Daiichi Jitsugyo Balance Sheet Health
Financial Health criteria checks 6/6
Daiichi Jitsugyo has a total shareholder equity of ¥68.7B and total debt of ¥3.4B, which brings its debt-to-equity ratio to 4.9%. Its total assets and total liabilities are ¥182.5B and ¥113.8B respectively. Daiichi Jitsugyo's EBIT is ¥6.8B making its interest coverage ratio -12.3. It has cash and short-term investments of ¥30.2B.
Key information
4.9%
Debt to equity ratio
JP¥3.37b
Debt
| Interest coverage ratio | -12.3x |
| Cash | JP¥30.19b |
| Equity | JP¥68.74b |
| Total liabilities | JP¥113.76b |
| Total assets | JP¥182.51b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 8059's short term assets (¥162.4B) exceed its short term liabilities (¥110.4B).
Long Term Liabilities: 8059's short term assets (¥162.4B) exceed its long term liabilities (¥3.3B).
Debt to Equity History and Analysis
Debt Level: 8059 has more cash than its total debt.
Reducing Debt: 8059's debt to equity ratio has reduced from 17.7% to 4.9% over the past 5 years.
Debt Coverage: 8059's debt is well covered by operating cash flow (188.6%).
Interest Coverage: 8059 earns more interest than it pays, so coverage of interest payments is not a concern.