Daihatsu Diesel Mfg Balance Sheet Health
Financial Health criteria checks 6/6
Daihatsu Diesel Mfg has a total shareholder equity of ¥50.8B and total debt of ¥12.2B, which brings its debt-to-equity ratio to 24%. Its total assets and total liabilities are ¥101.4B and ¥50.6B respectively. Daihatsu Diesel Mfg's EBIT is ¥5.2B making its interest coverage ratio 399.6. It has cash and short-term investments of ¥29.6B.
Key information
24.0%
Debt to equity ratio
JP¥12.20b
Debt
| Interest coverage ratio | 399.6x |
| Cash | JP¥29.62b |
| Equity | JP¥50.84b |
| Total liabilities | JP¥50.59b |
| Total assets | JP¥101.43b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 6023's short term assets (¥72.8B) exceed its short term liabilities (¥35.0B).
Long Term Liabilities: 6023's short term assets (¥72.8B) exceed its long term liabilities (¥15.6B).
Debt to Equity History and Analysis
Debt Level: 6023 has more cash than its total debt.
Reducing Debt: 6023's debt to equity ratio has reduced from 34.2% to 24% over the past 5 years.
Debt Coverage: 6023's debt is well covered by operating cash flow (25.5%).
Interest Coverage: 6023's interest payments on its debt are well covered by EBIT (399.6x coverage).