Noritsu Koki Balance Sheet Health
Financial Health criteria checks 4/6
Noritsu Koki has a total shareholder equity of ¥209.4B and total debt of ¥41.2B, which brings its debt-to-equity ratio to 19.7%. Its total assets and total liabilities are ¥293.7B and ¥84.3B respectively. Noritsu Koki's EBIT is ¥15.2B making its interest coverage ratio 2.2. It has cash and short-term investments of ¥44.8B.
Key information
19.7%
Debt to equity ratio
JP¥41.25b
Debt
Interest coverage ratio | 2.2x |
Cash | JP¥44.76b |
Equity | JP¥209.40b |
Total liabilities | JP¥84.26b |
Total assets | JP¥293.65b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NKOK.F's short term assets (¥122.1B) exceed its short term liabilities (¥32.7B).
Long Term Liabilities: NKOK.F's short term assets (¥122.1B) exceed its long term liabilities (¥51.5B).
Debt to Equity History and Analysis
Debt Level: NKOK.F has more cash than its total debt.
Reducing Debt: NKOK.F's debt to equity ratio has reduced from 46.6% to 19.7% over the past 5 years.
Debt Coverage: NKOK.F's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: NKOK.F's interest payments on its debt are not well covered by EBIT (2.2x coverage).