Daido Signal Balance Sheet Health
Financial Health criteria checks 5/6
Daido Signal has a total shareholder equity of ¥27.4B and total debt of ¥4.6B, which brings its debt-to-equity ratio to 16.9%. Its total assets and total liabilities are ¥42.8B and ¥15.4B respectively. Daido Signal's EBIT is ¥631.0M making its interest coverage ratio -10.5. It has cash and short-term investments of ¥4.6B.
Key information
16.9%
Debt to equity ratio
JP¥4.63b
Debt
Interest coverage ratio | -10.5x |
Cash | JP¥4.59b |
Equity | JP¥27.38b |
Total liabilities | JP¥15.40b |
Total assets | JP¥42.77b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6743's short term assets (¥25.6B) exceed its short term liabilities (¥9.9B).
Long Term Liabilities: 6743's short term assets (¥25.6B) exceed its long term liabilities (¥5.5B).
Debt to Equity History and Analysis
Debt Level: 6743's net debt to equity ratio (0.1%) is considered satisfactory.
Reducing Debt: 6743's debt to equity ratio has reduced from 17.5% to 16.9% over the past 5 years.
Debt Coverage: 6743's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 6743 earns more interest than it pays, so coverage of interest payments is not a concern.