Dowa Holdings Balance Sheet Health
Financial Health criteria checks 6/6
Dowa Holdings has a total shareholder equity of ¥387.7B and total debt of ¥76.3B, which brings its debt-to-equity ratio to 19.7%. Its total assets and total liabilities are ¥619.7B and ¥232.1B respectively. Dowa Holdings's EBIT is ¥30.5B making its interest coverage ratio -27.7. It has cash and short-term investments of ¥70.0B.
Key information
19.7%
Debt to equity ratio
JP¥76.27b
Debt
Interest coverage ratio | -27.7x |
Cash | JP¥70.03b |
Equity | JP¥387.65b |
Total liabilities | JP¥232.08b |
Total assets | JP¥619.73b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DMI's short term assets (¥331.8B) exceed its short term liabilities (¥164.2B).
Long Term Liabilities: DMI's short term assets (¥331.8B) exceed its long term liabilities (¥67.9B).
Debt to Equity History and Analysis
Debt Level: DMI's net debt to equity ratio (1.6%) is considered satisfactory.
Reducing Debt: DMI's debt to equity ratio has reduced from 54.6% to 19.7% over the past 5 years.
Debt Coverage: DMI's debt is well covered by operating cash flow (154.3%).
Interest Coverage: DMI earns more interest than it pays, so coverage of interest payments is not a concern.