Daily Journal Balance Sheet Health
Financial Health criteria checks 5/6
Daily Journal has a total shareholder equity of $251.9M and total debt of $28.7M, which brings its debt-to-equity ratio to 11.4%. Its total assets and total liabilities are $369.9M and $118.0M respectively. Daily Journal's EBIT is $8.0M making its interest coverage ratio -2.5. It has cash and short-term investments of $335.0M.
Key information
11.4%
Debt to equity ratio
US$28.66m
Debt
| Interest coverage ratio | -2.5x |
| Cash | US$335.01m |
| Equity | US$251.85m |
| Total liabilities | US$118.01m |
| Total assets | US$369.86m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DJ1's short term assets ($360.5M) exceed its short term liabilities ($42.0M).
Long Term Liabilities: DJ1's short term assets ($360.5M) exceed its long term liabilities ($76.0M).
Debt to Equity History and Analysis
Debt Level: DJ1 has more cash than its total debt.
Reducing Debt: DJ1's debt to equity ratio has reduced from 20.9% to 11.4% over the past 5 years.
Debt Coverage: DJ1's debt is not well covered by operating cash flow (12%).
Interest Coverage: DJ1 earns more interest than it pays, so coverage of interest payments is not a concern.