Daiko Denshi Tsushin Balance Sheet Health
Financial Health criteria checks 6/6
Daiko Denshi Tsushin has a total shareholder equity of ¥11.6B and total debt of ¥2.1B, which brings its debt-to-equity ratio to 17.9%. Its total assets and total liabilities are ¥26.7B and ¥15.0B respectively. Daiko Denshi Tsushin's EBIT is ¥3.0B making its interest coverage ratio -53.1. It has cash and short-term investments of ¥11.5B.
Key information
17.9%
Debt to equity ratio
JP¥2.08b
Debt
| Interest coverage ratio | -53.1x |
| Cash | JP¥11.48b |
| Equity | JP¥11.61b |
| Total liabilities | JP¥15.04b |
| Total assets | JP¥26.65b |
Financial Position Analysis
Short Term Liabilities: 8023's short term assets (¥21.0B) exceed its short term liabilities (¥10.4B).
Long Term Liabilities: 8023's short term assets (¥21.0B) exceed its long term liabilities (¥4.6B).
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 58.2% to 17.9% over the past 5 years.
Debt Coverage: 8023's debt is well covered by operating cash flow (198.3%).
Interest Coverage: 8023 earns more interest than it pays, so coverage of interest payments is not a concern.