Chen Nan Iron WireLtd Balance Sheet Health
Financial Health criteria checks 4/6
Chen Nan Iron WireLtd has a total shareholder equity of NT$1.3B and total debt of NT$824.5M, which brings its debt-to-equity ratio to 61.9%. Its total assets and total liabilities are NT$2.6B and NT$1.2B respectively. Chen Nan Iron WireLtd's EBIT is NT$148.3M making its interest coverage ratio 7. It has cash and short-term investments of NT$196.8M.
Key information
61.9%
Debt to equity ratio
NT$824.53m
Debt
| Interest coverage ratio | 7x |
| Cash | NT$196.81m |
| Equity | NT$1.33b |
| Total liabilities | NT$1.24b |
| Total assets | NT$2.57b |
Financial Position Analysis
Short Term Liabilities: 2071's short term assets (NT$947.3M) exceed its short term liabilities (NT$643.1M).
Long Term Liabilities: 2071's short term assets (NT$947.3M) exceed its long term liabilities (NT$594.7M).
Debt to Equity History and Analysis
Debt Level: 2071's net debt to equity ratio (47.1%) is considered high.
Reducing Debt: 2071's debt to equity ratio has reduced from 199.5% to 61.9% over the past 5 years.
Debt Coverage: 2071's debt is not well covered by operating cash flow (18.9%).
Interest Coverage: 2071's interest payments on its debt are well covered by EBIT (7x coverage).