PILLAR Balance Sheet Health
Financial Health criteria checks 5/6
PILLAR has a total shareholder equity of ¥69.5B and total debt of ¥15.1B, which brings its debt-to-equity ratio to 21.7%. Its total assets and total liabilities are ¥98.7B and ¥29.2B respectively. PILLAR's EBIT is ¥13.6B making its interest coverage ratio -59.2. It has cash and short-term investments of ¥21.0B.
Key information
21.7%
Debt to equity ratio
JP¥15.05b
Debt
| Interest coverage ratio | -59.2x |
| Cash | JP¥21.02b |
| Equity | JP¥69.47b |
| Total liabilities | JP¥29.21b |
| Total assets | JP¥98.69b |
Recent financial health updates
Recent updates
The Market Doesn't Like What It Sees From PILLAR Corporation's (TSE:6490) Earnings Yet As Shares Tumble 27%
Aug 06
Nippon Pillar Packing (TSE:6490) Strong Profits May Be Masking Some Underlying Issues
May 21Is Nippon Pillar Packing Co., Ltd. (TSE:6490) Trading At A 42% Discount?
May 13Nippon Pillar Packing Co., Ltd. (TSE:6490) Stock Rockets 25% As Investors Are Less Pessimistic Than Expected
Mar 08Is Now An Opportune Moment To Examine Nippon Pillar Packing Co., Ltd. (TSE:6490)?
Mar 07Financial Position Analysis
Short Term Liabilities: 6490's short term assets (¥50.0B) exceed its short term liabilities (¥14.4B).
Long Term Liabilities: 6490's short term assets (¥50.0B) exceed its long term liabilities (¥14.8B).
Debt to Equity History and Analysis
Debt Level: 6490 has more cash than its total debt.
Reducing Debt: 6490's debt to equity ratio has increased from 2.4% to 21.7% over the past 5 years.
Debt Coverage: 6490's debt is well covered by operating cash flow (37.5%).
Interest Coverage: 6490 earns more interest than it pays, so coverage of interest payments is not a concern.