Nichicon Balance Sheet Health
Financial Health criteria checks 5/6
Nichicon has a total shareholder equity of ¥115.7B and total debt of ¥32.5B, which brings its debt-to-equity ratio to 28.1%. Its total assets and total liabilities are ¥200.6B and ¥85.0B respectively. Nichicon's EBIT is ¥4.6B making its interest coverage ratio -4.5. It has cash and short-term investments of ¥28.7B.
Key information
28.1%
Debt to equity ratio
JP¥32.50b
Debt
| Interest coverage ratio | -4.5x |
| Cash | JP¥28.67b |
| Equity | JP¥115.65b |
| Total liabilities | JP¥84.99b |
| Total assets | JP¥200.64b |
Recent financial health updates
Recent updates
Weak Statutory Earnings May Not Tell The Whole Story For Nichicon (TSE:6996)
Nov 13
Nichicon Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
Nov 10Return Trends At Nichicon (TSE:6996) Aren't Appealing
Nov 07Nichicon Corporation Just Beat EPS By 15%: Here's What Analysts Think Will Happen Next
Aug 09Lacklustre Performance Is Driving Nichicon Corporation's (TSE:6996) 25% Price Drop
Aug 05Nichicon Corporation Just Missed Earnings - But Analysts Have Updated Their Models
May 13Financial Position Analysis
Short Term Liabilities: 6996's short term assets (¥113.6B) exceed its short term liabilities (¥69.5B).
Long Term Liabilities: 6996's short term assets (¥113.6B) exceed its long term liabilities (¥15.5B).
Debt to Equity History and Analysis
Debt Level: 6996's net debt to equity ratio (3.3%) is considered satisfactory.
Reducing Debt: 6996's debt to equity ratio has increased from 19.5% to 28.1% over the past 5 years.
Debt Coverage: 6996's debt is well covered by operating cash flow (41.8%).
Interest Coverage: 6996 earns more interest than it pays, so coverage of interest payments is not a concern.