What is Daiichi Jitsugyo Co Financial Strength?
Daiichi Jitsugyo Co has the Financial Strength Rank of 7.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:
1. The debt burden that the company has as measured by its
Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3.
Altman Z-Score.
Daiichi Jitsugyo Co's Interest Coverage for the quarter that ended in Dec. 2023 was 142.00.
Daiichi Jitsugyo Co's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.02.
As of today, Daiichi Jitsugyo Co's Altman Z-Score is 2.21.
Competitive Comparison of Daiichi Jitsugyo Co's Financial Strength
For the Specialty Industrial Machinery subindustry, Daiichi Jitsugyo Co's Financial Strength, along with its competitors' market caps and Financial Strength data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Daiichi Jitsugyo Co's Financial Strength Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Daiichi Jitsugyo Co's Financial Strength distribution charts can be found below:
* The bar in red indicates where Daiichi Jitsugyo Co's Financial Strength falls into.
Daiichi Jitsugyo Co Financial Strength Calculation
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
Daiichi Jitsugyo Co's Interest Expense for the
months ended in Dec. 2023 was 円-10 Mil. Its Operating Income for the
months ended in Dec. 2023 was 円1,420 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円150 Mil.
Daiichi Jitsugyo Co's Interest Coverage for the quarter that ended in Dec. 2023 is
The higher the ratio, the stronger the company's financial strength is.
Good Sign:
Ben Graham prefers companies' interest coverage to be at least 5. Daiichi Jitsugyo Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.
2. Debt to revenue ratio. The lower, the better.
Daiichi Jitsugyo Co's Debt to Revenue Ratio for the quarter that ended in Dec. 2023 is
3. Altman Z-Score.
Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
The zones of discrimination were as such:
When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.
Daiichi Jitsugyo Co has a Z-score of 2.21, indicating it is in Grey Zones. This implies that Daiichi Jitsugyo Co is in some kind of financial stress. If it is below 1.81, the company may faces bankrupcy risk.
Warning Sign:
Altman Z-score of 2.21 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Daiichi Jitsugyo Co (TSE:8059) Business Description
Traded in Other Exchanges
N/A
Address
4-6 Kandasurugadai, Chiyoda-ku, Tokyo, JPN, 101-8222
Daiichi Jitsugyo Co Ltd is a Japan-based machinery manufacturer. Its business operations are divided into five segments including plant and energy business, industrial machinery, electronics, pharmaceuticals, and aviation business. It provides machinery for energy development, plant construction, drug formulation, semiconductors, and special-purpose vehicles and self-defense-related equipment. The company also provides after sales and maintenance services. Daiichi Jitsugyo has network operations in Japan, China, Southeast Asia, India, America And Europe.
Daiichi Jitsugyo Co (TSE:8059) Headlines
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