Daechang Forging Balance Sheet Health
Financial Health criteria checks 6/6
Daechang Forging has a total shareholder equity of ₩279.7B and total debt of ₩3.6B, which brings its debt-to-equity ratio to 1.3%. Its total assets and total liabilities are ₩351.9B and ₩72.2B respectively. Daechang Forging's EBIT is ₩42.8B making its interest coverage ratio -17.9. It has cash and short-term investments of ₩91.4B.
Key information
1.3%
Debt to equity ratio
₩3.59b
Debt
Interest coverage ratio | -17.9x |
Cash | ₩91.41b |
Equity | ₩279.74b |
Total liabilities | ₩72.16b |
Total assets | ₩351.90b |
Recent financial health updates
Recent updates
Even With A 27% Surge, Cautious Investors Are Not Rewarding Daechang Forging Co., Ltd.'s (KRX:015230) Performance Completely
May 02Three Things You Should Check Before Buying Daechang Forging Co., Ltd. (KRX:015230) For Its Dividend
Apr 29Daechang Forging (KRX:015230) Will Will Want To Turn Around Its Return Trends
Apr 03Daechang Forging (KRX:015230) Shareholders Have Enjoyed A 27% Share Price Gain
Mar 07Daechang Forging (KRX:015230) Could Easily Take On More Debt
Feb 09Read This Before Buying Daechang Forging Co., Ltd. (KRX:015230) For Its Dividend
Jan 19Should Income Investors Look At Daechang Forging Co., Ltd. (KRX:015230) Before Its Ex-Dividend?
Dec 24Our Take On The Returns On Capital At Daechang Forging (KRX:015230)
Dec 17Should Daechang Forging (KRX:015230) Be Disappointed With Their 23% Profit?
Nov 26Financial Position Analysis
Short Term Liabilities: A015230's short term assets (₩237.9B) exceed its short term liabilities (₩44.9B).
Long Term Liabilities: A015230's short term assets (₩237.9B) exceed its long term liabilities (₩27.3B).
Debt to Equity History and Analysis
Debt Level: A015230 has more cash than its total debt.
Reducing Debt: A015230's debt to equity ratio has reduced from 3.3% to 1.3% over the past 5 years.
Debt Coverage: A015230's debt is well covered by operating cash flow (1597%).
Interest Coverage: A015230 earns more interest than it pays, so coverage of interest payments is not a concern.