Diamond Electric Holdings Balance Sheet Health
Financial Health criteria checks 3/6
Diamond Electric Holdings has a total shareholder equity of ¥10.9B and total debt of ¥39.3B, which brings its debt-to-equity ratio to 360.5%. Its total assets and total liabilities are ¥81.0B and ¥70.1B respectively. Diamond Electric Holdings's EBIT is ¥644.0M making its interest coverage ratio 1.3. It has cash and short-term investments of ¥10.0B.
Key information
360.5%
Debt to equity ratio
JP¥39.32b
Debt
| Interest coverage ratio | 1.3x |
| Cash | JP¥10.00b |
| Equity | JP¥10.91b |
| Total liabilities | JP¥70.13b |
| Total assets | JP¥81.04b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 6699's short term assets (¥51.6B) do not cover its short term liabilities (¥53.9B).
Long Term Liabilities: 6699's short term assets (¥51.6B) exceed its long term liabilities (¥16.3B).
Debt to Equity History and Analysis
Debt Level: 6699's net debt to equity ratio (268.8%) is considered high.
Reducing Debt: 6699's debt to equity ratio has increased from 281.1% to 360.5% 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 3 years based on its current free cash flow.
Forecast Cash Runway: 6699 has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 14.2% each year