Daitron Balance Sheet Health
Financial Health criteria checks 6/6
Daitron has a total shareholder equity of ¥30.8B and total debt of ¥429.0M, which brings its debt-to-equity ratio to 1.4%. Its total assets and total liabilities are ¥71.7B and ¥40.9B respectively. Daitron's EBIT is ¥5.1B making its interest coverage ratio -389.4. It has cash and short-term investments of ¥18.2B.
Key information
1.4%
Debt to equity ratio
JP¥429.00m
Debt
| Interest coverage ratio | -389.4x |
| Cash | JP¥18.25b |
| Equity | JP¥30.78b |
| Total liabilities | JP¥40.92b |
| Total assets | JP¥71.70b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 7609's short term assets (¥63.8B) exceed its short term liabilities (¥37.2B).
Long Term Liabilities: 7609's short term assets (¥63.8B) exceed its long term liabilities (¥3.8B).
Debt to Equity History and Analysis
Debt Level: 7609 has more cash than its total debt.
Reducing Debt: 7609's debt to equity ratio has reduced from 3.7% to 1.4% over the past 5 years.
Debt Coverage: 7609's debt is well covered by operating cash flow (1628%).
Interest Coverage: 7609 earns more interest than it pays, so coverage of interest payments is not a concern.