Nissan Chemical Balance Sheet Health
Financial Health criteria checks 5/6
Nissan Chemical has a total shareholder equity of ¥221.4B and total debt of ¥36.7B, which brings its debt-to-equity ratio to 16.6%. Its total assets and total liabilities are ¥309.7B and ¥88.4B respectively. Nissan Chemical's EBIT is ¥46.9B making its interest coverage ratio -45.2. It has cash and short-term investments of ¥25.7B.
Key information
16.6%
Debt to equity ratio
JP¥36.72b
Debt
Interest coverage ratio | -45.2x |
Cash | JP¥25.68b |
Equity | JP¥221.35b |
Total liabilities | JP¥88.35b |
Total assets | JP¥309.71b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NNCH.Y's short term assets (¥189.4B) exceed its short term liabilities (¥82.4B).
Long Term Liabilities: NNCH.Y's short term assets (¥189.4B) exceed its long term liabilities (¥6.0B).
Debt to Equity History and Analysis
Debt Level: NNCH.Y's net debt to equity ratio (5%) is considered satisfactory.
Reducing Debt: NNCH.Y's debt to equity ratio has increased from 4.5% to 16.6% over the past 5 years.
Debt Coverage: NNCH.Y's debt is well covered by operating cash flow (84.8%).
Interest Coverage: NNCH.Y earns more interest than it pays, so coverage of interest payments is not a concern.