Nippon Steel Balance Sheet Health
Financial Health criteria checks 5/6
Nippon Steel has a total shareholder equity of ¥5,256.2B and total debt of ¥3,008.4B, which brings its debt-to-equity ratio to 57.2%. Its total assets and total liabilities are ¥10,697.6B and ¥5,441.4B respectively. Nippon Steel's EBIT is ¥727.7B making its interest coverage ratio -154.4. It has cash and short-term investments of ¥612.6B.
Key information
57.2%
Debt to equity ratio
JP¥3.01t
Debt
Interest coverage ratio | -154.4x |
Cash | JP¥612.56b |
Equity | JP¥5.26t |
Total liabilities | JP¥5.44t |
Total assets | JP¥10.70t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NIST.F's short term assets (¥4,786.8B) exceed its short term liabilities (¥2,667.8B).
Long Term Liabilities: NIST.F's short term assets (¥4,786.8B) exceed its long term liabilities (¥2,773.7B).
Debt to Equity History and Analysis
Debt Level: NIST.F's net debt to equity ratio (45.6%) is considered high.
Reducing Debt: NIST.F's debt to equity ratio has reduced from 68.3% to 57.2% over the past 5 years.
Debt Coverage: NIST.F's debt is well covered by operating cash flow (28.6%).
Interest Coverage: NIST.F earns more interest than it pays, so coverage of interest payments is not a concern.