Cathay Financial Holding Balance Sheet Health
Financial Health criteria checks 3/6
Cathay Financial Holding has a total shareholder equity of NT$801.4B and total debt of NT$554.6B, which brings its debt-to-equity ratio to 69.2%. Its total assets and total liabilities are NT$12,811.1B and NT$12,009.7B respectively. Cathay Financial Holding's EBIT is NT$87.1B making its interest coverage ratio 1.4. It has cash and short-term investments of NT$2,511.7B.
Key information
69.2%
Debt to equity ratio
NT$554.62b
Debt
Interest coverage ratio | 1.4x |
Cash | NT$2.51t |
Equity | NT$801.45b |
Total liabilities | NT$12.01t |
Total assets | NT$12.81t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CFHS's short term assets (NT$3,120.3B) exceed its short term liabilities (NT$2,527.8B).
Long Term Liabilities: CFHS's short term assets (NT$3,120.3B) do not cover its long term liabilities (NT$9,481.9B).
Debt to Equity History and Analysis
Debt Level: CFHS has more cash than its total debt.
Reducing Debt: CFHS's debt to equity ratio has reduced from 79.8% to 69.2% over the past 5 years.
Debt Coverage: CFHS's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: CFHS's interest payments on its debt are not well covered by EBIT (1.4x coverage).