Dai-Ichi Cutter Kogyo k.k Balance Sheet Health
Financial Health criteria checks 5/6
Dai-Ichi Cutter Kogyo k.k has a total shareholder equity of ¥17.2B and total debt of ¥243.0M, which brings its debt-to-equity ratio to 1.4%. Its total assets and total liabilities are ¥20.8B and ¥3.6B respectively. Dai-Ichi Cutter Kogyo k.k's EBIT is ¥2.6B making its interest coverage ratio -29.3. It has cash and short-term investments of ¥8.6B.
Key information
1.4%
Debt to equity ratio
JP¥243.00m
Debt
Interest coverage ratio | -29.3x |
Cash | JP¥8.64b |
Equity | JP¥17.17b |
Total liabilities | JP¥3.63b |
Total assets | JP¥20.80b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 1716's short term assets (¥13.1B) exceed its short term liabilities (¥2.8B).
Long Term Liabilities: 1716's short term assets (¥13.1B) exceed its long term liabilities (¥814.0M).
Debt to Equity History and Analysis
Debt Level: 1716 has more cash than its total debt.
Reducing Debt: 1716's debt to equity ratio has increased from 0.2% to 1.4% over the past 5 years.
Debt Coverage: 1716's debt is well covered by operating cash flow (1087.7%).
Interest Coverage: 1716 earns more interest than it pays, so coverage of interest payments is not a concern.