Nitto Denko Balance Sheet Health
Financial Health criteria checks 6/6
Nitto Denko has a total shareholder equity of ¥1,022.6B and total debt of ¥338.0M, which brings its debt-to-equity ratio to 0.03%. Its total assets and total liabilities are ¥1,304.3B and ¥281.8B respectively. Nitto Denko's EBIT is ¥164.0B making its interest coverage ratio -111.3. It has cash and short-term investments of ¥315.8B.
Key information
0.03%
Debt to equity ratio
JP¥338.00m
Debt
| Interest coverage ratio | -111.3x |
| Cash | JP¥315.78b |
| Equity | JP¥1.02t |
| Total liabilities | JP¥281.78b |
| Total assets | JP¥1.30t |
Recent financial health updates
These 4 Measures Indicate That Nitto Denko (TSE:6988) Is Using Debt Safely
Aug 23
Is Nitto Denko (TSE:6988) Using Too Much Debt?
Apr 21Recent updates
Nitto 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 (¥738.7B) exceed its short term liabilities (¥222.3B).
Long Term Liabilities: 6988's short term assets (¥738.7B) exceed its long term liabilities (¥59.5B).
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 0.07% to 0.03% over the past 5 years.
Debt Coverage: 6988's debt is well covered by operating cash flow (51926.3%).
Interest Coverage: 6988 earns more interest than it pays, so coverage of interest payments is not a concern.