Kao Fong Machinery Balance Sheet Health
Financial Health criteria checks 3/6
Kao Fong Machinery has a total shareholder equity of NT$1.9B and total debt of NT$1.8B, which brings its debt-to-equity ratio to 94.9%. Its total assets and total liabilities are NT$4.3B and NT$2.5B respectively. Kao Fong Machinery's EBIT is NT$97.5M making its interest coverage ratio 3.1. It has cash and short-term investments of NT$834.0M.
Key information
94.9%
Debt to equity ratio
NT$1.78b
Debt
| Interest coverage ratio | 3.1x |
| Cash | NT$834.00m |
| Equity | NT$1.88b |
| Total liabilities | NT$2.45b |
| Total assets | NT$4.33b |
Financial Position Analysis
Short Term Liabilities: 4510's short term assets (NT$2.1B) exceed its short term liabilities (NT$1.5B).
Long Term Liabilities: 4510's short term assets (NT$2.1B) exceed its long term liabilities (NT$922.8M).
Debt to Equity History and Analysis
Debt Level: 4510's net debt to equity ratio (50.5%) is considered high.
Reducing Debt: 4510's debt to equity ratio has increased from 78.4% to 94.9% over the past 5 years.
Debt Coverage: 4510's debt is not well covered by operating cash flow (3.9%).
Interest Coverage: 4510's interest payments on its debt are well covered by EBIT (3.1x coverage).