Nippon GrandeLtd Balance Sheet Health
Financial Health criteria checks 3/6
Nippon GrandeLtd has a total shareholder equity of ¥2.0B and total debt of ¥3.6B, which brings its debt-to-equity ratio to 181.1%. Its total assets and total liabilities are ¥6.7B and ¥4.7B respectively. Nippon GrandeLtd's EBIT is ¥106.0M making its interest coverage ratio 2.7. It has cash and short-term investments of ¥1.5B.
Key information
181.1%
Debt to equity ratio
JP¥3.63b
Debt
| Interest coverage ratio | 2.7x |
| Cash | JP¥1.48b |
| Equity | JP¥2.00b |
| Total liabilities | JP¥4.74b |
| Total assets | JP¥6.75b |
Recent financial health updates
Here's Why Nippon GrandeLtd (SPSE:2976) Is Weighed Down By Its Debt Load
Mar 25
Nippon GrandeLtd (SPSE:2976) Takes On Some Risk With Its Use Of Debt
Dec 25Recent updates
Does It Make Sense To Buy Nippon Grande Co.,Ltd. (SPSE:2976) For Its Yield?
Apr 29Here's Why Nippon GrandeLtd (SPSE:2976) Is Weighed Down By Its Debt Load
Mar 25Is Nippon Grande Co.,Ltd. (SPSE:2976) A Smart Choice For Dividend Investors?
Jan 29Nippon GrandeLtd (SPSE:2976) Takes On Some Risk With Its Use Of Debt
Dec 25Should You Rely On Nippon GrandeLtd's (SPSE:2976) Earnings Growth?
Nov 20Financial Position Analysis
Short Term Liabilities: 2976's short term assets (¥3.7B) exceed its short term liabilities (¥2.4B).
Long Term Liabilities: 2976's short term assets (¥3.7B) exceed its long term liabilities (¥2.3B).
Debt to Equity History and Analysis
Debt Level: 2976's net debt to equity ratio (107.1%) is considered high.
Reducing Debt: 2976's debt to equity ratio has reduced from 274.8% to 181.1% over the past 5 years.
Debt Coverage: 2976's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 2976's interest payments on its debt are not well covered by EBIT (2.7x coverage).