Diamond Electric Holdings Balance Sheet Health
Financial Health criteria checks 3/6
Diamond Electric Holdings has a total shareholder equity of ¥9.8B and total debt of ¥38.5B, which brings its debt-to-equity ratio to 394.3%. Its total assets and total liabilities are ¥78.9B and ¥69.2B respectively. Diamond Electric Holdings's EBIT is ¥600.0M making its interest coverage ratio 1. It has cash and short-term investments of ¥9.1B.
Key information
394.3%
Debt to equity ratio
JP¥38.50b
Debt
| Interest coverage ratio | 1x |
| Cash | JP¥9.11b |
| Equity | JP¥9.76b |
| Total liabilities | JP¥69.15b |
| Total assets | JP¥78.91b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 6699's short term assets (¥50.6B) do not cover its short term liabilities (¥53.4B).
Long Term Liabilities: 6699's short term assets (¥50.6B) exceed its long term liabilities (¥15.8B).
Debt to Equity History and Analysis
Debt Level: 6699's net debt to equity ratio (301%) is considered high.
Reducing Debt: 6699's debt to equity ratio has increased from 320.1% to 394.3% 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: Whilst unprofitable 6699 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 6699 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 0.3% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/20 02:49 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Diamond Electric Holdings Co., Ltd. is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| William Nestuk | Pelham Smithers Associates Ltd. |