Daedong Gear Balance Sheet Health
Financial Health criteria checks 2/6
Daedong Gear has a total shareholder equity of ₩86.6B and total debt of ₩83.0B, which brings its debt-to-equity ratio to 95.9%. Its total assets and total liabilities are ₩270.3B and ₩183.7B respectively. Daedong Gear's EBIT is ₩7.3B making its interest coverage ratio 1.9. It has cash and short-term investments of ₩1.1B.
Key information
95.9%
Debt to equity ratio
₩82.98b
Debt
| Interest coverage ratio | 1.9x |
| Cash | ₩1.10b |
| Equity | ₩86.55b |
| Total liabilities | ₩183.70b |
| Total assets | ₩270.25b |
Recent financial health updates
These 4 Measures Indicate That Daedong Gear (KOSDAQ:008830) Is Using Debt In A Risky Way
Nov 21
Here's Why Daedong Gear (KOSDAQ:008830) Has A Meaningful Debt Burden
Mar 23Daedong Gear (KOSDAQ:008830) Takes On Some Risk With Its Use Of Debt
Apr 29Is Daedong Gear (KOSDAQ:008830) A Risky Investment?
Jan 24
Recent updates
There's Reason For Concern Over Daedong Gear Co., Ltd.'s (KOSDAQ:008830) Massive 50% Price Jump
Nov 21These 4 Measures Indicate That Daedong Gear (KOSDAQ:008830) Is Using Debt In A Risky Way
Nov 21Daedong Gear Co., Ltd.'s (KOSDAQ:008830) Business Is Trailing The Market But Its Shares Aren't
Jul 13There's Reason For Concern Over Daedong Gear Co., Ltd.'s (KOSDAQ:008830) Massive 27% Price Jump
Mar 24Here's Why Daedong Gear (KOSDAQ:008830) Has A Meaningful Debt Burden
Mar 23Daedong Gear (KOSDAQ:008830) Takes On Some Risk With Its Use Of Debt
Apr 29What Do The Returns At Daedong Gear (KOSDAQ:008830) Mean Going Forward?
Mar 02Is Daedong Gear (KOSDAQ:008830) A Risky Investment?
Jan 24Financial Position Analysis
Short Term Liabilities: A008830's short term assets (₩126.9B) do not cover its short term liabilities (₩147.5B).
Long Term Liabilities: A008830's short term assets (₩126.9B) exceed its long term liabilities (₩36.2B).
Debt to Equity History and Analysis
Debt Level: A008830's net debt to equity ratio (94.6%) is considered high.
Reducing Debt: A008830's debt to equity ratio has reduced from 103.5% to 95.9% over the past 5 years.
Debt Coverage: A008830's debt is not well covered by operating cash flow (8.1%).
Interest Coverage: A008830's interest payments on its debt are not well covered by EBIT (1.9x coverage).