Daiko Denshi Tsushin Balance Sheet Health
Financial Health criteria checks 6/6
Daiko Denshi Tsushin has a total shareholder equity of ¥10.7B and total debt of ¥2.1B, which brings its debt-to-equity ratio to 19.5%. Its total assets and total liabilities are ¥25.7B and ¥15.0B respectively. Daiko Denshi Tsushin's EBIT is ¥3.1B making its interest coverage ratio -66.3. It has cash and short-term investments of ¥8.7B.
Key information
19.5%
Debt to equity ratio
JP¥2.09b
Debt
| Interest coverage ratio | -66.3x |
| Cash | JP¥8.68b |
| Equity | JP¥10.71b |
| Total liabilities | JP¥14.98b |
| Total assets | JP¥25.69b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 8023's short term assets (¥19.4B) exceed its short term liabilities (¥10.0B).
Long Term Liabilities: 8023's short term assets (¥19.4B) exceed its long term liabilities (¥5.0B).
Debt to Equity History and Analysis
Debt Level: 8023 has more cash than its total debt.
Reducing Debt: 8023's debt to equity ratio has reduced from 74.1% to 19.5% over the past 5 years.
Debt Coverage: 8023's debt is well covered by operating cash flow (80%).
Interest Coverage: 8023 earns more interest than it pays, so coverage of interest payments is not a concern.