Daido Metal Balance Sheet Health
Financial Health criteria checks 6/6
Daido Metal has a total shareholder equity of ¥82.5B and total debt of ¥62.3B, which brings its debt-to-equity ratio to 75.6%. Its total assets and total liabilities are ¥196.5B and ¥114.0B respectively. Daido Metal's EBIT is ¥6.6B making its interest coverage ratio 5.6. It has cash and short-term investments of ¥29.6B.
Key information
75.6%
Debt to equity ratio
JP¥62.32b
Debt
| Interest coverage ratio | 5.6x |
| Cash | JP¥29.61b |
| Equity | JP¥82.48b |
| Total liabilities | JP¥114.00b |
| Total assets | JP¥196.48b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 7245's short term assets (¥106.4B) exceed its short term liabilities (¥78.1B).
Long Term Liabilities: 7245's short term assets (¥106.4B) exceed its long term liabilities (¥35.9B).
Debt to Equity History and Analysis
Debt Level: 7245's net debt to equity ratio (39.7%) is considered satisfactory.
Reducing Debt: 7245's debt to equity ratio has reduced from 82% to 75.6% over the past 5 years.
Debt Coverage: 7245's debt is well covered by operating cash flow (23.3%).
Interest Coverage: 7245's interest payments on its debt are well covered by EBIT (5.6x coverage).