Shining Victory Motor Electronic Balance Sheet Health
Financial Health criteria checks 4/6
Shining Victory Motor Electronic has a total shareholder equity of NT$967.3M and total debt of NT$413.4M, which brings its debt-to-equity ratio to 42.7%. Its total assets and total liabilities are NT$2.2B and NT$1.2B respectively. Shining Victory Motor Electronic's EBIT is NT$131.4M making its interest coverage ratio 21.4. It has cash and short-term investments of NT$123.7M.
Key information
42.7%
Debt to equity ratio
NT$413.38m
Debt
Interest coverage ratio | 21.4x |
Cash | NT$123.69m |
Equity | NT$967.26m |
Total liabilities | NT$1.20b |
Total assets | NT$2.16b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 2248's short term assets (NT$1.7B) exceed its short term liabilities (NT$1.2B).
Long Term Liabilities: 2248's short term assets (NT$1.7B) exceed its long term liabilities (NT$35.8M).
Debt to Equity History and Analysis
Debt Level: 2248's net debt to equity ratio (30%) is considered satisfactory.
Reducing Debt: 2248's debt to equity ratio has increased from 15.1% to 42.7% over the past 5 years.
Debt Coverage: 2248's debt is not well covered by operating cash flow (15.5%).
Interest Coverage: 2248's interest payments on its debt are well covered by EBIT (21.4x coverage).