Nidec Corporation

Tokyo Stock Exchange 6594.T

Nidec Corporation Interest Coverage Ratio for the year ending March 31, 2024: 10.59

Nidec Corporation Interest Coverage Ratio is 10.59 for the year ending March 31, 2024, a 54.86% change year over year. Interest coverage ratio assesses earnings' ability to cover interest expenses; higher ratios signal lower risk.

Nidec Corporation Interest Coverage Ratio for the year ending March 31, 2023 was 6.84, a -78.17% change year over year.
Nidec Corporation Interest Coverage Ratio for the year ending March 31, 2022 was 31.34, a 16.13% change year over year.
Nidec Corporation Interest Coverage Ratio for the year ending March 31, 2021 was 26.98, a 116.10% change year over year.
Nidec Corporation Interest Coverage Ratio for the year ending March 31, 2020 was 12.49, a -20.03% change year over year.

Key data

Date	Interest Coverage Ratio	Debt to Equity Ratio	Interest Expense To Sales	Inventory Turnover Ratio

Tokyo Stock Exchange: 6594.T

Nidec Corporation

CEO	Mitsuya Kishida
IPO Date	Jan. 4, 2001
Location	Japan
Headquarters	338 Kuzetonoshiro-cho
Employees	101,112
Sector	Technology
Industries Hardware & Electronics 3D Printing Automobiles & Vehicles Automotive Parts Autonomous Driving Composite Materials Machinery Robotics

Description

Nidec Corporation, together with its subsidiaries, develops, manufactures, and sells motors, electronics and optical components, and other related products in Japan and internationally. The company offers medium- and large-size motors, small-size and precision motors, motor-related products, units and modules, automotive components, mechanical equipment, inspection and measuring equipment, electronic devices, sensors, and other products. Its products are used for applications in robotics, IoT products, automotive components, home appliances, logistics/agriculture, information technology, office automation, mobile devices and optical components, medical and health care products, housing equipment, commercial and professional products, industrial machinery, and processing/inspection equipment. The company was incorporated in 1973 and is headquartered in Kyoto, Japan.

Key trends

Past 5 years