Nikken Kogaku Balance Sheet Health
Financial Health criteria checks 6/6
Nikken Kogaku has a total shareholder equity of ¥4.4B and total debt of ¥306.0M, which brings its debt-to-equity ratio to 7%. Its total assets and total liabilities are ¥6.1B and ¥1.8B respectively. Nikken Kogaku's EBIT is ¥306.0M making its interest coverage ratio -12.2. It has cash and short-term investments of ¥2.7B.
Key information
7.0%
Debt to equity ratio
JP¥306.00m
Debt
| Interest coverage ratio | -12.2x |
| Cash | JP¥2.74b |
| Equity | JP¥4.36b |
| Total liabilities | JP¥1.79b |
| Total assets | JP¥6.14b |
Financial Position Analysis
Short Term Liabilities: 9767's short term assets (¥4.3B) exceed its short term liabilities (¥1.4B).
Long Term Liabilities: 9767's short term assets (¥4.3B) exceed its long term liabilities (¥401.0M).
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 58.3% to 7% over the past 5 years.
Debt Coverage: 9767's debt is well covered by operating cash flow (91.8%).
Interest Coverage: 9767 earns more interest than it pays, so coverage of interest payments is not a concern.