Daily Journal Balance Sheet Health
Financial Health criteria checks 6/6
Daily Journal has a total shareholder equity of $228.5M and total debt of $30.6M, which brings its debt-to-equity ratio to 13.4%. Its total assets and total liabilities are $335.7M and $107.2M respectively. Daily Journal's EBIT is $9.2M making its interest coverage ratio -6.3. It has cash and short-term investments of $307.6M.
Key information
13.4%
Debt to equity ratio
US$30.62m
Debt
Interest coverage ratio | -6.3x |
Cash | US$307.56m |
Equity | US$228.50m |
Total liabilities | US$107.25m |
Total assets | US$335.75m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DJ1's short term assets ($326.4M) exceed its short term liabilities ($36.4M).
Long Term Liabilities: DJ1's short term assets ($326.4M) exceed its long term liabilities ($70.9M).
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 21.4% to 13.4% over the past 5 years.
Debt Coverage: DJ1's debt is well covered by operating cash flow (27.9%).
Interest Coverage: DJ1 earns more interest than it pays, so coverage of interest payments is not a concern.