Daikin IndustriesLtd Balance Sheet Health
Financial Health criteria checks 6/6
Daikin IndustriesLtd has a total shareholder equity of ¥2,687.3B and total debt of ¥812.0B, which brings its debt-to-equity ratio to 30.2%. Its total assets and total liabilities are ¥4,880.2B and ¥2,192.9B respectively. Daikin IndustriesLtd's EBIT is ¥392.1B making its interest coverage ratio 16.5. It has cash and short-term investments of ¥738.0B.
Key information
30.2%
Debt to equity ratio
JP¥811.99b
Debt
Interest coverage ratio | 16.5x |
Cash | JP¥737.96b |
Equity | JP¥2.69t |
Total liabilities | JP¥2.19t |
Total assets | JP¥4.88t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DKI's short term assets (¥2,726.6B) exceed its short term liabilities (¥1,567.0B).
Long Term Liabilities: DKI's short term assets (¥2,726.6B) exceed its long term liabilities (¥625.9B).
Debt to Equity History and Analysis
Debt Level: DKI's net debt to equity ratio (2.8%) is considered satisfactory.
Reducing Debt: DKI's debt to equity ratio has reduced from 39.7% to 30.2% over the past 5 years.
Debt Coverage: DKI's debt is well covered by operating cash flow (49.2%).
Interest Coverage: DKI's interest payments on its debt are well covered by EBIT (16.5x coverage).