Nagoya Railroad Balance Sheet Health
Financial Health criteria checks 1/6
Nagoya Railroad has a total shareholder equity of ¥454.3B and total debt of ¥492.6B, which brings its debt-to-equity ratio to 108.4%. Its total assets and total liabilities are ¥1,281.2B and ¥827.0B respectively. Nagoya Railroad's EBIT is ¥32.0B making its interest coverage ratio 21.2. It has cash and short-term investments of ¥53.7B.
Key information
108.4%
Debt to equity ratio
JP¥492.62b
Debt
Interest coverage ratio | 21.2x |
Cash | JP¥53.70b |
Equity | JP¥454.26b |
Total liabilities | JP¥826.96b |
Total assets | JP¥1.28t |
Financial Position Analysis
Short Term Liabilities: 9048's short term assets (¥236.9B) do not cover its short term liabilities (¥328.2B).
Long Term Liabilities: 9048's short term assets (¥236.9B) do not cover its long term liabilities (¥498.7B).
Debt to Equity History and Analysis
Debt Level: 9048's net debt to equity ratio (96.6%) is considered high.
Reducing Debt: 9048's debt to equity ratio has increased from 101.4% to 108.4% over the past 5 years.
Debt Coverage: 9048's debt is not well covered by operating cash flow (11.7%).
Interest Coverage: 9048's interest payments on its debt are well covered by EBIT (21.2x coverage).