Daido Kogyo Balance Sheet Health
Financial Health criteria checks 3/6
Daido Kogyo has a total shareholder equity of ¥36.8B and total debt of ¥24.5B, which brings its debt-to-equity ratio to 66.6%. Its total assets and total liabilities are ¥80.2B and ¥43.4B respectively. Daido Kogyo's EBIT is ¥94.0M making its interest coverage ratio -0.4. It has cash and short-term investments of ¥9.1B.
Key information
66.6%
Debt to equity ratio
JP¥24.51b
Debt
| Interest coverage ratio | -0.4x |
| Cash | JP¥9.08b |
| Equity | JP¥36.78b |
| Total liabilities | JP¥43.38b |
| Total assets | JP¥80.16b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 6373's short term assets (¥37.8B) exceed its short term liabilities (¥18.4B).
Long Term Liabilities: 6373's short term assets (¥37.8B) exceed its long term liabilities (¥25.0B).
Debt to Equity History and Analysis
Debt Level: 6373's net debt to equity ratio (41.9%) is considered high.
Reducing Debt: 6373's debt to equity ratio has increased from 59.5% to 66.6% over the past 5 years.
Debt Coverage: 6373's debt is not well covered by operating cash flow (11.4%).
Interest Coverage: 6373 earns more interest than it pays, so coverage of interest payments is not a concern.