Nippon Concept Balance Sheet Health
Financial Health criteria checks 6/6
Nippon Concept has a total shareholder equity of ¥18.6B and total debt of ¥2.1B, which brings its debt-to-equity ratio to 11.4%. Its total assets and total liabilities are ¥27.2B and ¥8.6B respectively. Nippon Concept's EBIT is ¥2.8B making its interest coverage ratio 918.3. It has cash and short-term investments of ¥10.9B.
Key information
11.4%
Debt to equity ratio
JP¥2.11b
Debt
Interest coverage ratio | 918.3x |
Cash | JP¥10.86b |
Equity | JP¥18.56b |
Total liabilities | JP¥8.63b |
Total assets | JP¥27.19b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9386's short term assets (¥13.7B) exceed its short term liabilities (¥3.9B).
Long Term Liabilities: 9386's short term assets (¥13.7B) exceed its long term liabilities (¥4.7B).
Debt to Equity History and Analysis
Debt Level: 9386 has more cash than its total debt.
Reducing Debt: 9386's debt to equity ratio has reduced from 38.7% to 11.4% over the past 5 years.
Debt Coverage: 9386's debt is well covered by operating cash flow (190.9%).
Interest Coverage: 9386's interest payments on its debt are well covered by EBIT (918.3x coverage).