Nippon Sheet Glass Company Balance Sheet Health
Financial Health criteria checks 2/6
Nippon Sheet Glass Company has a total shareholder equity of ¥132.9B and total debt of ¥520.3B, which brings its debt-to-equity ratio to 391.5%. Its total assets and total liabilities are ¥953.5B and ¥820.6B respectively. Nippon Sheet Glass Company's EBIT is ¥92.9B making its interest coverage ratio 3.3. It has cash and short-term investments of ¥49.7B.
Key information
391.5%
Debt to equity ratio
JP¥520.34b
Debt
Interest coverage ratio | 3.3x |
Cash | JP¥49.75b |
Equity | JP¥132.89b |
Total liabilities | JP¥820.63b |
Total assets | JP¥953.52b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NPSG.Y's short term assets (¥317.6B) exceed its short term liabilities (¥307.1B).
Long Term Liabilities: NPSG.Y's short term assets (¥317.6B) do not cover its long term liabilities (¥513.5B).
Debt to Equity History and Analysis
Debt Level: NPSG.Y's net debt to equity ratio (354.1%) is considered high.
Reducing Debt: NPSG.Y's debt to equity ratio has increased from 294.5% to 391.5% over the past 5 years.
Debt Coverage: NPSG.Y's debt is not well covered by operating cash flow (11.4%).
Interest Coverage: NPSG.Y's interest payments on its debt are well covered by EBIT (3.3x coverage).