Kenda Rubber Industrial Co. Ltd.

TWSE:2106 Stock Report

Market Cap: NT$27.5b

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 ratio10.6x
CashNT$9.55b
EquityNT$20.37b
Total liabilitiesNT$25.63b
Total assetsNT$46.01b

Recent financial health updates

Recent updates

Kenda Rubber Industrial (TWSE:2106) Is Looking To Continue Growing Its Returns On Capital

Apr 15
Kenda Rubber Industrial (TWSE:2106) Is Looking To Continue Growing Its Returns On Capital

We Like Kenda Rubber Industrial's (TWSE:2106) Earnings For More Than Just Statutory Profit

Mar 22
We Like Kenda Rubber Industrial's (TWSE:2106) Earnings For More Than Just Statutory Profit

Capital Allocation Trends At Kenda Rubber Industrial (TPE:2106) Aren't Ideal

Apr 12
Capital Allocation Trends At Kenda Rubber Industrial (TPE:2106) Aren't Ideal

Does Kenda Rubber Industrial (TPE:2106) Have A Healthy Balance Sheet?

Feb 04
Does Kenda Rubber Industrial (TPE:2106) Have A Healthy Balance Sheet?

Is Kenda Rubber Industrial Co. Ltd.'s (TPE:2106) Recent Performancer Underpinned By Weak Financials?

Jan 20
Is Kenda Rubber Industrial Co. Ltd.'s (TPE:2106) Recent Performancer Underpinned By Weak Financials?

Is Kenda Rubber Industrial (TPE:2106) Set To Make A Turnaround?

Jan 07
Is Kenda Rubber Industrial (TPE:2106) Set To Make A Turnaround?

Kenda Rubber Industrial's (TPE:2106) Stock Price Has Reduced 25% In The Past Five Years

Dec 25
Kenda Rubber Industrial's (TPE:2106) Stock Price Has Reduced 25% In The Past Five Years

Are Kenda Rubber Industrial's (TPE:2106) Statutory Earnings A Good Guide To Its Underlying Profitability?

Dec 10
Are Kenda Rubber Industrial's (TPE:2106) Statutory Earnings A Good Guide To Its Underlying Profitability?

A Look At The Intrinsic Value Of Kenda Rubber Industrial Co. Ltd. (TPE:2106)

Nov 25
A Look At The Intrinsic Value Of Kenda Rubber Industrial Co. Ltd. (TPE:2106)

Financial 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


Discover healthy companies