Tung Ho Steel Enterprise Balance Sheet Health
Financial Health criteria checks 5/6
Tung Ho Steel Enterprise has a total shareholder equity of NT$29.3B and total debt of NT$14.6B, which brings its debt-to-equity ratio to 49.7%. Its total assets and total liabilities are NT$56.7B and NT$27.4B respectively. Tung Ho Steel Enterprise's EBIT is NT$6.0B making its interest coverage ratio 17.1. It has cash and short-term investments of NT$2.4B.
Key information
49.7%
Debt to equity ratio
NT$14.55b
Debt
| Interest coverage ratio | 17.1x |
| Cash | NT$2.37b |
| Equity | NT$29.30b |
| Total liabilities | NT$27.38b |
| Total assets | NT$56.68b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TNGHS's short term assets (NT$32.6B) exceed its short term liabilities (NT$25.7B).
Long Term Liabilities: TNGHS's short term assets (NT$32.6B) exceed its long term liabilities (NT$1.7B).
Debt to Equity History and Analysis
Debt Level: TNGHS's net debt to equity ratio (41.6%) is considered high.
Reducing Debt: TNGHS's debt to equity ratio has reduced from 72.4% to 49.7% over the past 5 years.
Debt Coverage: TNGHS's debt is well covered by operating cash flow (27.1%).
Interest Coverage: TNGHS's interest payments on its debt are well covered by EBIT (17.1x coverage).