Kenda Rubber Industrial Balance Sheet Health
Financial Health criteria checks 5/6
Kenda Rubber Industrial has a total shareholder equity of NT$20.4B and total debt of NT$17.8B, which brings its debt-to-equity ratio to 87.4%. Its total assets and total liabilities are NT$46.0B and NT$25.6B respectively. Kenda Rubber Industrial's EBIT is NT$2.0B making its interest coverage ratio 10.6. It has cash and short-term investments of NT$9.5B.
Key information
87.4%
Debt to equity ratio
NT$17.80b
Debt
| Interest coverage ratio | 10.6x |
| Cash | NT$9.55b |
| Equity | NT$20.37b |
| Total liabilities | NT$25.63b |
| Total assets | NT$46.01b |
Recent financial health updates
Recent updates
Kenda Rubber Industrial (TWSE:2106) Is Looking To Continue Growing Its Returns On Capital
Apr 15
We Like Kenda Rubber Industrial's (TWSE:2106) Earnings For More Than Just Statutory Profit
Mar 22Capital Allocation Trends At Kenda Rubber Industrial (TPE:2106) Aren't Ideal
Apr 12Does Kenda Rubber Industrial (TPE:2106) Have A Healthy Balance Sheet?
Feb 04
Is Kenda Rubber Industrial Co. Ltd.'s (TPE:2106) Recent Performancer Underpinned By Weak Financials?
Jan 20Is Kenda Rubber Industrial (TPE:2106) Set To Make A Turnaround?
Jan 07Kenda Rubber Industrial's (TPE:2106) Stock Price Has Reduced 25% In The Past Five Years
Dec 25Are Kenda Rubber Industrial's (TPE:2106) Statutory Earnings A Good Guide To Its Underlying Profitability?
Dec 10A Look At The Intrinsic Value Of Kenda Rubber Industrial Co. Ltd. (TPE:2106)
Nov 25Financial Position Analysis
Short Term Liabilities: 2106's short term assets (NT$24.9B) exceed its short term liabilities (NT$10.6B).
Long Term Liabilities: 2106's short term assets (NT$24.9B) exceed its long term liabilities (NT$15.0B).
Debt to Equity History and Analysis
Debt Level: 2106's net debt to equity ratio (40.5%) is considered high.
Reducing Debt: 2106's debt to equity ratio has reduced from 90.5% to 87.4% over the past 5 years.
Debt Coverage: 2106's debt is well covered by operating cash flow (20.2%).
Interest Coverage: 2106's interest payments on its debt are well covered by EBIT (10.6x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/03 09:10 |
| End of Day Share Price | 2025/01/03 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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Learn about the world class team who designed and built the Simply Wall St analysis model.
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
Kenda Rubber Industrial Co. Ltd. is covered by 8 analysts. 1 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 |
|---|---|
| Jianzhang Su | E.Sun Securities Investment Consulting Co. Ltd. |
| Willy Chen | Goldman Sachs |
| Jingjun Liao | Grand Cathay Securities Corporation |