Daiki Aluminium Industry Balance Sheet Health
Financial Health criteria checks 4/6
Daiki Aluminium Industry has a total shareholder equity of ¥72.1B and total debt of ¥48.1B, which brings its debt-to-equity ratio to 66.8%. Its total assets and total liabilities are ¥138.7B and ¥66.6B respectively. Daiki Aluminium Industry's EBIT is ¥4.6B making its interest coverage ratio 4.7. It has cash and short-term investments of ¥6.4B.
Key information
66.8%
Debt to equity ratio
JP¥48.12b
Debt
Interest coverage ratio | 4.7x |
Cash | JP¥6.38b |
Equity | JP¥72.06b |
Total liabilities | JP¥66.62b |
Total assets | JP¥138.68b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 7YB's short term assets (¥105.5B) exceed its short term liabilities (¥56.9B).
Long Term Liabilities: 7YB's short term assets (¥105.5B) exceed its long term liabilities (¥9.7B).
Debt to Equity History and Analysis
Debt Level: 7YB's net debt to equity ratio (57.9%) is considered high.
Reducing Debt: 7YB's debt to equity ratio has reduced from 119% to 66.8% over the past 5 years.
Debt Coverage: 7YB's debt is not well covered by operating cash flow (5.8%).
Interest Coverage: 7YB's interest payments on its debt are well covered by EBIT (4.7x coverage).