Daechang Forging Balance Sheet Health
Financial Health criteria checks 6/6
Daechang Forging has a total shareholder equity of ₩284.1B and total debt of ₩3.9B, which brings its debt-to-equity ratio to 1.4%. Its total assets and total liabilities are ₩352.4B and ₩68.3B respectively. Daechang Forging's EBIT is ₩29.5B making its interest coverage ratio -10.1. It has cash and short-term investments of ₩95.9B.
Key information
1.4%
Debt to equity ratio
₩3.88b
Debt
| Interest coverage ratio | -10.1x |
| Cash | ₩95.85b |
| Equity | ₩284.07b |
| Total liabilities | ₩68.28b |
| Total assets | ₩352.35b |
Recent financial health updates
Is Daechang Forging (KRX:015230) Using Too Much Debt?
Jul 17
Daechang Forging (KRX:015230) Could Easily Take On More Debt
Feb 09Recent updates
We Think That There Are More Issues For Daechang Forging (KRX:015230) Than Just Sluggish Earnings
Aug 24Is Daechang Forging (KRX:015230) Using Too Much Debt?
Jul 17Even 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 19
Should 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 (₩238.3B) exceed its short term liabilities (₩39.2B).
Long Term Liabilities: A015230's short term assets (₩238.3B) exceed its long term liabilities (₩29.1B).
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 1.6% to 1.4% over the past 5 years.
Debt Coverage: A015230's debt is well covered by operating cash flow (883.8%).
Interest Coverage: A015230 earns more interest than it pays, so coverage of interest payments is not a concern.