Daido Metal Balance Sheet Health
Financial Health criteria checks 5/6
Daido Metal has a total shareholder equity of ¥75.1B and total debt of ¥64.3B, which brings its debt-to-equity ratio to 85.6%. Its total assets and total liabilities are ¥185.8B and ¥110.7B respectively. Daido Metal's EBIT is ¥5.0B making its interest coverage ratio 4.2. It has cash and short-term investments of ¥29.7B.
Key information
85.6%
Debt to equity ratio
JP¥64.30b
Debt
| Interest coverage ratio | 4.2x |
| Cash | JP¥29.69b |
| Equity | JP¥75.08b |
| Total liabilities | JP¥110.74b |
| Total assets | JP¥185.82b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 7245's short term assets (¥103.7B) exceed its short term liabilities (¥73.9B).
Long Term Liabilities: 7245's short term assets (¥103.7B) exceed its long term liabilities (¥36.8B).
Debt to Equity History and Analysis
Debt Level: 7245's net debt to equity ratio (46.1%) is considered high.
Reducing Debt: 7245's debt to equity ratio has reduced from 94.1% to 85.6% over the past 5 years.
Debt Coverage: 7245's debt is well covered by operating cash flow (25%).
Interest Coverage: 7245's interest payments on its debt are well covered by EBIT (4.2x coverage).