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$2.9B and total debt of NT$15.6M, which brings its debt-to-equity ratio to 0.5%. Its total assets and total liabilities are NT$4.3B and NT$1.4B respectively. Sinmag Equipment's EBIT is NT$967.4M making its interest coverage ratio -33.2. It has cash and short-term investments of NT$1.2B.

Key information

0.5%

Debt to equity ratio

NT$15.59m

Debt

Interest coverage ratio-33.2x
CashNT$1.21b
EquityNT$2.91b
Total liabilitiesNT$1.39b
Total assetsNT$4.29b

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$2.6B) exceed its short term liabilities (NT$1.3B).

Long Term Liabilities: 1580's short term assets (NT$2.6B) exceed its long term liabilities (NT$78.6M).

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 12.2% to 0.5% over the past 5 years.

Debt Coverage: 1580's debt is well covered by operating cash flow (5455.3%).

Interest Coverage: 1580 earns more interest than it pays, so coverage of interest payments is not a concern.

Balance Sheet

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