Nichicon Balance Sheet Health
Financial Health criteria checks 5/6
Nichicon has a total shareholder equity of ¥109.3B and total debt of ¥36.6B, which brings its debt-to-equity ratio to 33.5%. Its total assets and total liabilities are ¥207.1B and ¥97.9B respectively. Nichicon's EBIT is ¥10.5B making its interest coverage ratio -11.9. It has cash and short-term investments of ¥30.5B.
Key information
33.5%
Debt to equity ratio
JP¥36.60b
Debt
Interest coverage ratio | -11.9x |
Cash | JP¥30.47b |
Equity | JP¥109.28b |
Total liabilities | JP¥97.87b |
Total assets | JP¥207.14b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6996's short term assets (¥123.0B) exceed its short term liabilities (¥81.4B).
Long Term Liabilities: 6996's short term assets (¥123.0B) exceed its long term liabilities (¥16.5B).
Debt to Equity History and Analysis
Debt Level: 6996's net debt to equity ratio (5.6%) is considered satisfactory.
Reducing Debt: 6996's debt to equity ratio has increased from 19.5% to 33.5% over the past 5 years.
Debt Coverage: 6996's debt is well covered by operating cash flow (52.1%).
Interest Coverage: 6996 earns more interest than it pays, so coverage of interest payments is not a concern.