Daedong Gear Balance Sheet Health
Financial Health criteria checks 2/6
Daedong Gear has a total shareholder equity of ₩86.1B and total debt of ₩81.8B, which brings its debt-to-equity ratio to 95%. Its total assets and total liabilities are ₩254.4B and ₩168.3B respectively. Daedong Gear's EBIT is ₩8.2B making its interest coverage ratio 2. It has cash and short-term investments of ₩2.0B.
Key information
95.0%
Debt to equity ratio
₩81.78b
Debt
Interest coverage ratio | 2x |
Cash | ₩2.03b |
Equity | ₩86.06b |
Total liabilities | ₩168.35b |
Total assets | ₩254.41b |
Recent financial health updates
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 24Recent updates
There'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 (₩111.2B) do not cover its short term liabilities (₩132.2B).
Long Term Liabilities: A008830's short term assets (₩111.2B) exceed its long term liabilities (₩36.2B).
Debt to Equity History and Analysis
Debt Level: A008830's net debt to equity ratio (92.7%) is considered high.
Reducing Debt: A008830's debt to equity ratio has reduced from 111.8% to 95% over the past 5 years.
Debt Coverage: A008830's debt is not well covered by operating cash flow (14.8%).
Interest Coverage: A008830's interest payments on its debt are not well covered by EBIT (2x coverage).