Right Way IndustrialLtd Balance Sheet Health
Financial Health criteria checks 6/6
Right Way IndustrialLtd has a total shareholder equity of NT$2.8B and total debt of NT$57.3M, which brings its debt-to-equity ratio to 2.1%. Its total assets and total liabilities are NT$3.2B and NT$386.5M respectively. Right Way IndustrialLtd's EBIT is NT$58.9M making its interest coverage ratio -2.9. It has cash and short-term investments of NT$555.6M.
Key information
2.1%
Debt to equity ratio
NT$57.30m
Debt
Interest coverage ratio | -2.9x |
Cash | NT$555.64m |
Equity | NT$2.79b |
Total liabilities | NT$386.49m |
Total assets | NT$3.18b |
Recent financial health updates
Here's Why Right Way IndustrialLtd (TPE:1506) Can Afford Some Debt
Apr 05Is Right Way IndustrialLtd (TPE:1506) A Risky Investment?
Dec 21Recent updates
Right Way IndustrialLtd's (TWSE:1506) Anemic Earnings Might Be Worse Than You Think
Mar 21Here's Why Right Way IndustrialLtd (TPE:1506) Can Afford Some Debt
Apr 05Right Way IndustrialLtd's (TPE:1506) Stock Price Has Reduced 56% In The Past Three Years
Feb 11Is Right Way IndustrialLtd (TPE:1506) A Risky Investment?
Dec 21Financial Position Analysis
Short Term Liabilities: 1506's short term assets (NT$1.2B) exceed its short term liabilities (NT$306.8M).
Long Term Liabilities: 1506's short term assets (NT$1.2B) exceed its long term liabilities (NT$79.7M).
Debt to Equity History and Analysis
Debt Level: 1506 has more cash than its total debt.
Reducing Debt: 1506's debt to equity ratio has reduced from 89% to 2.1% over the past 5 years.
Debt Coverage: 1506's debt is well covered by operating cash flow (366.4%).
Interest Coverage: 1506 earns more interest than it pays, so coverage of interest payments is not a concern.