Daido Metal Balance Sheet Health
Financial Health criteria checks 6/6
Daido Metal has a total shareholder equity of ¥78.7B and total debt of ¥61.3B, which brings its debt-to-equity ratio to 77.9%. Its total assets and total liabilities are ¥188.4B and ¥109.7B respectively. Daido Metal's EBIT is ¥6.1B making its interest coverage ratio 5.3. It has cash and short-term investments of ¥31.0B.
Key information
77.9%
Debt to equity ratio
JP¥61.31b
Debt
Interest coverage ratio | 5.3x |
Cash | JP¥30.96b |
Equity | JP¥78.72b |
Total liabilities | JP¥109.65b |
Total assets | JP¥188.37b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 69L's short term assets (¥103.5B) exceed its short term liabilities (¥74.5B).
Long Term Liabilities: 69L's short term assets (¥103.5B) exceed its long term liabilities (¥35.2B).
Debt to Equity History and Analysis
Debt Level: 69L's net debt to equity ratio (38.6%) is considered satisfactory.
Reducing Debt: 69L's debt to equity ratio has reduced from 86.1% to 77.9% over the past 5 years.
Debt Coverage: 69L's debt is well covered by operating cash flow (27.2%).
Interest Coverage: 69L's interest payments on its debt are well covered by EBIT (5.3x coverage).