Tong Yang Industry Balance Sheet Health
Financial Health criteria checks 6/6
Tong Yang Industry has a total shareholder equity of NT$26.7B and total debt of NT$2.0B, which brings its debt-to-equity ratio to 7.4%. Its total assets and total liabilities are NT$34.8B and NT$8.1B respectively. Tong Yang Industry's EBIT is NT$4.7B making its interest coverage ratio -68.4. It has cash and short-term investments of NT$2.9B.
Key information
7.4%
Debt to equity ratio
NT$1.99b
Debt
| Interest coverage ratio | -68.4x |
| Cash | NT$2.95b |
| Equity | NT$26.74b |
| Total liabilities | NT$8.07b |
| Total assets | NT$34.80b |
Recent financial health updates
These 4 Measures Indicate That Tong Yang Industry (TWSE:1319) Is Using Debt Safely
Oct 10
Is Tong Yang IndustryLtd (TPE:1319) Using Too Much Debt?
Apr 16Tong Yang IndustryLtd (TPE:1319) Has A Pretty Healthy Balance Sheet
Jan 02
Recent updates
Tong Yang Industry (TWSE:1319) Shareholders Will Want The ROCE Trajectory To Continue
Oct 26These 4 Measures Indicate That Tong Yang Industry (TWSE:1319) Is Using Debt Safely
Oct 10We Ran A Stock Scan For Earnings Growth And Tong Yang Industry (TWSE:1319) Passed With Ease
Sep 13Why Investors Shouldn't Be Surprised By Tong Yang Industry Co., Ltd.'s (TWSE:1319) Low P/E
Jul 16The Return Trends At Tong Yang Industry (TWSE:1319) Look Promising
Jul 02Tong Yang Industry's (TWSE:1319) Dividend Will Be Increased To NT$4.00
Jun 19Are Investors Undervaluing Tong Yang Industry Co., Ltd. (TWSE:1319) By 24%?
Jun 04Tong Yang Industry (TWSE:1319) Is Increasing Its Dividend To NT$4.00
May 09Do Tong Yang Industry's (TWSE:1319) Earnings Warrant Your Attention?
Apr 28Tong Yang Industry (TWSE:1319) Is Doing The Right Things To Multiply Its Share Price
Mar 31After Leaping 27% Tong Yang Industry Co., Ltd. (TWSE:1319) Shares Are Not Flying Under The Radar
Mar 12Tong Yang Industry Co., Ltd. (TWSE:1319) Shares Could Be 26% Below Their Intrinsic Value Estimate
Feb 29Is Tong Yang IndustryLtd (TPE:1319) Using Too Much Debt?
Apr 16Be Wary Of Tong Yang IndustryLtd (TPE:1319) And Its Returns On Capital
Mar 19Calculating The Fair Value Of Tong Yang Industry Co.,Ltd. (TPE:1319)
Mar 04Is Tong Yang Industry Co.,Ltd. (TPE:1319) A Smart Pick For Income Investors?
Feb 17How Much Did Tong Yang IndustryLtd's(TPE:1319) Shareholders Earn From Share Price Movements Over The Last Three Years?
Feb 02Are Poor Financial Prospects Dragging Down Tong Yang Industry Co.,Ltd. (TPE:1319 Stock?
Jan 18Tong Yang IndustryLtd (TPE:1319) Has A Pretty Healthy Balance Sheet
Jan 02Should You Be Worried About Tong Yang IndustryLtd's (TPE:1319) Returns On Capital?
Dec 18A Look At The Fair Value Of Tong Yang Industry Co.,Ltd. (TPE:1319)
Dec 03Three Things You Should Check Before Buying Tong Yang Industry Co.,Ltd. (TPE:1319) For Its Dividend
Nov 18Financial Position Analysis
Short Term Liabilities: 1319's short term assets (NT$11.3B) exceed its short term liabilities (NT$6.3B).
Long Term Liabilities: 1319's short term assets (NT$11.3B) exceed its long term liabilities (NT$1.8B).
Debt to Equity History and Analysis
Debt Level: 1319 has more cash than its total debt.
Reducing Debt: 1319's debt to equity ratio has reduced from 43% to 7.4% over the past 5 years.
Debt Coverage: 1319's debt is well covered by operating cash flow (350.6%).
Interest Coverage: 1319 earns more interest than it pays, so coverage of interest payments is not a concern.