Nikken Kogaku Balance Sheet Health
Financial Health criteria checks 6/6
Nikken Kogaku has a total shareholder equity of ¥4.3B and total debt of ¥438.0M, which brings its debt-to-equity ratio to 10.3%. Its total assets and total liabilities are ¥6.8B and ¥2.5B respectively. Nikken Kogaku's EBIT is ¥360.0M making its interest coverage ratio -15. It has cash and short-term investments of ¥2.6B.
Key information
10.3%
Debt to equity ratio
JP¥438.00m
Debt
Interest coverage ratio | -15x |
Cash | JP¥2.63b |
Equity | JP¥4.25b |
Total liabilities | JP¥2.51b |
Total assets | JP¥6.77b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9767's short term assets (¥4.9B) exceed its short term liabilities (¥1.9B).
Long Term Liabilities: 9767's short term assets (¥4.9B) exceed its long term liabilities (¥583.0M).
Debt to Equity History and Analysis
Debt Level: 9767 has more cash than its total debt.
Reducing Debt: 9767's debt to equity ratio has reduced from 113% to 10.3% over the past 5 years.
Debt Coverage: 9767's debt is well covered by operating cash flow (150%).
Interest Coverage: 9767 earns more interest than it pays, so coverage of interest payments is not a concern.