Daito Trust ConstructionLtd Balance Sheet Health
Financial Health criteria checks 6/6
Daito Trust ConstructionLtd has a total shareholder equity of ¥449.4B and total debt of ¥73.0B, which brings its debt-to-equity ratio to 16.2%. Its total assets and total liabilities are ¥1,112.2B and ¥662.8B respectively. Daito Trust ConstructionLtd's EBIT is ¥124.0B making its interest coverage ratio -165.5. It has cash and short-term investments of ¥262.2B.
Key information
16.2%
Debt to equity ratio
JP¥73.02b
Debt
| Interest coverage ratio | -165.5x |
| Cash | JP¥262.20b |
| Equity | JP¥449.41b |
| Total liabilities | JP¥662.82b |
| Total assets | JP¥1.11t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DIFT.Y's short term assets (¥646.7B) exceed its short term liabilities (¥360.2B).
Long Term Liabilities: DIFT.Y's short term assets (¥646.7B) exceed its long term liabilities (¥302.6B).
Debt to Equity History and Analysis
Debt Level: DIFT.Y has more cash than its total debt.
Reducing Debt: DIFT.Y's debt to equity ratio has reduced from 31.4% to 16.2% over the past 5 years.
Debt Coverage: DIFT.Y's debt is well covered by operating cash flow (160.8%).
Interest Coverage: DIFT.Y earns more interest than it pays, so coverage of interest payments is not a concern.