Daishin ChemicalLtd Balance Sheet Health
Financial Health criteria checks 5/6
Daishin ChemicalLtd has a total shareholder equity of ¥16.1B and total debt of ¥120.0M, which brings its debt-to-equity ratio to 0.7%. Its total assets and total liabilities are ¥25.6B and ¥9.5B respectively. Daishin ChemicalLtd's EBIT is ¥699.0M making its interest coverage ratio -38.8. It has cash and short-term investments of ¥6.9B.
Key information
0.7%
Debt to equity ratio
JP¥120.00m
Debt
| Interest coverage ratio | -38.8x |
| Cash | JP¥6.91b |
| Equity | JP¥16.06b |
| Total liabilities | JP¥9.51b |
| Total assets | JP¥25.57b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 4629's short term assets (¥19.9B) exceed its short term liabilities (¥9.3B).
Long Term Liabilities: 4629's short term assets (¥19.9B) exceed its long term liabilities (¥166.0M).
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 (2151.7%).
Interest Coverage: 4629 earns more interest than it pays, so coverage of interest payments is not a concern.