NEC Balance Sheet Health
Financial Health criteria checks 6/6
NEC has a total shareholder equity of ¥2,089.5B and total debt of ¥382.9B, which brings its debt-to-equity ratio to 18.3%. Its total assets and total liabilities are ¥4,227.5B and ¥2,138.0B respectively. NEC's EBIT is ¥188.0B making its interest coverage ratio 58.2. It has cash and short-term investments of ¥492.2B.
Key information
18.3%
Debt to equity ratio
JP¥382.94b
Debt
Interest coverage ratio | 58.2x |
Cash | JP¥492.22b |
Equity | JP¥2.09t |
Total liabilities | JP¥2.14t |
Total assets | JP¥4.23t |
Recent financial health updates
Recent updates
Are Investors Undervaluing NEC Corporation (TSE:6701) By 39%?
Jul 11Here's Why NEC (TSE:6701) Can Manage Its Debt Responsibly
Jun 20Getting In Cheap On NEC Corporation (TSE:6701) Is Unlikely
May 21The Return Trends At NEC (TSE:6701) Look Promising
Apr 25Is NEC Corporation (TSE:6701) Trading At A 30% Discount?
Apr 09Financial Position Analysis
Short Term Liabilities: 6701's short term assets (¥2,141.8B) exceed its short term liabilities (¥1,469.4B).
Long Term Liabilities: 6701's short term assets (¥2,141.8B) exceed its long term liabilities (¥668.6B).
Debt to Equity History and Analysis
Debt Level: 6701 has more cash than its total debt.
Reducing Debt: 6701's debt to equity ratio has reduced from 51.6% to 18.3% over the past 5 years.
Debt Coverage: 6701's debt is well covered by operating cash flow (70.8%).
Interest Coverage: 6701's interest payments on its debt are well covered by EBIT (58.2x coverage).