Tsang Yow IndustrialLtd Balance Sheet Health
Financial Health criteria checks 6/6
Tsang Yow IndustrialLtd has a total shareholder equity of NT$1.8B and total debt of NT$390.5M, which brings its debt-to-equity ratio to 21.3%. Its total assets and total liabilities are NT$2.6B and NT$792.9M respectively. Tsang Yow IndustrialLtd's EBIT is NT$233.5M making its interest coverage ratio 95.8. It has cash and short-term investments of NT$860.7M.
Key information
21.3%
Debt to equity ratio
NT$390.54m
Debt
| Interest coverage ratio | 95.8x |
| Cash | NT$860.73m |
| Equity | NT$1.83b |
| Total liabilities | NT$792.87m |
| Total assets | NT$2.62b |
Recent financial health updates
Does Tsang Yow IndustrialLtd (TPE:1568) Have A Healthy Balance Sheet?
Mar 09
Tsang Yow IndustrialLtd (TPE:1568) Is Making Moderate Use Of Debt
Nov 24Recent updates
Investors Continue Waiting On Sidelines For Tsang Yow Industrial Co.,Ltd. (TWSE:1568)
Mar 08Does Tsang Yow IndustrialLtd (TPE:1568) Have A Healthy Balance Sheet?
Mar 09The Tsang Yow IndustrialLtd (TPE:1568) Share Price Is Up 48% And Shareholders Are Holding On
Feb 02
Tsang Yow Industrial Co.,Ltd. (TPE:1568) Investors Should Think About This Before Buying It For Its Dividend
Dec 29Tsang Yow IndustrialLtd (TPE:1568) Is Making Moderate Use Of Debt
Nov 24Financial Position Analysis
Short Term Liabilities: 1568's short term assets (NT$1.5B) exceed its short term liabilities (NT$524.0M).
Long Term Liabilities: 1568's short term assets (NT$1.5B) exceed its long term liabilities (NT$268.9M).
Debt to Equity History and Analysis
Debt Level: 1568 has more cash than its total debt.
Reducing Debt: 1568's debt to equity ratio has reduced from 83.5% to 21.3% over the past 5 years.
Debt Coverage: 1568's debt is well covered by operating cash flow (83.7%).
Interest Coverage: 1568's interest payments on its debt are well covered by EBIT (95.8x coverage).