King Polytechnic Engineering Balance Sheet Health
Financial Health criteria checks 6/6
King Polytechnic Engineering has a total shareholder equity of NT$1.6B and total debt of NT$589.9M, which brings its debt-to-equity ratio to 36.5%. Its total assets and total liabilities are NT$3.5B and NT$1.9B respectively. King Polytechnic Engineering's EBIT is NT$465.2M making its interest coverage ratio -51.5. It has cash and short-term investments of NT$692.9M.
Key information
36.5%
Debt to equity ratio
NT$589.90m
Debt
Interest coverage ratio | -51.5x |
Cash | NT$692.92m |
Equity | NT$1.61b |
Total liabilities | NT$1.90b |
Total assets | NT$3.51b |
Recent financial health updates
We Think King Polytechnic Engineering (GTSM:6122) Can Manage Its Debt With Ease
Mar 16King Polytechnic Engineering (GTSM:6122) Has A Rock Solid Balance Sheet
Nov 30Recent updates
Investors Will Want King Polytechnic Engineering's (GTSM:6122) Growth In ROCE To Persist
Apr 20We Think King Polytechnic Engineering (GTSM:6122) Can Manage Its Debt With Ease
Mar 16Should King Polytechnic Engineering Co., Ltd. (GTSM:6122) Be Part Of Your Dividend Portfolio?
Feb 09Returns On Capital - An Important Metric For King Polytechnic Engineering (GTSM:6122)
Jan 05King Polytechnic Engineering (GTSM:6122) Has A Rock Solid Balance Sheet
Nov 30Financial Position Analysis
Short Term Liabilities: 6122's short term assets (NT$3.2B) exceed its short term liabilities (NT$1.9B).
Long Term Liabilities: 6122's short term assets (NT$3.2B) exceed its long term liabilities (NT$34.0M).
Debt to Equity History and Analysis
Debt Level: 6122 has more cash than its total debt.
Reducing Debt: 6122's debt to equity ratio has reduced from 52.4% to 36.5% over the past 5 years.
Debt Coverage: 6122's debt is well covered by operating cash flow (101.7%).
Interest Coverage: 6122 earns more interest than it pays, so coverage of interest payments is not a concern.