Nippon Ceramic Balance Sheet Health
Financial Health criteria checks 6/6
Nippon Ceramic has a total shareholder equity of ¥52.6B and total debt of ¥76.0M, which brings its debt-to-equity ratio to 0.1%. Its total assets and total liabilities are ¥57.9B and ¥5.3B respectively. Nippon Ceramic's EBIT is ¥4.6B making its interest coverage ratio -9.9. It has cash and short-term investments of ¥32.3B.
Key information
0.1%
Debt to equity ratio
JP¥76.00m
Debt
Interest coverage ratio | -9.9x |
Cash | JP¥32.27b |
Equity | JP¥52.63b |
Total liabilities | JP¥5.29b |
Total assets | JP¥57.92b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6929's short term assets (¥45.9B) exceed its short term liabilities (¥4.3B).
Long Term Liabilities: 6929's short term assets (¥45.9B) exceed its long term liabilities (¥976.0M).
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 reduced from 0.5% to 0.1% over the past 5 years.
Debt Coverage: 6929's debt is well covered by operating cash flow (6831.6%).
Interest Coverage: 6929 earns more interest than it pays, so coverage of interest payments is not a concern.