Dainichiseika Color & Chemicals Mfg Balance Sheet Health
Financial Health criteria checks 6/6
Dainichiseika Color & Chemicals Mfg has a total shareholder equity of ¥119.2B and total debt of ¥24.9B, which brings its debt-to-equity ratio to 20.9%. Its total assets and total liabilities are ¥194.9B and ¥75.7B respectively. Dainichiseika Color & Chemicals Mfg's EBIT is ¥4.5B making its interest coverage ratio -7.8. It has cash and short-term investments of ¥23.6B.
Key information
20.9%
Debt to equity ratio
JP¥24.94b
Debt
Interest coverage ratio | -7.8x |
Cash | JP¥23.58b |
Equity | JP¥119.16b |
Total liabilities | JP¥75.69b |
Total assets | JP¥194.85b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 4116's short term assets (¥109.6B) exceed its short term liabilities (¥56.1B).
Long Term Liabilities: 4116's short term assets (¥109.6B) exceed its long term liabilities (¥19.6B).
Debt to Equity History and Analysis
Debt Level: 4116's net debt to equity ratio (1.1%) is considered satisfactory.
Reducing Debt: 4116's debt to equity ratio has reduced from 43.8% to 20.9% over the past 5 years.
Debt Coverage: 4116's debt is well covered by operating cash flow (36.2%).
Interest Coverage: 4116 earns more interest than it pays, so coverage of interest payments is not a concern.