Fu Chun Shin Machinery Manufacture Balance Sheet Health
Financial Health criteria checks 2/6
Fu Chun Shin Machinery Manufacture has a total shareholder equity of NT$2.4B and total debt of NT$2.6B, which brings its debt-to-equity ratio to 107.7%. Its total assets and total liabilities are NT$7.3B and NT$4.9B respectively. Fu Chun Shin Machinery Manufacture's EBIT is NT$53.2M making its interest coverage ratio 2. It has cash and short-term investments of NT$759.2M.
Key information
107.7%
Debt to equity ratio
NT$2.56b
Debt
Interest coverage ratio | 2x |
Cash | NT$759.20m |
Equity | NT$2.38b |
Total liabilities | NT$4.90b |
Total assets | NT$7.28b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 6603's short term assets (NT$4.2B) exceed its short term liabilities (NT$2.1B).
Long Term Liabilities: 6603's short term assets (NT$4.2B) exceed its long term liabilities (NT$2.8B).
Debt to Equity History and Analysis
Debt Level: 6603's net debt to equity ratio (75.8%) is considered high.
Reducing Debt: 6603's debt to equity ratio has increased from 63.5% to 107.7% over the past 5 years.
Debt Coverage: 6603's debt is not well covered by operating cash flow (10.3%).
Interest Coverage: 6603's interest payments on its debt are not well covered by EBIT (2x coverage).