Formetal Balance Sheet Health
Financial Health criteria checks 6/6
Formetal has a total shareholder equity of ₩48.9B and total debt of ₩5.0B, which brings its debt-to-equity ratio to 10.3%. Its total assets and total liabilities are ₩65.2B and ₩16.3B respectively. Formetal's EBIT is ₩1.9B making its interest coverage ratio 10.5. It has cash and short-term investments of ₩1.9B.
Key information
10.3%
Debt to equity ratio
₩5.03b
Debt
| Interest coverage ratio | 10.5x |
| Cash | ₩1.90b |
| Equity | ₩48.88b |
| Total liabilities | ₩16.31b |
| Total assets | ₩65.19b |
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 (₩24.0B) exceed its short term liabilities (₩14.5B).
Long Term Liabilities: A119500's short term assets (₩24.0B) exceed its long term liabilities (₩1.8B).
Debt to Equity History and Analysis
Debt Level: A119500's net debt to equity ratio (6.4%) is considered satisfactory.
Reducing Debt: A119500's debt to equity ratio has reduced from 21.9% to 10.3% over the past 5 years.
Debt Coverage: A119500's debt is well covered by operating cash flow (71.8%).
Interest Coverage: A119500's interest payments on its debt are well covered by EBIT (10.5x coverage).