Nippon Ceramic Balance Sheet Health
Financial Health criteria checks 5/6
Nippon Ceramic has a total shareholder equity of ¥51.0B and total debt of ¥190.0M, which brings its debt-to-equity ratio to 0.4%. Its total assets and total liabilities are ¥56.8B and ¥5.7B respectively. Nippon Ceramic's EBIT is ¥4.7B making its interest coverage ratio -10.4. It has cash and short-term investments of ¥31.0B.
Key information
0.4%
Debt to equity ratio
JP¥190.00m
Debt
| Interest coverage ratio | -10.4x |
| Cash | JP¥30.98b |
| Equity | JP¥51.04b |
| Total liabilities | JP¥5.71b |
| Total assets | JP¥56.76b |
Recent financial health updates
Recent updates
Nippon Ceramic's (TSE:6929) Dividend Will Be ¥100.00
Nov 08
Nippon Ceramic (TSE:6929) Is Due To Pay A Dividend Of ¥100.00
Oct 15Nippon Ceramic (TSE:6929) Has Affirmed Its Dividend Of ¥100.00
Sep 24We Like Nippon Ceramic's (TSE:6929) Earnings For More Than Just Statutory Profit
Aug 09Nippon Ceramic's (TSE:6929) Dividend Will Be ¥100.00
Aug 05Financial Position Analysis
Short Term Liabilities: 6929's short term assets (¥44.3B) exceed its short term liabilities (¥4.6B).
Long Term Liabilities: 6929's short term assets (¥44.3B) exceed its long term liabilities (¥1.1B).
Debt to Equity History and Analysis
Debt Level: 6929 has more cash than its total debt.
Reducing Debt: 6929's debt to equity ratio has increased from 0.3% to 0.4% over the past 5 years.
Debt Coverage: 6929's debt is well covered by operating cash flow (3881.6%).
Interest Coverage: 6929 earns more interest than it pays, so coverage of interest payments is not a concern.