Nihon Seiko Balance Sheet Health
Financial Health criteria checks 6/6
Nihon Seiko has a total shareholder equity of ¥9.5B and total debt of ¥2.3B, which brings its debt-to-equity ratio to 24.4%. Its total assets and total liabilities are ¥14.5B and ¥5.0B respectively. Nihon Seiko's EBIT is ¥469.0M making its interest coverage ratio 39.1. It has cash and short-term investments of ¥2.5B.
Key information
24.4%
Debt to equity ratio
JP¥2.32b
Debt
Interest coverage ratio | 39.1x |
Cash | JP¥2.51b |
Equity | JP¥9.51b |
Total liabilities | JP¥5.04b |
Total assets | JP¥14.54b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 5729's short term assets (¥9.0B) exceed its short term liabilities (¥3.5B).
Long Term Liabilities: 5729's short term assets (¥9.0B) exceed its long term liabilities (¥1.6B).
Debt to Equity History and Analysis
Debt Level: 5729 has more cash than its total debt.
Reducing Debt: 5729's debt to equity ratio has reduced from 31.7% to 24.4% over the past 5 years.
Debt Coverage: 5729's debt is well covered by operating cash flow (49.1%).
Interest Coverage: 5729's interest payments on its debt are well covered by EBIT (39.1x coverage).