Denka Balance Sheet Health
Financial Health criteria checks 3/6
Denka has a total shareholder equity of ¥313.8B and total debt of ¥203.7B, which brings its debt-to-equity ratio to 64.9%. Its total assets and total liabilities are ¥636.7B and ¥322.9B respectively. Denka's EBIT is ¥18.8B making its interest coverage ratio -67.5. It has cash and short-term investments of ¥31.4B.
Key information
64.9%
Debt to equity ratio
JP¥203.70b
Debt
| Interest coverage ratio | -67.5x |
| Cash | JP¥31.37b |
| Equity | JP¥313.80b |
| Total liabilities | JP¥322.87b |
| Total assets | JP¥636.67b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DENK.F's short term assets (¥282.5B) exceed its short term liabilities (¥192.2B).
Long Term Liabilities: DENK.F's short term assets (¥282.5B) exceed its long term liabilities (¥130.7B).
Debt to Equity History and Analysis
Debt Level: DENK.F's net debt to equity ratio (54.9%) is considered high.
Reducing Debt: DENK.F's debt to equity ratio has increased from 49.5% to 64.9% over the past 5 years.
Debt Coverage: DENK.F's debt is not well covered by operating cash flow (6.1%).
Interest Coverage: DENK.F earns more interest than it pays, so coverage of interest payments is not a concern.