Nifco Balance Sheet Health
Financial Health criteria checks 6/6
Nifco has a total shareholder equity of ¥255.4B and total debt of ¥51.4B, which brings its debt-to-equity ratio to 20.1%. Its total assets and total liabilities are ¥380.0B and ¥124.6B respectively. Nifco's EBIT is ¥40.5B making its interest coverage ratio -108.2. It has cash and short-term investments of ¥136.1B.
Key information
20.1%
Debt to equity ratio
JP¥51.36b
Debt
Interest coverage ratio | -108.2x |
Cash | JP¥136.12b |
Equity | JP¥255.43b |
Total liabilities | JP¥124.58b |
Total assets | JP¥380.02b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NIFC.Y's short term assets (¥260.9B) exceed its short term liabilities (¥65.9B).
Long Term Liabilities: NIFC.Y's short term assets (¥260.9B) exceed its long term liabilities (¥58.7B).
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 43.9% to 20.1% over the past 5 years.
Debt Coverage: NIFC.Y's debt is well covered by operating cash flow (82.2%).
Interest Coverage: NIFC.Y earns more interest than it pays, so coverage of interest payments is not a concern.