Taiwan Cement Balance Sheet Health
Financial Health criteria checks 5/6
Taiwan Cement has a total shareholder equity of NT$253.9B and total debt of NT$161.2B, which brings its debt-to-equity ratio to 63.5%. Its total assets and total liabilities are NT$469.4B and NT$215.5B respectively. Taiwan Cement's EBIT is NT$10.0B making its interest coverage ratio -6.7. It has cash and short-term investments of NT$107.1B.
Key information
63.5%
Debt to equity ratio
NT$161.16b
Debt
Interest coverage ratio | -6.7x |
Cash | NT$107.11b |
Equity | NT$253.90b |
Total liabilities | NT$215.54b |
Total assets | NT$469.44b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TAICS's short term assets (NT$153.1B) exceed its short term liabilities (NT$72.6B).
Long Term Liabilities: TAICS's short term assets (NT$153.1B) exceed its long term liabilities (NT$143.0B).
Debt to Equity History and Analysis
Debt Level: TAICS's net debt to equity ratio (21.3%) is considered satisfactory.
Reducing Debt: TAICS's debt to equity ratio has increased from 53.4% to 63.5% over the past 5 years.
Debt Coverage: TAICS's debt is well covered by operating cash flow (20.9%).
Interest Coverage: TAICS earns more interest than it pays, so coverage of interest payments is not a concern.