Daiichi Jitsugyo Balance Sheet Health
Financial Health criteria checks 5/6
Daiichi Jitsugyo has a total shareholder equity of ¥74.1B and total debt of ¥3.5B, which brings its debt-to-equity ratio to 4.7%. Its total assets and total liabilities are ¥193.0B and ¥118.8B respectively. Daiichi Jitsugyo's EBIT is ¥10.5B making its interest coverage ratio -15.6. It has cash and short-term investments of ¥39.7B.
Key information
4.7%
Debt to equity ratio
JP¥3.46b
Debt
| Interest coverage ratio | -15.6x |
| Cash | JP¥39.66b |
| Equity | JP¥74.14b |
| Total liabilities | JP¥118.83b |
| Total assets | JP¥192.97b |
Recent financial health updates
No updates
Recent updates
Market Might Still Lack Some Conviction On Daiichi Jitsugyo Co., Ltd. (TSE:8059) Even After 26% Share Price Boost
Sep 04
Daiichi Jitsugyo (TSE:8059) Has Announced That Its Dividend Will Be Reduced To ¥36.00
Aug 20Daiichi Jitsugyo (TSE:8059) Will Pay A Smaller Dividend Than Last Year
Aug 06Daiichi Jitsugyo's (TSE:8059) Shareholders May Want To Dig Deeper Than Statutory Profit
May 21Why Investors Shouldn't Be Surprised By Daiichi Jitsugyo Co., Ltd.'s (TSE:8059) Low P/E
May 01Financial Position Analysis
Short Term Liabilities: 8059's short term assets (¥171.3B) exceed its short term liabilities (¥114.9B).
Long Term Liabilities: 8059's short term assets (¥171.3B) exceed its long term liabilities (¥3.9B).
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 17.6% to 4.7% over the past 5 years.
Debt Coverage: 8059's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 8059 earns more interest than it pays, so coverage of interest payments is not a concern.