Dainichi Balance Sheet Health
Financial Health criteria checks 6/6
Dainichi has a total shareholder equity of ¥26.8B and total debt of ¥0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are ¥29.6B and ¥2.7B respectively. Dainichi's EBIT is ¥716.0M making its interest coverage ratio -8.1. It has cash and short-term investments of ¥5.2B.
Key information
0%
Debt to equity ratio
JP¥0
Debt
| Interest coverage ratio | -8.1x |
| Cash | JP¥5.21b |
| Equity | JP¥26.85b |
| Total liabilities | JP¥2.71b |
| Total assets | JP¥29.56b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 5951's short term assets (¥18.8B) exceed its short term liabilities (¥1.9B).
Long Term Liabilities: 5951's short term assets (¥18.8B) exceed its long term liabilities (¥831.0M).
Debt to Equity History and Analysis
Debt Level: 5951 is debt free.
Reducing Debt: 5951 has no debt compared to 5 years ago when its debt to equity ratio was 3.9%.
Debt Coverage: 5951 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 5951 has no debt, therefore coverage of interest payments is not a concern.