Nihon DenkeiLtd Balance Sheet Health
Financial Health criteria checks 5/6
Nihon DenkeiLtd has a total shareholder equity of ¥27.6B and total debt of ¥16.5B, which brings its debt-to-equity ratio to 59.8%. Its total assets and total liabilities are ¥63.6B and ¥36.0B respectively. Nihon DenkeiLtd's EBIT is ¥3.9B making its interest coverage ratio 195.9. It has cash and short-term investments of ¥8.1B.
Key information
59.8%
Debt to equity ratio
JP¥16.51b
Debt
Interest coverage ratio | 195.9x |
Cash | JP¥8.11b |
Equity | JP¥27.60b |
Total liabilities | JP¥36.01b |
Total assets | JP¥63.61b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 9908's short term assets (¥54.3B) exceed its short term liabilities (¥34.4B).
Long Term Liabilities: 9908's short term assets (¥54.3B) exceed its long term liabilities (¥1.6B).
Debt to Equity History and Analysis
Debt Level: 9908's net debt to equity ratio (30.4%) is considered satisfactory.
Reducing Debt: 9908's debt to equity ratio has reduced from 86.2% to 59.8% over the past 5 years.
Debt Coverage: 9908's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 9908's interest payments on its debt are well covered by EBIT (195.9x coverage).