Di-Nikko Engineering Balance Sheet Health
Financial Health criteria checks 4/6
Di-Nikko Engineering has a total shareholder equity of ¥7.4B and total debt of ¥13.3B, which brings its debt-to-equity ratio to 178.5%. Its total assets and total liabilities are ¥30.2B and ¥22.8B respectively. Di-Nikko Engineering's EBIT is ¥672.0M making its interest coverage ratio 4.8. It has cash and short-term investments of ¥3.3B.
Key information
178.5%
Debt to equity ratio
JP¥13.28b
Debt
| Interest coverage ratio | 4.8x |
| Cash | JP¥3.33b |
| Equity | JP¥7.44b |
| Total liabilities | JP¥22.76b |
| Total assets | JP¥30.19b |
Recent financial health updates
Is Di-Nikko Engineering (TSE:6635) Using Too Much Debt?
Mar 01
Di-Nikko Engineering (TYO:6635) Has A Somewhat Strained Balance Sheet
Apr 27Is Di-Nikko Engineering (TYO:6635) A Risky Investment?
Dec 21
Recent updates
Di-Nikko Engineering Co., Ltd. (TSE:6635) Shares Fly 26% But Investors Aren't Buying For Growth
Jun 12Di-Nikko Engineering Co., Ltd.'s (TSE:6635) Price Is Right But Growth Is Lacking After Shares Rocket 27%
Mar 17Is Di-Nikko Engineering (TSE:6635) Using Too Much Debt?
Mar 01Di-Nikko Engineering (TYO:6635) Has A Somewhat Strained Balance Sheet
Apr 27Di-Nikko Engineering (TYO:6635) Might Have The Makings Of A Multi-Bagger
Mar 30Should You Buy Di-Nikko Engineering Co., Ltd. (TYO:6635) For Its Dividend?
Mar 09Di-Nikko Engineering Co., Ltd. (TYO:6635) Stock's 25% Dive Might Signal An Opportunity But It Requires Some Scrutiny
Feb 15A Closer Look At Di-Nikko Engineering Co., Ltd.'s (TYO:6635) Impressive ROE
Jan 18Is Di-Nikko Engineering (TYO:6635) A Risky Investment?
Dec 21Is Di-Nikko Engineering Co., Ltd. (TYO:6635) A Smart Pick For Income Investors?
Nov 22Financial Position Analysis
Short Term Liabilities: 6635's short term assets (¥24.1B) exceed its short term liabilities (¥17.0B).
Long Term Liabilities: 6635's short term assets (¥24.1B) exceed its long term liabilities (¥5.7B).
Debt to Equity History and Analysis
Debt Level: 6635's net debt to equity ratio (133.8%) is considered high.
Reducing Debt: 6635's debt to equity ratio has reduced from 415.5% to 178.5% over the past 5 years.
Debt Coverage: 6635's debt is not well covered by operating cash flow (7.4%).
Interest Coverage: 6635's interest payments on its debt are well covered by EBIT (4.8x coverage).