DIC Balance Sheet Health
Financial Health criteria checks 3/6
DIC has a total shareholder equity of ¥490.8B and total debt of ¥440.2B, which brings its debt-to-equity ratio to 89.7%. Its total assets and total liabilities are ¥1,274.1B and ¥783.2B respectively. DIC's EBIT is ¥52.2B making its interest coverage ratio 16. It has cash and short-term investments of ¥68.9B.
Key information
89.67%
Debt to equity ratio
JP¥440.16b
Debt
| Interest coverage ratio | 16x |
| Cash | JP¥68.91b |
| Equity | JP¥490.84b |
| Total liabilities | JP¥783.25b |
| Total assets | JP¥1.27t |
Recent financial health updates
These 4 Measures Indicate That DIC (TSE:4631) Is Using Debt Extensively
Mar 31
Does DIC (TSE:4631) Have A Healthy Balance Sheet?
Oct 18DIC (TSE:4631) Use Of Debt Could Be Considered Risky
Jul 15Recent updates
DIC Corporation (TSE:4631) Just Reported And Analysts Have Been Lifting Their Price Targets
Mar 27DIC (TSE:4631) Has More To Do To Multiply In Value Going Forward
Sep 02DIC (TSE:4631) Strong Profits May Be Masking Some Underlying Issues
Aug 16DIC Corporation (TSE:4631) Shares Could Be 49% Below Their Intrinsic Value Estimate
Jul 14DIC Corporation's (TSE:4631) Share Price Matching Investor Opinion
May 15Some Investors May Be Worried About DIC's (TSE:4631) Returns On Capital
Apr 23These 4 Measures Indicate That DIC (TSE:4631) Is Using Debt Extensively
Mar 31The Price Is Right For DIC Corporation (TSE:4631)
Feb 03Does DIC (TSE:4631) Have A Healthy Balance Sheet?
Oct 18DIC (TSE:4631) May Have Issues Allocating Its Capital
Sep 24DIC Corporation (TSE:4631) Stock Rockets 28% As Investors Are Less Pessimistic Than Expected
Sep 04DIC Corporation's (TSE:4631) Intrinsic Value Is Potentially 23% Below Its Share Price
Aug 30DIC (TSE:4631) Use Of Debt Could Be Considered Risky
Jul 15DIC's (TSE:4631) Dividend Will Be ¥50.00
Jun 24DIC Corporation's (TSE:4631) Share Price Could Signal Some Risk
Jun 21DIC (TSE:4631) Has Affirmed Its Dividend Of ¥50.00
May 22DIC (TSE:4631) Will Pay A Dividend Of ¥50.00
Apr 26DIC (TSE:4631) Will Pay A Dividend Of ¥50.00
Apr 11Here's What's Concerning About DIC's (TSE:4631) Returns On Capital
Apr 02Financial Position Analysis
Short Term Liabilities: 4631's short term assets (¥627.6B) exceed its short term liabilities (¥386.5B).
Long Term Liabilities: 4631's short term assets (¥627.6B) exceed its long term liabilities (¥396.7B).
Debt to Equity History and Analysis
Debt Level: 4631's net debt to equity ratio (75.6%) is considered high.
Reducing Debt: 4631's debt to equity ratio has increased from 74.3% to 89.7% over the past 5 years.
Debt Coverage: 4631's debt is not well covered by operating cash flow (16.6%).
Interest Coverage: 4631's interest payments on its debt are well covered by EBIT (16x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/04/16 13:59 |
| End of Day Share Price | 2026/04/16 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
DIC Corporation is covered by 13 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Takao Kanai | Citigroup Inc |
| Shinobu Takeuchi | Daiwa Securities Co. Ltd. |
| Takato Watabe | Deutsche Bank |