NGK Insulators Balance Sheet Health
Financial Health criteria checks 6/6
NGK Insulators has a total shareholder equity of ¥668.1B and total debt of ¥264.5B, which brings its debt-to-equity ratio to 39.6%. Its total assets and total liabilities are ¥1,075.5B and ¥407.4B respectively. NGK Insulators's EBIT is ¥58.8B making its interest coverage ratio 48.8. It has cash and short-term investments of ¥234.6B.
Key information
39.6%
Debt to equity ratio
JP¥264.50b
Debt
Interest coverage ratio | 48.8x |
Cash | JP¥234.63b |
Equity | JP¥668.08b |
Total liabilities | JP¥407.40b |
Total assets | JP¥1.08t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NGKI.F's short term assets (¥609.8B) exceed its short term liabilities (¥158.7B).
Long Term Liabilities: NGKI.F's short term assets (¥609.8B) exceed its long term liabilities (¥248.7B).
Debt to Equity History and Analysis
Debt Level: NGKI.F's net debt to equity ratio (4.5%) is considered satisfactory.
Reducing Debt: NGKI.F's debt to equity ratio has reduced from 48.1% to 39.6% over the past 5 years.
Debt Coverage: NGKI.F's debt is well covered by operating cash flow (41%).
Interest Coverage: NGKI.F's interest payments on its debt are well covered by EBIT (48.8x coverage).