Asahi Diamond Industrial Balance Sheet Health
Financial Health criteria checks 6/6
Asahi Diamond Industrial has a total shareholder equity of ¥63.0B and total debt of ¥135.0M, which brings its debt-to-equity ratio to 0.2%. Its total assets and total liabilities are ¥73.1B and ¥10.0B respectively. Asahi Diamond Industrial's EBIT is ¥1.3B making its interest coverage ratio -5.1. It has cash and short-term investments of ¥12.2B.
Key information
0.2%
Debt to equity ratio
JP¥135.00m
Debt
| Interest coverage ratio | -5.1x |
| Cash | JP¥12.22b |
| Equity | JP¥63.03b |
| Total liabilities | JP¥10.05b |
| Total assets | JP¥73.08b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6140's short term assets (¥32.4B) exceed its short term liabilities (¥5.9B).
Long Term Liabilities: 6140's short term assets (¥32.4B) exceed its long term liabilities (¥4.2B).
Debt to Equity History and Analysis
Debt Level: 6140 has more cash than its total debt.
Reducing Debt: 6140's debt to equity ratio has reduced from 0.7% to 0.2% over the past 5 years.
Debt Coverage: 6140's debt is well covered by operating cash flow (3190.4%).
Interest Coverage: 6140 earns more interest than it pays, so coverage of interest payments is not a concern.