Nichicon Balance Sheet Health
Financial Health criteria checks 5/6
Nichicon has a total shareholder equity of ¥117.7B and total debt of ¥34.1B, which brings its debt-to-equity ratio to 29%. Its total assets and total liabilities are ¥209.6B and ¥91.9B respectively. Nichicon's EBIT is ¥6.4B making its interest coverage ratio -6.6. It has cash and short-term investments of ¥31.9B.
Key information
29.0%
Debt to equity ratio
JP¥34.14b
Debt
| Interest coverage ratio | -6.6x |
| Cash | JP¥31.89b |
| Equity | JP¥117.65b |
| Total liabilities | JP¥91.91b |
| Total assets | JP¥209.56b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 6996's short term assets (¥117.8B) exceed its short term liabilities (¥74.2B).
Long Term Liabilities: 6996's short term assets (¥117.8B) exceed its long term liabilities (¥17.7B).
Debt to Equity History and Analysis
Debt Level: 6996's net debt to equity ratio (1.9%) is considered satisfactory.
Reducing Debt: 6996's debt to equity ratio has increased from 19.4% to 29% over the past 5 years.
Debt Coverage: 6996's debt is well covered by operating cash flow (57.9%).
Interest Coverage: 6996 earns more interest than it pays, so coverage of interest payments is not a concern.