Nippon Gas Balance Sheet Health
Financial Health criteria checks 6/6
Nippon Gas has a total shareholder equity of ¥65.3B and total debt of ¥37.2B, which brings its debt-to-equity ratio to 57%. Its total assets and total liabilities are ¥142.4B and ¥77.1B respectively. Nippon Gas's EBIT is ¥15.2B making its interest coverage ratio 80.4. It has cash and short-term investments of ¥13.4B.
Key information
57.0%
Debt to equity ratio
JP¥37.21b
Debt
| Interest coverage ratio | 80.4x |
| Cash | JP¥13.41b |
| Equity | JP¥65.27b |
| Total liabilities | JP¥77.12b |
| Total assets | JP¥142.39b |
Recent financial health updates
Recent updates
Nippon Gas (TSE:8174) Is Due To Pay A Dividend Of ¥46.25
Nov 20
Investors Can Find Comfort In Nippon Gas' (TSE:8174) Earnings Quality
Nov 05Shareholders Should Be Pleased With Nippon Gas Co., Ltd.'s (TSE:8174) Price
Oct 27Returns On Capital Are Showing Encouraging Signs At Nippon Gas (TSE:8174)
Oct 11Nippon Gas (TSE:8174) Is Paying Out A Larger Dividend Than Last Year
Sep 04Nippon Gas' (TSE:8174) Upcoming Dividend Will Be Larger Than Last Year's
Aug 21Nippon Gas' (TSE:8174) Shareholders Will Receive A Bigger Dividend Than Last Year
Jul 25Nippon Gas (TSE:8174) Is Increasing Its Dividend To ¥46.25
Jul 11Nippon Gas' (TSE:8174) Earnings Offer More Than Meets The Eye
May 07Nippon Gas Co., Ltd.'s (TSE:8174) Price Is Out Of Tune With Earnings
Apr 17Nippon Gas (TSE:8174) Will Pay A Dividend Of ¥37.50
Mar 14Is Nippon Gas (TSE:8174) Using Too Much Debt?
Mar 05Financial Position Analysis
Short Term Liabilities: 8174's short term assets (¥41.6B) exceed its short term liabilities (¥41.2B).
Long Term Liabilities: 8174's short term assets (¥41.6B) exceed its long term liabilities (¥35.9B).
Debt to Equity History and Analysis
Debt Level: 8174's net debt to equity ratio (36.5%) is considered satisfactory.
Reducing Debt: 8174's debt to equity ratio has reduced from 65.1% to 57% over the past 5 years.
Debt Coverage: 8174's debt is well covered by operating cash flow (60.6%).
Interest Coverage: 8174's interest payments on its debt are well covered by EBIT (80.4x coverage).