Daido Steel Balance Sheet Health
Financial Health criteria checks 5/6
Daido Steel has a total shareholder equity of ¥429.5B and total debt of ¥240.0B, which brings its debt-to-equity ratio to 55.9%. Its total assets and total liabilities are ¥796.9B and ¥367.4B respectively. Daido Steel's EBIT is ¥42.4B making its interest coverage ratio -25.7. It has cash and short-term investments of ¥64.9B.
Key information
55.9%
Debt to equity ratio
JP¥240.00b
Debt
Interest coverage ratio | -25.7x |
Cash | JP¥64.93b |
Equity | JP¥429.52b |
Total liabilities | JP¥367.40b |
Total assets | JP¥796.92b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DDL's short term assets (¥434.9B) exceed its short term liabilities (¥204.6B).
Long Term Liabilities: DDL's short term assets (¥434.9B) exceed its long term liabilities (¥162.8B).
Debt to Equity History and Analysis
Debt Level: DDL's net debt to equity ratio (40.8%) is considered high.
Reducing Debt: DDL's debt to equity ratio has reduced from 56.7% to 55.9% over the past 5 years.
Debt Coverage: DDL's debt is well covered by operating cash flow (22.7%).
Interest Coverage: DDL earns more interest than it pays, so coverage of interest payments is not a concern.