Nitto Denko Balance Sheet Health
Financial Health criteria checks 5/6
Nitto Denko has a total shareholder equity of ¥1,049.1B and total debt of ¥515.0M, which brings its debt-to-equity ratio to 0.05%. Its total assets and total liabilities are ¥1,326.9B and ¥277.8B respectively. Nitto Denko's EBIT is ¥167.7B making its interest coverage ratio -66.6. It has cash and short-term investments of ¥303.2B.
Key information
0.049%
Debt to equity ratio
JP¥515.00m
Debt
| Interest coverage ratio | -66.6x |
| Cash | JP¥303.19b |
| Equity | JP¥1.05t |
| Total liabilities | JP¥277.77b |
| Total assets | JP¥1.33t |
Recent financial health updates
Nitto Denko (TSE:6988) Has A Rock Solid Balance Sheet
Oct 19
We Think Nitto Denko (TSE:6988) Can Manage Its Debt With Ease
Jul 09Is Nitto Denko (TSE:6988) A Risky Investment?
Mar 17These 4 Measures Indicate That Nitto Denko (TSE:6988) Is Using Debt Safely
Dec 16Recent updates
Nitto Denko Corporation Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
Oct 30Nitto Denko (TSE:6988) Has A Rock Solid Balance Sheet
Oct 19Calculating The Intrinsic Value Of Nitto Denko Corporation (TSE:6988)
Sep 09Nitto Denko Corporation Just Beat EPS By 8.0%: Here's What Analysts Think Will Happen Next
Jul 30We Think Nitto Denko (TSE:6988) Can Manage Its Debt With Ease
Jul 09Analysts Have Made A Financial Statement On Nitto Denko Corporation's (TSE:6988) Yearly Report
Jun 23There's Been No Shortage Of Growth Recently For Nitto Denko's (TSE:6988) Returns On Capital
Jun 13Nitto Denko Corporation's (TSE:6988) Intrinsic Value Is Potentially 25% Above Its Share Price
May 29Nitto Denko Corporation's (TSE:6988) Shares May Have Run Too Fast Too Soon
May 13Is Nitto Denko (TSE:6988) A Risky Investment?
Mar 17We Like These Underlying Return On Capital Trends At Nitto Denko (TSE:6988)
Mar 01Calculating The Fair Value Of Nitto Denko Corporation (TSE:6988)
Feb 14Nitto Denko Corporation Just Missed Earnings - But Analysts Have Updated Their Models
Jan 29These 4 Measures Indicate That Nitto Denko (TSE:6988) Is Using Debt Safely
Dec 16Investor Optimism Abounds Nitto Denko Corporation (TSE:6988) But Growth Is Lacking
Nov 30Financial Position Analysis
Short Term Liabilities: 6988's short term assets (¥734.1B) exceed its short term liabilities (¥221.7B).
Long Term Liabilities: 6988's short term assets (¥734.1B) exceed its long term liabilities (¥56.1B).
Debt to Equity History and Analysis
Debt Level: 6988 has more cash than its total debt.
Reducing Debt: 6988's debt to equity ratio has increased from 0.02% to 0.05% over the past 5 years.
Debt Coverage: 6988's debt is well covered by operating cash flow (36198.3%).
Interest Coverage: 6988 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/11/26 00:37 |
| End of Day Share Price | 2025/11/26 00:00 |
| Earnings | 2025/09/30 |
| Annual Earnings | 2025/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Nitto Denko Corporation is covered by 26 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| George Chang | Aletheia Analyst Network Limited |
| Warren Lau | Aletheia Analyst Network Limited |
| Mikiya Yamada | Barclays |