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 54.6%. Its total assets and total liabilities are ¥159.2B and ¥86.5B respectively. Nippon Gas's EBIT is ¥17.4B making its interest coverage ratio 112.5. It has cash and short-term investments of ¥19.0B.
Key information
54.6%
Debt to equity ratio
JP¥39.67b
Debt
Interest coverage ratio | 112.5x |
Cash | JP¥18.99b |
Equity | JP¥72.72b |
Total liabilities | JP¥86.50b |
Total assets | JP¥159.22b |
Recent financial health updates
Recent updates
Nippon 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 (¥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 54.6% 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 (112.5x coverage).