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 ¥241.5B and total debt of ¥162.6B, which brings its debt-to-equity ratio to 67.3%. Its total assets and total liabilities are ¥546.0B and ¥304.5B respectively. Nippon Light Metal Holdings Company's EBIT is ¥20.4B making its interest coverage ratio 23.9. It has cash and short-term investments of ¥34.7B.
Key information
67.3%
Debt to equity ratio
JP¥162.60b
Debt
| Interest coverage ratio | 23.9x |
| Cash | JP¥34.74b |
| Equity | JP¥241.53b |
| Total liabilities | JP¥304.48b |
| Total assets | JP¥546.01b |
Financial Position Analysis
Short Term Liabilities: 5703's short term assets (¥303.2B) exceed its short term liabilities (¥227.5B).
Long Term Liabilities: 5703's short term assets (¥303.2B) exceed its long term liabilities (¥77.0B).
Debt to Equity History and Analysis
Debt Level: 5703's net debt to equity ratio (52.9%) is considered high.
Reducing Debt: 5703's debt to equity ratio has reduced from 69.4% to 67.3% over the past 5 years.
Debt Coverage: 5703's debt is well covered by operating cash flow (23.4%).
Interest Coverage: 5703's interest payments on its debt are well covered by EBIT (23.9x coverage).