Daiken Medical Balance Sheet Health
Financial Health criteria checks 6/6
Daiken Medical has a total shareholder equity of ¥7.0B and total debt of ¥2.1B, which brings its debt-to-equity ratio to 30.3%. Its total assets and total liabilities are ¥11.0B and ¥4.0B respectively. Daiken Medical's EBIT is ¥1.4B making its interest coverage ratio 360.8. It has cash and short-term investments of ¥2.7B.
Key information
30.3%
Debt to equity ratio
JP¥2.13b
Debt
Interest coverage ratio | 360.8x |
Cash | JP¥2.74b |
Equity | JP¥7.02b |
Total liabilities | JP¥3.98b |
Total assets | JP¥11.01b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 7775's short term assets (¥6.7B) exceed its short term liabilities (¥3.3B).
Long Term Liabilities: 7775's short term assets (¥6.7B) exceed its long term liabilities (¥645.0M).
Debt to Equity History and Analysis
Debt Level: 7775 has more cash than its total debt.
Reducing Debt: 7775's debt to equity ratio has reduced from 59.3% to 30.3% over the past 5 years.
Debt Coverage: 7775's debt is well covered by operating cash flow (73.1%).
Interest Coverage: 7775's interest payments on its debt are well covered by EBIT (360.8x coverage).