Nitto Kogyo Balance Sheet Health
Financial Health criteria checks 5/6
Nitto Kogyo has a total shareholder equity of ¥101.5B and total debt of ¥11.1B, which brings its debt-to-equity ratio to 10.9%. Its total assets and total liabilities are ¥140.0B and ¥38.5B respectively. Nitto Kogyo's EBIT is ¥9.6B making its interest coverage ratio -59.7. It has cash and short-term investments of ¥23.8B.
Key information
10.9%
Debt to equity ratio
JP¥11.11b
Debt
| Interest coverage ratio | -59.7x |
| Cash | JP¥23.84b |
| Equity | JP¥101.46b |
| Total liabilities | JP¥38.53b |
| Total assets | JP¥140.00b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NELE.F's short term assets (¥79.1B) exceed its short term liabilities (¥24.0B).
Long Term Liabilities: NELE.F's short term assets (¥79.1B) exceed its long term liabilities (¥14.5B).
Debt to Equity History and Analysis
Debt Level: NELE.F has more cash than its total debt.
Reducing Debt: NELE.F's debt to equity ratio has increased from 2% to 10.9% over the past 5 years.
Debt Coverage: NELE.F's debt is well covered by operating cash flow (33.8%).
Interest Coverage: NELE.F earns more interest than it pays, so coverage of interest payments is not a concern.