Nippon Steel Balance Sheet Health
Financial Health criteria checks 6/6
Nippon Steel has a total shareholder equity of ¥5,999.4B and total debt of ¥2,795.8B, which brings its debt-to-equity ratio to 46.6%. Its total assets and total liabilities are ¥11,201.1B and ¥5,201.7B respectively. Nippon Steel's EBIT is ¥551.9B making its interest coverage ratio 43.4. It has cash and short-term investments of ¥640.6B.
Key information
46.6%
Debt to equity ratio
JP¥2.80t
Debt
| Interest coverage ratio | 43.4x |
| Cash | JP¥640.57b |
| Equity | JP¥6.00t |
| Total liabilities | JP¥5.20t |
| Total assets | JP¥11.20t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NIST.F's short term assets (¥4,873.3B) exceed its short term liabilities (¥2,474.9B).
Long Term Liabilities: NIST.F's short term assets (¥4,873.3B) exceed its long term liabilities (¥2,726.8B).
Debt to Equity History and Analysis
Debt Level: NIST.F's net debt to equity ratio (35.9%) is considered satisfactory.
Reducing Debt: NIST.F's debt to equity ratio has reduced from 72% to 46.6% over the past 5 years.
Debt Coverage: NIST.F's debt is well covered by operating cash flow (27.2%).
Interest Coverage: NIST.F's interest payments on its debt are well covered by EBIT (43.4x coverage).