Daikoku Denki Balance Sheet Health
Financial Health criteria checks 6/6
Daikoku Denki has a total shareholder equity of ¥45.5B and total debt of ¥0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are ¥63.1B and ¥17.6B respectively. Daikoku Denki's EBIT is ¥13.2B making its interest coverage ratio -1056.5. It has cash and short-term investments of ¥22.0B.
Key information
0%
Debt to equity ratio
JP¥0
Debt
| Interest coverage ratio | -1056.5x |
| Cash | JP¥21.97b |
| Equity | JP¥45.50b |
| Total liabilities | JP¥17.61b |
| Total assets | JP¥63.11b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 6430's short term assets (¥45.8B) exceed its short term liabilities (¥16.6B).
Long Term Liabilities: 6430's short term assets (¥45.8B) exceed its long term liabilities (¥1.0B).
Debt to Equity History and Analysis
Debt Level: 6430 is debt free.
Reducing Debt: 6430 has no debt compared to 5 years ago when its debt to equity ratio was 10.9%.
Debt Coverage: 6430 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 6430 has no debt, therefore coverage of interest payments is not a concern.