Sinmag Equipment Corporation

TPEX:1580 Stock Report

Market Cap: NT$7.4b

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$0.0, which brings its debt-to-equity ratio to 0%. 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$961.1M.

Key information

0%

Debt to equity ratio

NT$0

Debt

Interest coverage ratio-28.2x
CashNT$961.09m
EquityNT$3.15b
Total liabilitiesNT$954.97m
Total assetsNT$4.10b

Recent financial health updates

Is Sinmag Equipment (GTSM:1580) Using Too Much Debt?

Feb 18
Is Sinmag Equipment (GTSM:1580) Using Too Much Debt?

Recent updates

Read This Before Buying Sinmag Equipment Corporation (GTSM:1580) For Its Dividend

Apr 10
Read This Before Buying Sinmag Equipment Corporation (GTSM:1580) For Its Dividend

Sinmag Equipment (GTSM:1580) May Have Issues Allocating Its Capital

Mar 23
Sinmag Equipment (GTSM:1580) May Have Issues Allocating Its Capital

Has Sinmag Equipment Corporation's (GTSM:1580) Impressive Stock Performance Got Anything to Do With Its Fundamentals?

Mar 08
Has Sinmag Equipment Corporation's (GTSM:1580) Impressive Stock Performance Got Anything to Do With Its Fundamentals?

Is Sinmag Equipment (GTSM:1580) Using Too Much Debt?

Feb 18
Is Sinmag Equipment (GTSM:1580) Using Too Much Debt?

Calculating The Intrinsic Value Of Sinmag Equipment Corporation (GTSM:1580)

Feb 03
Calculating The Intrinsic Value Of Sinmag Equipment Corporation (GTSM:1580)

Would Shareholders Who Purchased Sinmag Equipment's (GTSM:1580) Stock Three Years Be Happy With The Share price Today?

Jan 16
Would Shareholders Who Purchased Sinmag Equipment's (GTSM:1580) Stock Three Years Be Happy With The Share price Today?

Is Sinmag Equipment Corporation's (GTSM:1580) 5.9% Dividend Sustainable?

Jan 01
Is Sinmag Equipment Corporation's (GTSM:1580) 5.9% Dividend Sustainable?

Here's What We Make Of Sinmag Equipment's (GTSM:1580) Returns On Capital

Dec 17
Here's What We Make Of Sinmag Equipment's (GTSM:1580) Returns On Capital

Sinmag Equipment Corporation's (GTSM:1580) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects?

Dec 02
Sinmag Equipment Corporation's (GTSM:1580) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects?

Financial 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 is debt free.

Reducing Debt: 1580 has no debt compared to 5 years ago when its debt to equity ratio was 9.1%.

Debt Coverage: 1580 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 1580 has no debt, therefore coverage of interest payments is not a concern.

Balance Sheet

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