NISSHIN GROUP HOLDINGS Company Balance Sheet Health
Financial Health criteria checks 5/6
NISSHIN GROUP HOLDINGS Company has a total shareholder equity of ¥67.5B and total debt of ¥35.0B, which brings its debt-to-equity ratio to 51.8%. Its total assets and total liabilities are ¥122.1B and ¥54.6B respectively. NISSHIN GROUP HOLDINGS Company's EBIT is ¥3.6B making its interest coverage ratio 9.4. It has cash and short-term investments of ¥57.9B.
Key information
51.8%
Debt to equity ratio
JP¥34.95b
Debt
Interest coverage ratio | 9.4x |
Cash | JP¥57.92b |
Equity | JP¥67.49b |
Total liabilities | JP¥54.57b |
Total assets | JP¥122.05b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 8881's short term assets (¥105.2B) exceed its short term liabilities (¥29.1B).
Long Term Liabilities: 8881's short term assets (¥105.2B) exceed its long term liabilities (¥25.4B).
Debt to Equity History and Analysis
Debt Level: 8881 has more cash than its total debt.
Reducing Debt: 8881's debt to equity ratio has reduced from 52.2% to 51.8% over the past 5 years.
Debt Coverage: 8881's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 8881's interest payments on its debt are well covered by EBIT (9.4x coverage).