NEC Balance Sheet Health
Financial Health criteria checks 6/6
NEC has a total shareholder equity of ¥1,996.8B and total debt of ¥499.4B, which brings its debt-to-equity ratio to 25%. Its total assets and total liabilities are ¥4,090.9B and ¥2,094.1B respectively. NEC's EBIT is ¥183.2B making its interest coverage ratio 51.8. It has cash and short-term investments of ¥401.3B.
Key information
25.0%
Debt to equity ratio
JP¥499.43b
Debt
Interest coverage ratio | 51.8x |
Cash | JP¥401.35b |
Equity | JP¥2.00t |
Total liabilities | JP¥2.09t |
Total assets | JP¥4.09t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NIPN.F's short term assets (¥2,021.4B) exceed its short term liabilities (¥1,394.2B).
Long Term Liabilities: NIPN.F's short term assets (¥2,021.4B) exceed its long term liabilities (¥699.9B).
Debt to Equity History and Analysis
Debt Level: NIPN.F's net debt to equity ratio (4.9%) is considered satisfactory.
Reducing Debt: NIPN.F's debt to equity ratio has reduced from 51% to 25% over the past 5 years.
Debt Coverage: NIPN.F's debt is well covered by operating cash flow (47.9%).
Interest Coverage: NIPN.F's interest payments on its debt are well covered by EBIT (51.8x coverage).