Diamond Electric Holdings Balance Sheet Health
Financial Health criteria checks 3/6
Diamond Electric Holdings has a total shareholder equity of ¥10.1B and total debt of ¥39.9B, which brings its debt-to-equity ratio to 395.6%. Its total assets and total liabilities are ¥81.7B and ¥71.6B respectively. Diamond Electric Holdings's EBIT is ¥407.0M making its interest coverage ratio 0.9. It has cash and short-term investments of ¥10.2B.
Key information
395.6%
Debt to equity ratio
JP¥39.90b
Debt
Interest coverage ratio | 0.9x |
Cash | JP¥10.25b |
Equity | JP¥10.09b |
Total liabilities | JP¥71.64b |
Total assets | JP¥81.73b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 6699's short term assets (¥52.9B) do not cover its short term liabilities (¥54.4B).
Long Term Liabilities: 6699's short term assets (¥52.9B) exceed its long term liabilities (¥17.2B).
Debt to Equity History and Analysis
Debt Level: 6699's net debt to equity ratio (294%) is considered high.
Reducing Debt: 6699's debt to equity ratio has increased from 210.9% to 395.6% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: 6699 has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: 6699 has sufficient cash runway for 2.7 years if free cash flow continues to reduce at historical rates of 28.4% each year.