Daiki Aluminium Industry Balance Sheet Health
Financial Health criteria checks 4/6
Daiki Aluminium Industry has a total shareholder equity of ¥74.8B and total debt of ¥64.3B, which brings its debt-to-equity ratio to 86%. Its total assets and total liabilities are ¥160.3B and ¥85.5B respectively. Daiki Aluminium Industry's EBIT is ¥4.5B making its interest coverage ratio 4.1. It has cash and short-term investments of ¥8.8B.
Key information
86.0%
Debt to equity ratio
JP¥64.33b
Debt
| Interest coverage ratio | 4.1x |
| Cash | JP¥8.84b |
| Equity | JP¥74.76b |
| Total liabilities | JP¥85.51b |
| Total assets | JP¥160.27b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 7YB's short term assets (¥125.1B) exceed its short term liabilities (¥74.1B).
Long Term Liabilities: 7YB's short term assets (¥125.1B) exceed its long term liabilities (¥11.4B).
Debt to Equity History and Analysis
Debt Level: 7YB's net debt to equity ratio (74.2%) is considered high.
Reducing Debt: 7YB's debt to equity ratio has reduced from 96.3% to 86% over the past 5 years.
Debt Coverage: 7YB's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 7YB's interest payments on its debt are well covered by EBIT (4.1x coverage).