity ratio to 8%. Its total assets and total liabilities are ¥73.6B and ¥18.3B respectively. Nichia Steel Works's EBIT is ¥1.3B making its interest coverage ratio -2.9. It has cash and short-term investments of ¥12.7B.
Key information
8.0%
Debt to equity ratio
JP¥4.44b
Debt
Interest coverage ratio | -2.9x |
Cash | JP¥12.66b |
Equity | JP¥55.34b |
Total liabilities | JP¥18.27b |
Total assets | JP¥73.61b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 5658's short term assets (¥36.3B) exceed its short term liabilities (¥11.3B).
Long Term Liabilities: 5658's short term assets (¥36.3B) exceed its long term liabilities (¥7.0B).
Debt to Equity History and Analysis
Debt Level: 5658 has more cash than its total debt.
Reducing Debt: 5658's debt to equity ratio has reduced from 19% to 8% over the past 5 years.
Debt Coverage: 5658's debt is well covered by operating cash flow (67.7%).
Interest Coverage: 5658 earns more interest than it pays, so coverage of interest payments is not a concern.