Nifco Balance Sheet Health
Financial Health criteria checks 6/6
Nifco has a total shareholder equity of ¥265.8B and total debt of ¥42.5B, which brings its debt-to-equity ratio to 16%. Its total assets and total liabilities are ¥377.9B and ¥112.2B respectively. Nifco's EBIT is ¥48.4B making its interest coverage ratio -41.5. It has cash and short-term investments of ¥146.7B.
Key information
16.0%
Debt to equity ratio
JP¥42.52b
Debt
| Interest coverage ratio | -41.5x |
| Cash | JP¥146.72b |
| Equity | JP¥265.77b |
| Total liabilities | JP¥112.16b |
| Total assets | JP¥377.92b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NIFC.Y's short term assets (¥260.3B) exceed its short term liabilities (¥74.7B).
Long Term Liabilities: NIFC.Y's short term assets (¥260.3B) exceed its long term liabilities (¥37.5B).
Debt to Equity History and Analysis
Debt Level: NIFC.Y has more cash than its total debt.
Reducing Debt: NIFC.Y's debt to equity ratio has reduced from 50.6% to 16% over the past 5 years.
Debt Coverage: NIFC.Y's debt is well covered by operating cash flow (122.6%).
Interest Coverage: NIFC.Y earns more interest than it pays, so coverage of interest payments is not a concern.