Nitto Denko Balance Sheet Health
Financial Health criteria checks 6/6
Nitto Denko has a total shareholder equity of ¥985.0B and total debt of ¥345.0M, which brings its debt-to-equity ratio to 0.04%. Its total assets and total liabilities are ¥1,251.1B and ¥266.0B respectively. Nitto Denko's EBIT is ¥139.1B making its interest coverage ratio 525. It has cash and short-term investments of ¥342.3B.
Key information
0.03%
Debt to equity ratio
JP¥345.00m
Debt
| Interest coverage ratio | 525x |
| Cash | JP¥342.27b |
| Equity | JP¥985.05b |
| Total liabilities | JP¥266.04b |
| Total assets | JP¥1.25t |
Recent financial health updates
Recent updates
Is Nitto Denko (TSE:6988) Using Too Much Debt?
Apr 21
A 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 (¥718.0B) exceed its short term liabilities (¥206.9B).
Long Term Liabilities: 6988's short term assets (¥718.0B) exceed its long term liabilities (¥59.2B).
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 0.06% to 0.04% over the past 5 years.
Debt Coverage: 6988's debt is well covered by operating cash flow (45078.6%).
Interest Coverage: 6988's interest payments on its debt are well covered by EBIT (525x coverage).