Nichias Balance Sheet Health
Financial Health criteria checks 6/6
Nichias has a total shareholder equity of ¥191.3B and total debt of ¥23.8B, which brings its debt-to-equity ratio to 12.4%. Its total assets and total liabilities are ¥279.5B and ¥88.2B respectively. Nichias's EBIT is ¥33.7B making its interest coverage ratio -66.2. It has cash and short-term investments of ¥52.6B.
Key information
12.4%
Debt to equity ratio
JP¥23.76b
Debt
| Interest coverage ratio | -66.2x |
| Cash | JP¥52.60b |
| Equity | JP¥191.26b |
| Total liabilities | JP¥88.20b |
| Total assets | JP¥279.46b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NICF.F's short term assets (¥181.2B) exceed its short term liabilities (¥75.0B).
Long Term Liabilities: NICF.F's short term assets (¥181.2B) exceed its long term liabilities (¥13.2B).
Debt to Equity History and Analysis
Debt Level: NICF.F has more cash than its total debt.
Reducing Debt: NICF.F's debt to equity ratio has reduced from 21.7% to 12.4% over the past 5 years.
Debt Coverage: NICF.F's debt is well covered by operating cash flow (78.8%).
Interest Coverage: NICF.F earns more interest than it pays, so coverage of interest payments is not a concern.