Far Eastern New Century Balance Sheet Health
Financial Health criteria checks 2/6
Far Eastern New Century has a total shareholder equity of NT$309.6B and total debt of NT$265.3B, which brings its debt-to-equity ratio to 85.7%. Its total assets and total liabilities are NT$671.4B and NT$361.8B respectively. Far Eastern New Century's EBIT is NT$15.0B making its interest coverage ratio 4.1. It has cash and short-term investments of NT$40.7B.
Key information
85.7%
Debt to equity ratio
NT$265.34b
Debt
| Interest coverage ratio | 4.1x |
| Cash | NT$40.69b |
| Equity | NT$309.64b |
| Total liabilities | NT$361.78b |
| Total assets | NT$671.42b |
Recent financial health updates
Is Far Eastern New Century (TWSE:1402) A Risky Investment?
Feb 29
Is Far Eastern New Century (TPE:1402) Using Too Much Debt?
Feb 03Recent updates
Is Far Eastern New Century Corporation (TWSE:1402) Expensive For A Reason? A Look At Its Intrinsic Value
Apr 17We Think That There Are Some Issues For Far Eastern New Century (TWSE:1402) Beyond Its Promising Earnings
Mar 22Results: Far Eastern New Century Corporation Beat Earnings Expectations And Analysts Now Have New Forecasts
Mar 19Is Far Eastern New Century (TWSE:1402) A Risky Investment?
Feb 29Factors Income Investors Should Consider Before Adding Far Eastern New Century Corporation (TPE:1402) To Their Portfolio
Apr 11Returns On Capital At Far Eastern New Century (TPE:1402) Paint A Concerning Picture
Mar 24Estimating The Fair Value Of Far Eastern New Century Corporation (TPE:1402)
Feb 21Is Far Eastern New Century (TPE:1402) Using Too Much Debt?
Feb 03Shareholders Of Far Eastern New Century (TPE:1402) Must Be Happy With Their 49% Return
Jan 19
Is Far Eastern New Century Corporation (TPE:1402) An Attractive Dividend Stock?
Jan 06Is Far Eastern New Century (TPE:1402) Headed For Trouble?
Dec 24Financial Position Analysis
Short Term Liabilities: 1402's short term assets (NT$140.9B) exceed its short term liabilities (NT$118.5B).
Long Term Liabilities: 1402's short term assets (NT$140.9B) do not cover its long term liabilities (NT$243.3B).
Debt to Equity History and Analysis
Debt Level: 1402's net debt to equity ratio (72.6%) is considered high.
Reducing Debt: 1402's debt to equity ratio has increased from 83.2% to 85.7% over the past 5 years.
Debt Coverage: 1402's debt is not well covered by operating cash flow (17.5%).
Interest Coverage: 1402's interest payments on its debt are well covered by EBIT (4.1x coverage).