Daiwa House REIT Investment Balance Sheet Health
Financial Health criteria checks 2/6
Daiwa House REIT Investment has a total shareholder equity of ¥515.5B and total debt of ¥409.6B, which brings its debt-to-equity ratio to 79.5%. Its total assets and total liabilities are ¥957.8B and ¥442.3B respectively. Daiwa House REIT Investment's EBIT is ¥25.6B making its interest coverage ratio 9. It has cash and short-term investments of ¥32.2B.
Key information
79.5%
Debt to equity ratio
JP¥409.64b
Debt
Interest coverage ratio | 9x |
Cash | JP¥32.16b |
Equity | JP¥515.50b |
Total liabilities | JP¥442.25b |
Total assets | JP¥957.75b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 8984's short term assets (¥52.5B) exceed its short term liabilities (¥51.8B).
Long Term Liabilities: 8984's short term assets (¥52.5B) do not cover its long term liabilities (¥390.4B).
Debt to Equity History and Analysis
Debt Level: 8984's net debt to equity ratio (73.2%) is considered high.
Reducing Debt: 8984's debt to equity ratio has increased from 74.4% to 79.5% over the past 5 years.
Debt Coverage: 8984's debt is not well covered by operating cash flow (9.3%).
Interest Coverage: 8984's interest payments on its debt are well covered by EBIT (9x coverage).