DENSO Balance Sheet Health
Financial Health criteria checks 5/6
DENSO has a total shareholder equity of ¥5,129.7B and total debt of ¥928.2B, which brings its debt-to-equity ratio to 18.1%. Its total assets and total liabilities are ¥8,319.5B and ¥3,189.9B respectively. DENSO's EBIT is ¥396.4B making its interest coverage ratio -8. It has cash and short-term investments of ¥836.0B.
Key information
18.1%
Debt to equity ratio
JP¥928.16b
Debt
| Interest coverage ratio | -8x |
| Cash | JP¥835.95b |
| Equity | JP¥5.13t |
| Total liabilities | JP¥3.19t |
| Total assets | JP¥8.32t |
Recent financial health updates
Recent updates
These 4 Measures Indicate That DENSO (TSE:6902) Is Using Debt Reasonably Well
Apr 21
When Should You Buy DENSO Corporation (TSE:6902)?
Apr 07A Look At The Fair Value Of DENSO Corporation (TSE:6902)
Mar 23Should You Be Adding DENSO (TSE:6902) To Your Watchlist Today?
Mar 12DENSO's (TSE:6902) Returns Have Hit A Wall
Feb 29Financial Position Analysis
Short Term Liabilities: 6902's short term assets (¥3,433.3B) exceed its short term liabilities (¥2,051.1B).
Long Term Liabilities: 6902's short term assets (¥3,433.3B) exceed its long term liabilities (¥1,138.8B).
Debt to Equity History and Analysis
Debt Level: 6902's net debt to equity ratio (1.8%) is considered satisfactory.
Reducing Debt: 6902's debt to equity ratio has increased from 15.7% to 18.1% over the past 5 years.
Debt Coverage: 6902's debt is well covered by operating cash flow (104.6%).
Interest Coverage: 6902 earns more interest than it pays, so coverage of interest payments is not a concern.