Nippon Gas Balance Sheet Health
Financial Health criteria checks 6/6
Nippon Gas has a total shareholder equity of ¥72.7B and total debt of ¥39.7B, which brings its debt-to-equity ratio to 54.5%. Its total assets and total liabilities are ¥159.2B and ¥86.5B respectively. Nippon Gas's EBIT is ¥17.5B making its interest coverage ratio 112.6. It has cash and short-term investments of ¥19.0B.
Key information
54.5%
Debt to equity ratio
JP¥39.67b
Debt
| Interest coverage ratio | 112.6x |
| Cash | JP¥18.99b |
| Equity | JP¥72.73b |
| Total liabilities | JP¥86.49b |
| Total assets | JP¥159.22b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 8174's short term assets (¥56.6B) exceed its short term liabilities (¥47.4B).
Long Term Liabilities: 8174's short term assets (¥56.6B) exceed its long term liabilities (¥39.1B).
Debt to Equity History and Analysis
Debt Level: 8174's net debt to equity ratio (28.4%) is considered satisfactory.
Reducing Debt: 8174's debt to equity ratio has reduced from 65.3% to 54.5% over the past 5 years.
Debt Coverage: 8174's debt is well covered by operating cash flow (59.1%).
Interest Coverage: 8174's interest payments on its debt are well covered by EBIT (112.6x coverage).