Daiken Balance Sheet Health
Financial Health criteria checks 6/6
Daiken has a total shareholder equity of ¥98.2B and total debt of ¥29.3B, which brings its debt-to-equity ratio to 29.9%. Its total assets and total liabilities are ¥193.8B and ¥95.6B respectively. Daiken's EBIT is ¥2.1B making its interest coverage ratio -3.3. It has cash and short-term investments of ¥21.2B.
Key information
29.9%
Debt to equity ratio
JP¥29.30b
Debt
Interest coverage ratio | -3.3x |
Cash | JP¥21.16b |
Equity | JP¥98.17b |
Total liabilities | JP¥95.64b |
Total assets | JP¥193.81b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 7905's short term assets (¥110.1B) exceed its short term liabilities (¥84.2B).
Long Term Liabilities: 7905's short term assets (¥110.1B) exceed its long term liabilities (¥11.4B).
Debt to Equity History and Analysis
Debt Level: 7905's net debt to equity ratio (8.3%) is considered satisfactory.
Reducing Debt: 7905's debt to equity ratio has reduced from 48% to 29.9% over the past 5 years.
Debt Coverage: 7905's debt is well covered by operating cash flow (22.8%).
Interest Coverage: 7905 earns more interest than it pays, so coverage of interest payments is not a concern.