Daishin ChemicalLtd Balance Sheet Health
Financial Health criteria checks 5/6
Daishin ChemicalLtd has a total shareholder equity of ¥15.7B and total debt of ¥300.0M, which brings its debt-to-equity ratio to 1.9%. Its total assets and total liabilities are ¥24.8B and ¥9.0B respectively. Daishin ChemicalLtd's EBIT is ¥842.0M making its interest coverage ratio -42.1. It has cash and short-term investments of ¥5.2B.
Key information
1.9%
Debt to equity ratio
JP¥300.00m
Debt
Interest coverage ratio | -42.1x |
Cash | JP¥5.16b |
Equity | JP¥15.73b |
Total liabilities | JP¥9.04b |
Total assets | JP¥24.77b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 4629's short term assets (¥19.1B) exceed its short term liabilities (¥8.9B).
Long Term Liabilities: 4629's short term assets (¥19.1B) exceed its long term liabilities (¥192.0M).
Debt to Equity History and Analysis
Debt Level: 4629 has more cash than its total debt.
Reducing Debt: Insufficient data to determine if 4629's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 4629's debt is well covered by operating cash flow (599.3%).
Interest Coverage: 4629 earns more interest than it pays, so coverage of interest payments is not a concern.