Far Eastern New Century Corporation

TWSE:1402 Stock Report

Market Cap: NT$180.6b

Far Eastern New Century Balance Sheet Health

Financial Health criteria checks 2/6

Far Eastern New Century has a total shareholder equity of NT$313.8B and total debt of NT$260.1B, which brings its debt-to-equity ratio to 82.9%. Its total assets and total liabilities are NT$672.1B and NT$358.2B respectively. Far Eastern New Century's EBIT is NT$17.2B making its interest coverage ratio 4.8. It has cash and short-term investments of NT$40.7B.

Key information

82.9%

Debt to equity ratio

NT$260.11b

Debt

Interest coverage ratio4.8x
CashNT$40.71b
EquityNT$313.83b
Total liabilitiesNT$358.22b
Total assetsNT$672.05b

Recent financial health updates

Does Far Eastern New Century (TWSE:1402) Have A Healthy Balance Sheet?

Aug 01
Does Far Eastern New Century (TWSE:1402) Have A Healthy Balance Sheet?

Is Far Eastern New Century (TWSE:1402) A Risky Investment?

Feb 29
Is Far Eastern New Century (TWSE:1402) A Risky Investment?

Recent updates

Additional Considerations Required While Assessing Far Eastern New Century's (TWSE:1402) Strong Earnings

Nov 21
Additional Considerations Required While Assessing Far Eastern New Century's (TWSE:1402) Strong Earnings

Getting In Cheap On Far Eastern New Century Corporation (TWSE:1402) Is Unlikely

Nov 01
Getting In Cheap On Far Eastern New Century Corporation (TWSE:1402) Is Unlikely

Returns On Capital At Far Eastern New Century (TWSE:1402) Have Hit The Brakes

Oct 14
Returns On Capital At Far Eastern New Century (TWSE:1402) Have Hit The Brakes

Does Far Eastern New Century (TWSE:1402) Have A Healthy Balance Sheet?

Aug 01
Does Far Eastern New Century (TWSE:1402) Have A Healthy Balance Sheet?

Far Eastern New Century (TWSE:1402) Is Due To Pay A Dividend Of NT$1.35

Jul 05
Far Eastern New Century (TWSE:1402) Is Due To Pay A Dividend Of NT$1.35

Far Eastern New Century (TWSE:1402) Has More To Do To Multiply In Value Going Forward

Jul 03
Far Eastern New Century (TWSE:1402) Has More To Do To Multiply In Value Going Forward

Investors Appear Satisfied With Far Eastern New Century Corporation's (TWSE:1402) Prospects

Jun 14
Investors Appear Satisfied With Far Eastern New Century Corporation's (TWSE:1402) Prospects

Is Far Eastern New Century Corporation (TWSE:1402) Expensive For A Reason? A Look At Its Intrinsic Value

Apr 17
Is Far Eastern New Century Corporation (TWSE:1402) Expensive For A Reason? A Look At Its Intrinsic Value

We Think That There Are Some Issues For Far Eastern New Century (TWSE:1402) Beyond Its Promising Earnings

Mar 22
We Think That There Are Some Issues For Far Eastern New Century (TWSE:1402) Beyond Its Promising Earnings

Results: Far Eastern New Century Corporation Beat Earnings Expectations And Analysts Now Have New Forecasts

Mar 19
Results: Far Eastern New Century Corporation Beat Earnings Expectations And Analysts Now Have New Forecasts

Is Far Eastern New Century (TWSE:1402) A Risky Investment?

Feb 29
Is Far Eastern New Century (TWSE:1402) A Risky Investment?

Financial Position Analysis

Short Term Liabilities: 1402's short term assets (NT$144.5B) exceed its short term liabilities (NT$128.4B).

Long Term Liabilities: 1402's short term assets (NT$144.5B) do not cover its long term liabilities (NT$229.8B).


Debt to Equity History and Analysis

Debt Level: 1402's net debt to equity ratio (69.9%) is considered high.

Reducing Debt: 1402's debt to equity ratio has increased from 76.8% to 82.9% over the past 5 years.

Debt Coverage: 1402's debt is not well covered by operating cash flow (16.9%).

Interest Coverage: 1402's interest payments on its debt are well covered by EBIT (4.8x coverage).


Balance Sheet


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