Daikin IndustriesLtd Balance Sheet Health
Financial Health criteria checks 6/6
Daikin IndustriesLtd has a total shareholder equity of ¥2,687.3B and total debt of ¥812.0B, which brings its debt-to-equity ratio to 30.2%. Its total assets and total liabilities are ¥4,880.2B and ¥2,192.9B respectively. Daikin IndustriesLtd's EBIT is ¥392.1B making its interest coverage ratio 16.5. It has cash and short-term investments of ¥738.0B.
Key information
30.2%
Debt to equity ratio
JP¥811.99b
Debt
Interest coverage ratio | 16.5x |
Cash | JP¥737.96b |
Equity | JP¥2.69t |
Total liabilities | JP¥2.19t |
Total assets | JP¥4.88t |
Recent financial health updates
Recent updates
Is Daikin Industries,Ltd. (TSE:6367) Potentially Undervalued?
Jun 19Is Daikin IndustriesLtd (TSE:6367) A Risky Investment?
Jun 03Daikin IndustriesLtd's (TSE:6367) Profits Appear To Have Quality Issues
May 21Daikin Industries,Ltd. (TSE:6367) Yearly Results Just Came Out: Here's What Analysts Are Forecasting For This Year
May 12Daikin Industries,Ltd.'s (TSE:6367) Business Is Trailing The Market But Its Shares Aren't
Apr 20Daikin IndustriesLtd's (TSE:6367) Dividend Will Be ¥120.00
Mar 12Daikin IndustriesLtd (TSE:6367) Is Due To Pay A Dividend Of ¥120.00
Feb 27Financial Position Analysis
Short Term Liabilities: 6367's short term assets (¥2,726.6B) exceed its short term liabilities (¥1,567.0B).
Long Term Liabilities: 6367's short term assets (¥2,726.6B) exceed its long term liabilities (¥625.9B).
Debt to Equity History and Analysis
Debt Level: 6367's net debt to equity ratio (2.8%) is considered satisfactory.
Reducing Debt: 6367's debt to equity ratio has reduced from 39.7% to 30.2% over the past 5 years.
Debt Coverage: 6367's debt is well covered by operating cash flow (49.2%).
Interest Coverage: 6367's interest payments on its debt are well covered by EBIT (16.5x coverage).