DaireiLtd Balance Sheet Health
Financial Health criteria checks 5/6
DaireiLtd has a total shareholder equity of ¥9.6B and total debt of ¥300.0M, which brings its debt-to-equity ratio to 3.1%. Its total assets and total liabilities are ¥13.1B and ¥3.4B respectively. DaireiLtd's EBIT is ¥925.0M making its interest coverage ratio 925. It has cash and short-term investments of ¥3.0B.
Key information
3.1%
Debt to equity ratio
JP¥300.00m
Debt
| Interest coverage ratio | 925x |
| Cash | JP¥3.04b |
| Equity | JP¥9.62b |
| Total liabilities | JP¥3.44b |
| Total assets | JP¥13.06b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 2883's short term assets (¥11.8B) exceed its short term liabilities (¥3.0B).
Long Term Liabilities: 2883's short term assets (¥11.8B) exceed its long term liabilities (¥404.0M).
Debt to Equity History and Analysis
Debt Level: 2883 has more cash than its total debt.
Reducing Debt: 2883's debt to equity ratio has increased from 0% to 3.1% over the past 5 years.
Debt Coverage: 2883's debt is well covered by operating cash flow (197%).
Interest Coverage: 2883's interest payments on its debt are well covered by EBIT (925x coverage).