Nankang Rubber TireLtd Balance Sheet Health
Financial Health criteria checks 3/6
Nankang Rubber TireLtd has a total shareholder equity of NT$10.4B and total debt of NT$20.3B, which brings its debt-to-equity ratio to 196.3%. Its total assets and total liabilities are NT$41.6B and NT$31.3B respectively. Nankang Rubber TireLtd's EBIT is NT$442.0M making its interest coverage ratio 3.1. It has cash and short-term investments of NT$2.0B.
Key information
196.3%
Debt to equity ratio
NT$20.34b
Debt
| Interest coverage ratio | 3.1x |
| Cash | NT$1.99b |
| Equity | NT$10.36b |
| Total liabilities | NT$31.26b |
| Total assets | NT$41.62b |
Recent financial health updates
Nankang Rubber TireLtd (TWSE:2101) Has A Somewhat Strained Balance Sheet
Apr 11
Nankang Rubber TireLtd (TPE:2101) Has A Pretty Healthy Balance Sheet
Mar 15Here's Why Nankang Rubber TireLtd (TPE:2101) Can Manage Its Debt Responsibly
Dec 13
Recent updates
Subdued Growth No Barrier To Nankang Rubber Tire Corp.,Ltd. (TWSE:2101) With Shares Advancing 29%
Apr 19Nankang Rubber TireLtd (TWSE:2101) Has A Somewhat Strained Balance Sheet
Apr 11There May Be Underlying Issues With The Quality Of Nankang Rubber TireLtd's (TWSE:2101) Earnings
Mar 21Is Nankang Rubber Tire Corp.,Ltd. (TPE:2101) A Good Dividend Stock?
Mar 30Nankang Rubber TireLtd (TPE:2101) Has A Pretty Healthy Balance Sheet
Mar 15Will Nankang Rubber TireLtd (TPE:2101) Multiply In Value Going Forward?
Mar 01The Nankang Rubber TireLtd (TPE:2101) Share Price Is Up 49% And Shareholders Are Holding On
Feb 11Is Nankang Rubber Tire Corp.,Ltd. (TPE:2101) A High Quality Stock To Own?
Jan 27What Kind Of Shareholders Hold The Majority In Nankang Rubber Tire Corp.,Ltd.'s (TPE:2101) Shares?
Jan 12What To Know Before Buying Nankang Rubber Tire Corp.,Ltd. (TPE:2101) For Its Dividend
Dec 28Here's Why Nankang Rubber TireLtd (TPE:2101) Can Manage Its Debt Responsibly
Dec 13Financial Position Analysis
Short Term Liabilities: 2101's short term assets (NT$29.5B) exceed its short term liabilities (NT$18.4B).
Long Term Liabilities: 2101's short term assets (NT$29.5B) exceed its long term liabilities (NT$12.8B).
Debt to Equity History and Analysis
Debt Level: 2101's net debt to equity ratio (177.1%) is considered high.
Reducing Debt: 2101's debt to equity ratio has increased from 100.4% to 196.3% over the past 5 years.
Debt Coverage: 2101's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 2101's interest payments on its debt are well covered by EBIT (3.1x coverage).