Nitto Denko Balance Sheet Health
Financial Health criteria checks 6/6
Nitto Denko has a total shareholder equity of ¥1,009.3B and total debt of ¥396.0M, which brings its debt-to-equity ratio to 0.04%. Its total assets and total liabilities are ¥1,292.7B and ¥283.4B respectively. Nitto Denko's EBIT is ¥180.5B making its interest coverage ratio -147.3. It has cash and short-term investments of ¥340.3B.
Key information
0.04%
Debt to equity ratio
JP¥396.00m
Debt
| Interest coverage ratio | -147.3x |
| Cash | JP¥340.30b |
| Equity | JP¥1.01t |
| Total liabilities | JP¥283.42b |
| Total assets | JP¥1.29t |
Recent financial health updates
These 4 Measures Indicate That Nitto Denko (TSE:6988) Is Using Debt Safely
Dec 16
These 4 Measures Indicate That Nitto Denko (TSE:6988) Is Using Debt Safely
Aug 23Is Nitto Denko (TSE:6988) Using Too Much Debt?
Apr 21Recent updates
These 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 30Nitto Denko (TSE:6988) Is Experiencing Growth In Returns On Capital
Nov 15Results: Nitto Denko Corporation Beat Earnings Expectations And Analysts Now Have New Forecasts
Oct 30Estimating The Intrinsic Value Of Nitto Denko Corporation (TSE:6988)
Oct 10Nitto Denko (TSE:6988) Is Paying Out A Larger Dividend Than Last Year
Sep 21Nitto Denko (TSE:6988) Will Pay A Larger Dividend Than Last Year At ¥140.00
Sep 07Nitto Denko's (TSE:6988) Dividend Will Be Increased To ¥140.00
Aug 24These 4 Measures Indicate That Nitto Denko (TSE:6988) Is Using Debt Safely
Aug 23Nitto Denko's (TSE:6988) Upcoming Dividend Will Be Larger Than Last Year's
Aug 09Little Excitement Around Nitto Denko Corporation's (TSE:6988) Earnings As Shares Take 30% Pounding
Aug 06Nitto Denko (TSE:6988) Is Increasing Its Dividend To ¥140.00
Jul 26When Should You Buy Nitto Denko Corporation (TSE:6988)?
Jul 25Nitto Denko's (TSE:6988) Shareholders Will Receive A Bigger Dividend Than Last Year
Jul 11Nitto Denko's (TSE:6988) Returns Have Hit A Wall
Jun 22Some Shareholders Feeling Restless Over Nitto Denko Corporation's (TSE:6988) P/E Ratio
Jun 08Is Nitto Denko (TSE:6988) Using Too Much Debt?
Apr 21A Look At The Fair Value Of Nitto Denko Corporation (TSE:6988)
Apr 07Nitto Denko (TSE:6988) Will Pay A Dividend Of ¥130.00
Mar 14When Should You Buy Nitto Denko Corporation (TSE:6988)?
Mar 10Nitto Denko (TSE:6988) Is Due To Pay A Dividend Of ¥130.00
Feb 26Financial Position Analysis
Short Term Liabilities: 6988's short term assets (¥746.1B) exceed its short term liabilities (¥224.4B).
Long Term Liabilities: 6988's short term assets (¥746.1B) exceed its long term liabilities (¥59.0B).
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 reduced from 0.08% to 0.04% over the past 5 years.
Debt Coverage: 6988's debt is well covered by operating cash flow (53874%).
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 | 2024/12/31 21:07 |
| End of Day Share Price | 2024/12/30 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
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 here.
Analysis Model and Snowflake
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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 .
Analyst Sources
Nitto Denko Corporation is covered by 30 analysts. 11 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 |
|---|---|
| Warren Lau | Aletheia Analyst Network Limited |
| Mikiya Yamada | Barclays |
| Kei Rameau | BNP Paribas Securities (Asia) |