Daiki Aluminium Industry Balance Sheet Health
Financial Health criteria checks 4/6
Daiki Aluminium Industry has a total shareholder equity of ¥71.3B and total debt of ¥51.4B, which brings its debt-to-equity ratio to 72%. Its total assets and total liabilities are ¥143.6B and ¥72.3B respectively. Daiki Aluminium Industry's EBIT is ¥5.3B making its interest coverage ratio 6. It has cash and short-term investments of ¥6.0B.
Key information
72.0%
Debt to equity ratio
JP¥51.39b
Debt
Interest coverage ratio | 6x |
Cash | JP¥5.97b |
Equity | JP¥71.34b |
Total liabilities | JP¥72.28b |
Total assets | JP¥143.62b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 5702's short term assets (¥111.5B) exceed its short term liabilities (¥62.0B).
Long Term Liabilities: 5702's short term assets (¥111.5B) exceed its long term liabilities (¥10.3B).
Debt to Equity History and Analysis
Debt Level: 5702's net debt to equity ratio (63.7%) is considered high.
Reducing Debt: 5702's debt to equity ratio has reduced from 146.1% to 72% over the past 5 years.
Debt Coverage: 5702's debt is not well covered by operating cash flow (7.1%).
Interest Coverage: 5702's interest payments on its debt are well covered by EBIT (6x coverage).