Nankai Electric Railway Balance Sheet Health
Financial Health criteria checks 2/6
Nankai Electric Railway has a total shareholder equity of ¥307.1B and total debt of ¥431.0B, which brings its debt-to-equity ratio to 140.3%. Its total assets and total liabilities are ¥950.7B and ¥643.6B respectively. Nankai Electric Railway's EBIT is ¥30.8B making its interest coverage ratio 14.8. It has cash and short-term investments of ¥43.3B.
Key information
140.3%
Debt to equity ratio
JP¥430.98b
Debt
Interest coverage ratio | 14.8x |
Cash | JP¥43.29b |
Equity | JP¥307.10b |
Total liabilities | JP¥643.55b |
Total assets | JP¥950.65b |
Financial Position Analysis
Short Term Liabilities: 9044's short term assets (¥105.4B) do not cover its short term liabilities (¥182.0B).
Long Term Liabilities: 9044's short term assets (¥105.4B) do not cover its long term liabilities (¥461.5B).
Debt to Equity History and Analysis
Debt Level: 9044's net debt to equity ratio (126.2%) is considered high.
Reducing Debt: 9044's debt to equity ratio has reduced from 198.2% to 140.3% over the past 5 years.
Debt Coverage: 9044's debt is not well covered by operating cash flow (10.3%).
Interest Coverage: 9044's interest payments on its debt are well covered by EBIT (14.8x coverage).