Dainichiseika Color & Chemicals Mfg Balance Sheet Health
Financial Health criteria checks 5/6
Dainichiseika Color & Chemicals Mfg has a total shareholder equity of ¥116.1B and total debt of ¥31.6B, which brings its debt-to-equity ratio to 27.2%. Its total assets and total liabilities are ¥203.4B and ¥87.3B respectively. Dainichiseika Color & Chemicals Mfg's EBIT is ¥4.6B making its interest coverage ratio -23.2. It has cash and short-term investments of ¥26.0B.
Key information
27.2%
Debt to equity ratio
JP¥31.62b
Debt
| Interest coverage ratio | -23.2x |
| Cash | JP¥25.98b |
| Equity | JP¥116.09b |
| Total liabilities | JP¥87.31b |
| Total assets | JP¥203.40b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DCHC.F's short term assets (¥116.7B) exceed its short term liabilities (¥60.0B).
Long Term Liabilities: DCHC.F's short term assets (¥116.7B) exceed its long term liabilities (¥27.3B).
Debt to Equity History and Analysis
Debt Level: DCHC.F's net debt to equity ratio (4.9%) is considered satisfactory.
Reducing Debt: DCHC.F's debt to equity ratio has reduced from 45.5% to 27.2% over the past 5 years.
Debt Coverage: DCHC.F's debt is not well covered by operating cash flow (15.1%).
Interest Coverage: DCHC.F earns more interest than it pays, so coverage of interest payments is not a concern.