Sinmag Equipment Balance Sheet Health
Financial Health criteria checks 6/6
Sinmag Equipment has a total shareholder equity of NT$3.1B and total debt of NT$16.4M, which brings its debt-to-equity ratio to 0.5%. Its total assets and total liabilities are NT$4.1B and NT$955.0M respectively. Sinmag Equipment's EBIT is NT$892.4M making its interest coverage ratio -28.2. It has cash and short-term investments of NT$961.0M.
Key information
0.5%
Debt to equity ratio
NT$16.40m
Debt
| Interest coverage ratio | -28.2x |
| Cash | NT$961.02m |
| Equity | NT$3.15b |
| Total liabilities | NT$954.97m |
| Total assets | NT$4.10b |
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$2.4B) exceed its short term liabilities (NT$841.3M).
Long Term Liabilities: 1580's short term assets (NT$2.4B) exceed its long term liabilities (NT$113.6M).
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 9.1% to 0.5% over the past 5 years.
Debt Coverage: 1580's debt is well covered by operating cash flow (4392.9%).
Interest Coverage: 1580 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/24 13:32 |
| End of Day Share Price | 2024/12/24 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
Sinmag Equipment Corporation 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 |
|---|---|
| Yong Hui Yang | Capital Securities Corporation |
| Titan Horng | IBTS Investment Consulting Co., Ltd. |
| Shih-Hao Tseng | Jih Sun Securities Investment Consulting Co., Ltd. |