Daikin IndustriesLtd Balance Sheet Health
Financial Health criteria checks 6/6
Daikin IndustriesLtd has a total shareholder equity of ¥2,526.7B and total debt of ¥876.6B, which brings its debt-to-equity ratio to 34.7%. Its total assets and total liabilities are ¥4,681.9B and ¥2,155.1B respectively. Daikin IndustriesLtd's EBIT is ¥379.8B making its interest coverage ratio 18.8. It has cash and short-term investments of ¥719.1B.
Key information
34.7%
Debt to equity ratio
JP¥876.61b
Debt
| Interest coverage ratio | 18.8x |
| Cash | JP¥719.11b |
| Equity | JP¥2.53t |
| Total liabilities | JP¥2.16t |
| Total assets | JP¥4.68t |
Financial Position Analysis
Short Term Liabilities: 6367's short term assets (¥2,611.9B) exceed its short term liabilities (¥1,584.2B).
Long Term Liabilities: 6367's short term assets (¥2,611.9B) exceed its long term liabilities (¥570.9B).
Debt to Equity History and Analysis
Debt Level: 6367's net debt to equity ratio (6.2%) is considered satisfactory.
Reducing Debt: 6367's debt to equity ratio has reduced from 39.8% to 34.7% over the past 5 years.
Debt Coverage: 6367's debt is well covered by operating cash flow (37.9%).
Interest Coverage: 6367's interest payments on its debt are well covered by EBIT (18.8x coverage).