Daido Kogyo Balance Sheet Health
Financial Health criteria checks 3/6
Daido Kogyo has a total shareholder equity of ¥35.3B and total debt of ¥24.6B, which brings its debt-to-equity ratio to 69.7%. Its total assets and total liabilities are ¥77.6B and ¥42.3B respectively. Daido Kogyo's EBIT is ¥413.0M making its interest coverage ratio -2. It has cash and short-term investments of ¥6.6B.
Key information
69.7%
Debt to equity ratio
JP¥24.61b
Debt
Interest coverage ratio | -2x |
Cash | JP¥6.64b |
Equity | JP¥35.31b |
Total liabilities | JP¥42.29b |
Total assets | JP¥77.60b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6373's short term assets (¥36.4B) exceed its short term liabilities (¥16.9B).
Long Term Liabilities: 6373's short term assets (¥36.4B) exceed its long term liabilities (¥25.4B).
Debt to Equity History and Analysis
Debt Level: 6373's net debt to equity ratio (50.9%) is considered high.
Reducing Debt: 6373's debt to equity ratio has increased from 56.7% to 69.7% over the past 5 years.
Debt Coverage: 6373's debt is not well covered by operating cash flow (9.4%).
Interest Coverage: 6373 earns more interest than it pays, so coverage of interest payments is not a concern.