Daikin IndustriesLtd Balance Sheet Health
Financial Health criteria checks 6/6
Daikin IndustriesLtd has a total shareholder equity of ¥2,732.6B and total debt of ¥802.4B, which brings its debt-to-equity ratio to 29.4%. Its total assets and total liabilities are ¥4,930.4B and ¥2,197.8B respectively. Daikin IndustriesLtd's EBIT is ¥403.0B making its interest coverage ratio 16.6. It has cash and short-term investments of ¥827.2B.
Key information
29.4%
Debt to equity ratio
JP¥802.37b
Debt
| Interest coverage ratio | 16.6x |
| Cash | JP¥827.23b |
| Equity | JP¥2.73t |
| Total liabilities | JP¥2.20t |
| Total assets | JP¥4.93t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DKI's short term assets (¥2,782.0B) exceed its short term liabilities (¥1,466.6B).
Long Term Liabilities: DKI's short term assets (¥2,782.0B) exceed its long term liabilities (¥731.1B).
Debt to Equity History and Analysis
Debt Level: DKI has more cash than its total debt.
Reducing Debt: DKI's debt to equity ratio has reduced from 35.2% to 29.4% over the past 5 years.
Debt Coverage: DKI's debt is well covered by operating cash flow (64.8%).
Interest Coverage: DKI's interest payments on its debt are well covered by EBIT (16.6x coverage).