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 ¥18.2B and total debt of ¥216.0M, which brings its debt-to-equity ratio to 1.2%. Its total assets and total liabilities are ¥21.9B and ¥3.6B respectively. Dai-Ichi Cutter Kogyo k.k's EBIT is ¥2.2B making its interest coverage ratio -14.1. It has cash and short-term investments of ¥9.1B.
Key information
1.2%
Debt to equity ratio
JP¥216.00m
Debt
| Interest coverage ratio | -14.1x |
| Cash | JP¥9.06b |
| Equity | JP¥18.25b |
| Total liabilities | JP¥3.64b |
| Total assets | JP¥21.89b |
Financial Position Analysis
Short Term Liabilities: 1716's short term assets (¥14.1B) exceed its short term liabilities (¥2.9B).
Long Term Liabilities: 1716's short term assets (¥14.1B) exceed its long term liabilities (¥748.0M).
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 0.6% to 1.2% over the past 5 years.
Debt Coverage: 1716's debt is well covered by operating cash flow (1006%).
Interest Coverage: 1716 earns more interest than it pays, so coverage of interest payments is not a concern.