Nichicon Balance Sheet Health
Financial Health criteria checks 5/6
Nichicon has a total shareholder equity of ¥113.8B and total debt of ¥34.8B, which brings its debt-to-equity ratio to 30.5%. Its total assets and total liabilities are ¥206.9B and ¥93.1B respectively. Nichicon's EBIT is ¥8.5B making its interest coverage ratio -9.6. It has cash and short-term investments of ¥29.5B.
Key information
30.5%
Debt to equity ratio
JP¥34.77b
Debt
Interest coverage ratio | -9.6x |
Cash | JP¥29.49b |
Equity | JP¥113.84b |
Total liabilities | JP¥93.10b |
Total assets | JP¥206.94b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 6996's short term assets (¥118.5B) exceed its short term liabilities (¥75.2B).
Long Term Liabilities: 6996's short term assets (¥118.5B) exceed its long term liabilities (¥17.9B).
Debt to Equity History and Analysis
Debt Level: 6996's net debt to equity ratio (4.6%) is considered satisfactory.
Reducing Debt: 6996's debt to equity ratio has increased from 19.4% to 30.5% over the past 5 years.
Debt Coverage: 6996's debt is well covered by operating cash flow (54.9%).
Interest Coverage: 6996 earns more interest than it pays, so coverage of interest payments is not a concern.