Nippon Express HoldingsInc Balance Sheet Health
Financial Health criteria checks 6/6
Nippon Express HoldingsInc has a total shareholder equity of ¥854.0B and total debt of ¥306.5B, which brings its debt-to-equity ratio to 35.9%. Its total assets and total liabilities are ¥2,211.9B and ¥1,357.9B respectively. Nippon Express HoldingsInc's EBIT is ¥52.5B making its interest coverage ratio -19.4. It has cash and short-term investments of ¥218.5B.
Key information
35.9%
Debt to equity ratio
JP¥306.53b
Debt
| Interest coverage ratio | -19.4x |
| Cash | JP¥218.46b |
| Equity | JP¥853.99b |
| Total liabilities | JP¥1.36t |
| Total assets | JP¥2.21t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NEXH.Y's short term assets (¥834.2B) exceed its short term liabilities (¥665.7B).
Long Term Liabilities: NEXH.Y's short term assets (¥834.2B) exceed its long term liabilities (¥692.2B).
Debt to Equity History and Analysis
Debt Level: NEXH.Y's net debt to equity ratio (10.3%) is considered satisfactory.
Reducing Debt: NEXH.Y's debt to equity ratio has reduced from 67.4% to 35.9% over the past 5 years.
Debt Coverage: NEXH.Y's debt is well covered by operating cash flow (75.6%).
Interest Coverage: NEXH.Y earns more interest than it pays, so coverage of interest payments is not a concern.