Nihon Seikan k.k Balance Sheet Health
Financial Health criteria checks 4/6
Nihon Seikan k.k has a total shareholder equity of ¥6.1B and total debt of ¥3.2B, which brings its debt-to-equity ratio to 51.7%. Its total assets and total liabilities are ¥15.1B and ¥8.9B respectively. Nihon Seikan k.k's EBIT is ¥374.0M making its interest coverage ratio -9.8. It has cash and short-term investments of ¥690.0M.
Key information
51.7%
Debt to equity ratio
JP¥3.17b
Debt
Interest coverage ratio | -9.8x |
Cash | JP¥690.00m |
Equity | JP¥6.14b |
Total liabilities | JP¥8.93b |
Total assets | JP¥15.06b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 5905's short term assets (¥7.7B) exceed its short term liabilities (¥5.7B).
Long Term Liabilities: 5905's short term assets (¥7.7B) exceed its long term liabilities (¥3.2B).
Debt to Equity History and Analysis
Debt Level: 5905's net debt to equity ratio (40.5%) is considered high.
Reducing Debt: 5905's debt to equity ratio has reduced from 64.4% to 51.7% over the past 5 years.
Debt Coverage: 5905's debt is not well covered by operating cash flow (12.7%).
Interest Coverage: 5905 earns more interest than it pays, so coverage of interest payments is not a concern.