NISSHIN GROUP HOLDINGS Company Balance Sheet Health
Financial Health criteria checks 4/6
NISSHIN GROUP HOLDINGS Company has a total shareholder equity of ¥66.1B and total debt of ¥38.8B, which brings its debt-to-equity ratio to 58.8%. Its total assets and total liabilities are ¥121.1B and ¥55.0B respectively. NISSHIN GROUP HOLDINGS Company's EBIT is ¥3.8B making its interest coverage ratio 9.7. It has cash and short-term investments of ¥51.5B.
Key information
58.8%
Debt to equity ratio
JP¥38.84b
Debt
| Interest coverage ratio | 9.7x |
| Cash | JP¥51.47b |
| Equity | JP¥66.07b |
| Total liabilities | JP¥54.99b |
| Total assets | JP¥121.06b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 8881's short term assets (¥104.2B) exceed its short term liabilities (¥30.6B).
Long Term Liabilities: 8881's short term assets (¥104.2B) exceed its long term liabilities (¥24.4B).
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 increased from 51.4% to 58.8% 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 (9.7x coverage).