NJ Holdings Balance Sheet Health
Financial Health criteria checks 5/6
NJ Holdings has a total shareholder equity of ¥1.7B and total debt of ¥1.1B, which brings its debt-to-equity ratio to 65.9%. Its total assets and total liabilities are ¥3.9B and ¥2.3B respectively. NJ Holdings's EBIT is ¥103.0M making its interest coverage ratio 5.2. It has cash and short-term investments of ¥1.7B.
Key information
65.9%
Debt to equity ratio
JP¥1.10b
Debt
| Interest coverage ratio | 5.2x |
| Cash | JP¥1.69b |
| Equity | JP¥1.67b |
| Total liabilities | JP¥2.27b |
| Total assets | JP¥3.94b |
Recent financial health updates
No updates
Recent updates
We Think NJ Holdings' (TSE:9421) Solid Earnings Are Understated
Oct 03
Does It Make Sense To Buy NJ Holdings Inc. (TYO:9421) For Its Yield?
Apr 06Will The ROCE Trend At NJ Holdings (TYO:9421) Continue?
Mar 10Does The Market Have A Low Tolerance For NJ Holdings Inc.'s (TYO:9421) Mixed Fundamentals?
Feb 04
Factors Income Investors Should Consider Before Adding NJ Holdings Inc. (TYO:9421) To Their Portfolio
Dec 18Here’s What’s Happening With Returns At NJ Holdings (TYO:9421)
Nov 25Financial Position Analysis
Short Term Liabilities: 9421's short term assets (¥2.9B) exceed its short term liabilities (¥1.6B).
Long Term Liabilities: 9421's short term assets (¥2.9B) exceed its long term liabilities (¥704.0M).
Debt to Equity History and Analysis
Debt Level: 9421 has more cash than its total debt.
Reducing Debt: 9421's debt to equity ratio has increased from 62.4% to 65.9% over the past 5 years.
Debt Coverage: 9421's debt is well covered by operating cash flow (60.1%).
Interest Coverage: 9421's interest payments on its debt are well covered by EBIT (5.2x coverage).