Daitobo Balance Sheet Health
Financial Health criteria checks 2/6
Daitobo has a total shareholder equity of ¥4.9B and total debt of ¥9.8B, which brings its debt-to-equity ratio to 200.1%. Its total assets and total liabilities are ¥20.0B and ¥15.1B respectively. Daitobo's EBIT is ¥348.0M making its interest coverage ratio 1.8. It has cash and short-term investments of ¥930.0M.
Key information
200.1%
Debt to equity ratio
JP¥9.84b
Debt
| Interest coverage ratio | 1.8x |
| Cash | JP¥930.00m |
| Equity | JP¥4.92b |
| Total liabilities | JP¥15.06b |
| Total assets | JP¥19.98b |
Financial Position Analysis
Short Term Liabilities: 3202's short term assets (¥2.3B) exceed its short term liabilities (¥1.6B).
Long Term Liabilities: 3202's short term assets (¥2.3B) do not cover its long term liabilities (¥13.5B).
Debt to Equity History and Analysis
Debt Level: 3202's net debt to equity ratio (181.2%) is considered high.
Reducing Debt: 3202's debt to equity ratio has reduced from 278.1% to 200.1% over the past 5 years.
Debt Coverage: 3202's debt is not well covered by operating cash flow (4.8%).
Interest Coverage: 3202's interest payments on its debt are not well covered by EBIT (1.8x coverage).