DaikokutenbussanLtd Balance Sheet Health
Financial Health criteria checks 5/6
DaikokutenbussanLtd has a total shareholder equity of ¥53.4B and total debt of ¥13.1B, which brings its debt-to-equity ratio to 24.5%. Its total assets and total liabilities are ¥96.9B and ¥43.5B respectively. DaikokutenbussanLtd's EBIT is ¥8.4B making its interest coverage ratio -4191. It has cash and short-term investments of ¥9.8B.
Key information
24.5%
Debt to equity ratio
JP¥13.09b
Debt
| Interest coverage ratio | -4191x |
| Cash | JP¥9.84b |
| Equity | JP¥53.37b |
| Total liabilities | JP¥43.48b |
| Total assets | JP¥96.86b |
Financial Position Analysis
Short Term Liabilities: 2791's short term assets (¥22.6B) do not cover its short term liabilities (¥29.7B).
Long Term Liabilities: 2791's short term assets (¥22.6B) exceed its long term liabilities (¥13.8B).
Debt to Equity History and Analysis
Debt Level: 2791's net debt to equity ratio (6.1%) is considered satisfactory.
Reducing Debt: 2791's debt to equity ratio has reduced from 49.2% to 24.5% over the past 5 years.
Debt Coverage: 2791's debt is well covered by operating cash flow (121.3%).
Interest Coverage: 2791 earns more interest than it pays, so coverage of interest payments is not a concern.