Chen Nan Iron WireLtd Balance Sheet Health
Financial Health criteria checks 5/6
Chen Nan Iron WireLtd has a total shareholder equity of NT$1.2B and total debt of NT$1.1B, which brings its debt-to-equity ratio to 90.3%. Its total assets and total liabilities are NT$2.7B and NT$1.4B respectively. Chen Nan Iron WireLtd's EBIT is NT$316.9M making its interest coverage ratio 10.1. It has cash and short-term investments of NT$269.2M.
Key information
90.3%
Debt to equity ratio
NT$1.12b
Debt
| Interest coverage ratio | 10.1x |
| Cash | NT$269.24m |
| Equity | NT$1.25b |
| Total liabilities | NT$1.41b |
| Total assets | NT$2.66b |
Financial Position Analysis
Short Term Liabilities: 2071's short term assets (NT$969.3M) exceed its short term liabilities (NT$679.8M).
Long Term Liabilities: 2071's short term assets (NT$969.3M) exceed its long term liabilities (NT$730.3M).
Debt to Equity History and Analysis
Debt Level: 2071's net debt to equity ratio (68.7%) is considered high.
Reducing Debt: 2071's debt to equity ratio has reduced from 238.4% to 90.3% over the past 5 years.
Debt Coverage: 2071's debt is well covered by operating cash flow (52.4%).
Interest Coverage: 2071's interest payments on its debt are well covered by EBIT (10.1x coverage).