Formetal Balance Sheet Health
Financial Health criteria checks 6/6
Formetal has a total shareholder equity of ₩49.5B and total debt of ₩5.0B, which brings its debt-to-equity ratio to 10.1%. Its total assets and total liabilities are ₩66.9B and ₩17.4B respectively. Formetal's EBIT is ₩1.6B making its interest coverage ratio 9.8. It has cash and short-term investments of ₩2.1B.
Key information
10.1%
Debt to equity ratio
₩4.98b
Debt
| Interest coverage ratio | 9.8x |
| Cash | ₩2.11b |
| Equity | ₩49.54b |
| Total liabilities | ₩17.38b |
| Total assets | ₩66.92b |
Recent financial health updates
Formetal (KOSDAQ:119500) Could Easily Take On More Debt
Aug 12
Does Formetal (KOSDAQ:119500) Have A Healthy Balance Sheet?
Mar 15Here's Why Formetal (KOSDAQ:119500) Has A Meaningful Debt Burden
Nov 24
Recent updates
Formetal (KOSDAQ:119500) Could Easily Take On More Debt
Aug 12Does Formetal (KOSDAQ:119500) Have A Healthy Balance Sheet?
Mar 15Returns On Capital - An Important Metric For Formetal (KOSDAQ:119500)
Feb 15Investors Who Bought Formetal (KOSDAQ:119500) Shares Five Years Ago Are Now Up 81%
Jan 17Is Formetal Co., Ltd.'s (KOSDAQ:119500) Recent Stock Performance Influenced By Its Fundamentals In Any Way?
Dec 21Here's Why Formetal (KOSDAQ:119500) Has A Meaningful Debt Burden
Nov 24Financial Position Analysis
Short Term Liabilities: A119500's short term assets (₩26.5B) exceed its short term liabilities (₩15.5B).
Long Term Liabilities: A119500's short term assets (₩26.5B) exceed its long term liabilities (₩1.8B).
Debt to Equity History and Analysis
Debt Level: A119500's net debt to equity ratio (5.8%) is considered satisfactory.
Reducing Debt: A119500's debt to equity ratio has reduced from 20.4% to 10.1% over the past 5 years.
Debt Coverage: A119500's debt is well covered by operating cash flow (59%).
Interest Coverage: A119500's interest payments on its debt are well covered by EBIT (9.8x coverage).