Daicel Balance Sheet Health
Financial Health criteria checks 4/6
Daicel has a total shareholder equity of ¥342.9B and total debt of ¥318.7B, which brings its debt-to-equity ratio to 92.9%. Its total assets and total liabilities are ¥805.2B and ¥462.3B respectively. Daicel's EBIT is ¥55.4B making its interest coverage ratio -18.4. It has cash and short-term investments of ¥89.3B.
Key information
92.9%
Debt to equity ratio
JP¥318.70b
Debt
Interest coverage ratio | -18.4x |
Cash | JP¥89.28b |
Equity | JP¥342.93b |
Total liabilities | JP¥462.31b |
Total assets | JP¥805.24b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 4202's short term assets (¥410.7B) exceed its short term liabilities (¥214.4B).
Long Term Liabilities: 4202's short term assets (¥410.7B) exceed its long term liabilities (¥247.9B).
Debt to Equity History and Analysis
Debt Level: 4202's net debt to equity ratio (66.9%) is considered high.
Reducing Debt: 4202's debt to equity ratio has increased from 21.9% to 92.9% over the past 5 years.
Debt Coverage: 4202's debt is well covered by operating cash flow (21.4%).
Interest Coverage: 4202 earns more interest than it pays, so coverage of interest payments is not a concern.