Nippon Avionics Balance Sheet Health
Financial Health criteria checks 5/6
Nippon Avionics has a total shareholder equity of ¥14.4B and total debt of ¥4.8B, which brings its debt-to-equity ratio to 33.3%. Its total assets and total liabilities are ¥26.8B and ¥12.4B respectively. Nippon Avionics's EBIT is ¥2.2B making its interest coverage ratio 71.9. It has cash and short-term investments of ¥3.0B.
Key information
33.3%
Debt to equity ratio
JP¥4.79b
Debt
| Interest coverage ratio | 71.9x |
| Cash | JP¥3.03b |
| Equity | JP¥14.38b |
| Total liabilities | JP¥12.39b |
| Total assets | JP¥26.77b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 6946's short term assets (¥19.3B) exceed its short term liabilities (¥8.0B).
Long Term Liabilities: 6946's short term assets (¥19.3B) exceed its long term liabilities (¥4.4B).
Debt to Equity History and Analysis
Debt Level: 6946's net debt to equity ratio (12.3%) is considered satisfactory.
Reducing Debt: 6946's debt to equity ratio has reduced from 60.9% to 33.3% over the past 5 years.
Debt Coverage: 6946's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 6946's interest payments on its debt are well covered by EBIT (71.9x coverage).