Nissin Balance Sheet Health
Financial Health criteria checks 6/6
Nissin has a total shareholder equity of ¥90.3B and total debt of ¥30.6B, which brings its debt-to-equity ratio to 33.9%. Its total assets and total liabilities are ¥167.4B and ¥77.1B respectively. Nissin's EBIT is ¥8.5B making its interest coverage ratio -22.9. It has cash and short-term investments of ¥26.4B.
Key information
33.9%
Debt to equity ratio
JP¥30.61b
Debt
| Interest coverage ratio | -22.9x |
| Cash | JP¥26.44b |
| Equity | JP¥90.28b |
| Total liabilities | JP¥77.10b |
| Total assets | JP¥167.37b |
Recent financial health updates
No updates
Recent updates
There May Be Underlying Issues With The Quality Of Nissin's (TSE:9066) Earnings
Nov 19
Nissin (TSE:9066) Will Pay A Larger Dividend Than Last Year At ¥100.00
Sep 20Nissin (TSE:9066) Has Some Way To Go To Become A Multi-Bagger
Aug 13Nissin's (TSE:9066) Shareholders Will Receive A Bigger Dividend Than Last Year
Jul 26Nissin's (TSE:9066) Dividend Will Be Increased To ¥100.00
Jul 11Earnings Troubles May Signal Larger Issues for Nissin (TSE:9066) Shareholders
May 21Further Upside For Nissin Corporation (TSE:9066) Shares Could Introduce Price Risks After 44% Bounce
May 14Nissin (TSE:9066) Has Announced That It Will Be Increasing Its Dividend To ¥60.00
Mar 28Nissin (TSE:9066) Is Increasing Its Dividend To ¥60.00
Mar 12Financial Position Analysis
Short Term Liabilities: 9066's short term assets (¥68.1B) exceed its short term liabilities (¥44.5B).
Long Term Liabilities: 9066's short term assets (¥68.1B) exceed its long term liabilities (¥32.6B).
Debt to Equity History and Analysis
Debt Level: 9066's net debt to equity ratio (4.6%) is considered satisfactory.
Reducing Debt: 9066's debt to equity ratio has reduced from 39.6% to 33.9% over the past 5 years.
Debt Coverage: 9066's debt is well covered by operating cash flow (35.6%).
Interest Coverage: 9066 earns more interest than it pays, so coverage of interest payments is not a concern.