Nankang Rubber TireLtd Balance Sheet Health
Financial Health criteria checks 3/6
Nankang Rubber TireLtd has a total shareholder equity of NT$13.7B and total debt of NT$20.3B, which brings its debt-to-equity ratio to 147.9%. Its total assets and total liabilities are NT$44.0B and NT$30.3B respectively. Nankang Rubber TireLtd's EBIT is NT$3.6B making its interest coverage ratio 26.4. It has cash and short-term investments of NT$1.6B.
Key information
147.9%
Debt to equity ratio
NT$20.28b
Debt
| Interest coverage ratio | 26.4x |
| Cash | NT$1.61b |
| Equity | NT$13.71b |
| Total liabilities | NT$30.26b |
| Total assets | NT$43.97b |
Recent financial health updates
Is Nankang Rubber TireLtd (TWSE:2101) Using Too Much Debt?
Oct 14
Nankang Rubber TireLtd (TWSE:2101) Has A Somewhat Strained Balance Sheet
Apr 11Nankang 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
Nankang Rubber Tire Corp.,Ltd.'s (TWSE:2101) Business Is Yet to Catch Up With Its Share Price
Nov 14Is Nankang Rubber TireLtd (TWSE:2101) Using Too Much Debt?
Oct 14Unpleasant Surprises Could Be In Store For Nankang Rubber Tire Corp.,Ltd.'s (TWSE:2101) Shares
Aug 06The Returns At Nankang Rubber TireLtd (TWSE:2101) Aren't Growing
Jun 30Subdued 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$32.1B) exceed its short term liabilities (NT$17.8B).
Long Term Liabilities: 2101's short term assets (NT$32.1B) exceed its long term liabilities (NT$12.5B).
Debt to Equity History and Analysis
Debt Level: 2101's net debt to equity ratio (136.1%) is considered high.
Reducing Debt: 2101's debt to equity ratio has increased from 105.9% to 147.9% 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 (26.4x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/31 07:48 |
| End of Day Share Price | 2024/12/31 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Nankang Rubber Tire Corp.,Ltd. is covered by 6 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jihong Lai | Capital Securities Corporation |
| Titan Horng | IBTS Investment Consulting Co., Ltd. |
| Sheng-Kuo Shih | Jih Sun Securities Investment Consulting Co., Ltd. |