Nippon Information Development Balance Sheet Health
Financial Health criteria checks 6/6
Nippon Information Development has a total shareholder equity of ¥19.8B and total debt of ¥360.0M, which brings its debt-to-equity ratio to 1.8%. Its total assets and total liabilities are ¥26.5B and ¥6.6B respectively. Nippon Information Development's EBIT is ¥2.9B making its interest coverage ratio -8.8. It has cash and short-term investments of ¥15.2B.
Key information
1.8%
Debt to equity ratio
JP¥360.00m
Debt
Interest coverage ratio | -8.8x |
Cash | JP¥15.21b |
Equity | JP¥19.83b |
Total liabilities | JP¥6.65b |
Total assets | JP¥26.48b |
Recent financial health updates
No updates
Recent updates
It's A Story Of Risk Vs Reward With Nippon Information Development Co., Ltd. (TSE:2349)
Apr 16Slowing Rates Of Return At Nippon Information Development (TYO:2349) Leave Little Room For Excitement
Apr 30You Have To Love Nippon Information Development Co., Ltd.'s (TYO:2349) Dividend
Mar 14Should Nippon Information Development (TYO:2349) Be Disappointed With Their 68% Profit?
Feb 18Nippon Information Development Co., Ltd.'s (TYO:2349) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?
Jan 29Should You Be Impressed By Nippon Information Development's (TYO:2349) Returns on Capital?
Jan 14What Is The Ownership Structure Like For Nippon Information Development Co., Ltd. (TYO:2349)?
Dec 28Does Nippon Information Development Co., Ltd. (TYO:2349) Have A Place In Your Dividend Portfolio?
Dec 13We Think Nippon Information Development's (TYO:2349) Statutory Profit Might Understate Its Earnings Potential
Nov 28Financial Position Analysis
Short Term Liabilities: 2349's short term assets (¥19.1B) exceed its short term liabilities (¥3.4B).
Long Term Liabilities: 2349's short term assets (¥19.1B) exceed its long term liabilities (¥3.2B).
Debt to Equity History and Analysis
Debt Level: 2349 has more cash than its total debt.
Reducing Debt: 2349's debt to equity ratio has reduced from 2.8% to 1.8% over the past 5 years.
Debt Coverage: 2349's debt is well covered by operating cash flow (512.8%).
Interest Coverage: 2349 earns more interest than it pays, so coverage of interest payments is not a concern.