Nippon Light Metal Holdings Company Balance Sheet Health
Financial Health criteria checks 5/6
Nippon Light Metal Holdings Company has a total shareholder equity of ¥238.1B and total debt of ¥156.1B, which brings its debt-to-equity ratio to 65.6%. Its total assets and total liabilities are ¥543.2B and ¥305.1B respectively. Nippon Light Metal Holdings Company's EBIT is ¥18.2B making its interest coverage ratio 22.1. It has cash and short-term investments of ¥35.2B.
Key information
65.6%
Debt to equity ratio
JP¥156.09b
Debt
Interest coverage ratio | 22.1x |
Cash | JP¥35.21b |
Equity | JP¥238.10b |
Total liabilities | JP¥305.10b |
Total assets | JP¥543.19b |
Financial Position Analysis
Short Term Liabilities: 5703's short term assets (¥302.0B) exceed its short term liabilities (¥218.0B).
Long Term Liabilities: 5703's short term assets (¥302.0B) exceed its long term liabilities (¥87.1B).
Debt to Equity History and Analysis
Debt Level: 5703's net debt to equity ratio (50.8%) is considered high.
Reducing Debt: 5703's debt to equity ratio has reduced from 68.8% to 65.6% over the past 5 years.
Debt Coverage: 5703's debt is well covered by operating cash flow (24.4%).
Interest Coverage: 5703's interest payments on its debt are well covered by EBIT (22.1x coverage).