Sinmag Equipment Balance Sheet Health
Financial Health criteria checks 6/6
Sinmag Equipment has a total shareholder equity of NT$2.7B and total debt of NT$14.5M, which brings its debt-to-equity ratio to 0.5%. Its total assets and total liabilities are NT$4.1B and NT$1.4B respectively. Sinmag Equipment's EBIT is NT$904.8M making its interest coverage ratio -31.5. It has cash and short-term investments of NT$1.2B.
Key information
0.5%
Debt to equity ratio
NT$14.54m
Debt
| Interest coverage ratio | -31.5x |
| Cash | NT$1.17b |
| Equity | NT$2.69b |
| Total liabilities | NT$1.43b |
| Total assets | NT$4.12b |
Recent financial health updates
Recent updates
Read This Before Buying Sinmag Equipment Corporation (GTSM:1580) For Its Dividend
Apr 10
Sinmag Equipment (GTSM:1580) May Have Issues Allocating Its Capital
Mar 23Has Sinmag Equipment Corporation's (GTSM:1580) Impressive Stock Performance Got Anything to Do With Its Fundamentals?
Mar 08Is Sinmag Equipment (GTSM:1580) Using Too Much Debt?
Feb 18Calculating The Intrinsic Value Of Sinmag Equipment Corporation (GTSM:1580)
Feb 03Would Shareholders Who Purchased Sinmag Equipment's (GTSM:1580) Stock Three Years Be Happy With The Share price Today?
Jan 16Is Sinmag Equipment Corporation's (GTSM:1580) 5.9% Dividend Sustainable?
Jan 01
Here's What We Make Of Sinmag Equipment's (GTSM:1580) Returns On Capital
Dec 17Sinmag Equipment Corporation's (GTSM:1580) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects?
Dec 02Financial Position Analysis
Short Term Liabilities: 1580's short term assets (NT$2.5B) exceed its short term liabilities (NT$1.3B).
Long Term Liabilities: 1580's short term assets (NT$2.5B) exceed its long term liabilities (NT$179.5M).
Debt to Equity History and Analysis
Debt Level: 1580 has more cash than its total debt.
Reducing Debt: 1580's debt to equity ratio has reduced from 11% to 0.5% over the past 5 years.
Debt Coverage: 1580's debt is well covered by operating cash flow (6218.6%).
Interest Coverage: 1580 earns more interest than it pays, so coverage of interest payments is not a concern.