Dai-ichi Life Holdings Balance Sheet Health
Financial Health criteria checks 5/6
Dai-ichi Life Holdings has a total shareholder equity of ¥3,882.2B and total debt of ¥975.3B, which brings its debt-to-equity ratio to 25.1%. Its total assets and total liabilities are ¥65,782.7B and ¥63,658.2B respectively. Dai-ichi Life Holdings's EBIT is ¥419.5B making its interest coverage ratio 10.6. It has cash and short-term investments of ¥1,809.2B.
Key information
25.1%
Debt to equity ratio
JP¥975.29b
Debt
Interest coverage ratio | 10.6x |
Cash | JP¥1.81t |
Equity | JP¥3.88t |
Total liabilities | JP¥63.66t |
Total assets | JP¥65.78t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: QHH's short term assets (¥4,775.6B) exceed its short term liabilities (¥2,412.9B).
Long Term Liabilities: QHH's short term assets (¥4,775.6B) do not cover its long term liabilities (¥61,245.2B).
Debt to Equity History and Analysis
Debt Level: QHH has more cash than its total debt.
Reducing Debt: QHH's debt to equity ratio has reduced from 55.1% to 25.1% over the past 5 years.
Debt Coverage: QHH's debt is well covered by operating cash flow (102.3%).
Interest Coverage: QHH's interest payments on its debt are well covered by EBIT (10.6x coverage).