New Best Wire IndustrialLtd Balance Sheet Health
Financial Health criteria checks 4/6
New Best Wire IndustrialLtd has a total shareholder equity of NT$4.8B and total debt of NT$3.0B, which brings its debt-to-equity ratio to 63.4%. Its total assets and total liabilities are NT$8.5B and NT$3.8B respectively. New Best Wire IndustrialLtd's EBIT is NT$573.8M making its interest coverage ratio 13.3. It has cash and short-term investments of NT$1.1B.
Key information
63.4%
Debt to equity ratio
NT$3.03b
Debt
| Interest coverage ratio | 13.3x |
| Cash | NT$1.07b |
| Equity | NT$4.78b |
| Total liabilities | NT$3.76b |
| Total assets | NT$8.54b |
Recent financial health updates
Recent updates
Should You Buy New Best Wire Industrial Co.,Ltd (GTSM:5013) For Its Dividend?
Apr 27
Estimating The Intrinsic Value Of New Best Wire Industrial Co.,Ltd (GTSM:5013)
Apr 13New Best Wire IndustrialLtd's (GTSM:5013) Returns On Capital Not Reflecting Well On The Business
Mar 29New Best Wire Industrial Co.,Ltd's (GTSM:5013) Stock is Soaring But Financials Seem Inconsistent: Will The Uptrend Continue?
Mar 10The New Best Wire IndustrialLtd (GTSM:5013) Share Price Is Up 75% And Shareholders Are Holding On
Feb 19New Best Wire IndustrialLtd (GTSM:5013) Has A Somewhat Strained Balance Sheet
Feb 01Is New Best Wire Industrial Co.,Ltd (GTSM:5013) An Attractive Dividend Stock?
Jan 12Will New Best Wire IndustrialLtd (GTSM:5013) Multiply In Value Going Forward?
Dec 25Can Mixed Financials Have A Negative Impact on New Best Wire Industrial Co.,Ltd's 's (GTSM:5013) Current Price Momentum?
Dec 07Financial Position Analysis
Short Term Liabilities: 5013's short term assets (NT$5.2B) exceed its short term liabilities (NT$2.3B).
Long Term Liabilities: 5013's short term assets (NT$5.2B) exceed its long term liabilities (NT$1.5B).
Debt to Equity History and Analysis
Debt Level: 5013's net debt to equity ratio (40.9%) is considered high.
Reducing Debt: 5013's debt to equity ratio has reduced from 100.7% to 63.4% over the past 5 years.
Debt Coverage: 5013's debt is not well covered by operating cash flow (9.6%).
Interest Coverage: 5013's interest payments on its debt are well covered by EBIT (13.3x coverage).