Daitron Balance Sheet Health
Financial Health criteria checks 6/6
Daitron has a total shareholder equity of ¥29.5B and total debt of ¥439.0M, which brings its debt-to-equity ratio to 1.5%. Its total assets and total liabilities are ¥67.8B and ¥38.3B respectively. Daitron's EBIT is ¥5.9B making its interest coverage ratio -424.6. It has cash and short-term investments of ¥11.2B.
Key information
1.5%
Debt to equity ratio
JP¥439.00m
Debt
Interest coverage ratio | -424.6x |
Cash | JP¥11.24b |
Equity | JP¥29.45b |
Total liabilities | JP¥38.34b |
Total assets | JP¥67.79b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 7609's short term assets (¥60.1B) exceed its short term liabilities (¥34.7B).
Long Term Liabilities: 7609's short term assets (¥60.1B) exceed its long term liabilities (¥3.7B).
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 3.9% to 1.5% over the past 5 years.
Debt Coverage: 7609's debt is well covered by operating cash flow (71.8%).
Interest Coverage: 7609 earns more interest than it pays, so coverage of interest payments is not a concern.