Triocean Industrial Corporation Balance Sheet Health
Financial Health criteria checks 6/6
Triocean Industrial has a total shareholder equity of NT$2.0B and total debt of NT$141.0M, which brings its debt-to-equity ratio to 7.2%. Its total assets and total liabilities are NT$3.4B and NT$1.4B respectively. Triocean Industrial's EBIT is NT$177.0M making its interest coverage ratio 47.8. It has cash and short-term investments of NT$1.0B.
Key information
7.2%
Debt to equity ratio
NT$141.02m
Debt
| Interest coverage ratio | 47.8x |
| Cash | NT$1.02b |
| Equity | NT$1.95b |
| Total liabilities | NT$1.45b |
| Total assets | NT$3.40b |
Recent financial health updates
Is Tri Ocean Textile (TPE:1472) Weighed On By Its Debt Load?
Mar 04
Is Tri Ocean Textile (TPE:1472) A Risky Investment?
Nov 19Recent updates
Triocean Industrial Corporation's (TWSE:1472) Earnings Are Of Questionable Quality
Nov 21Why Triocean Industrial Corporation's (TWSE:1472) Earnings Are Weaker Than They Seem
Mar 20Why Investors Shouldn't Be Surprised By Triocean Industrial Corporation Co., Ltd.'s (TWSE:1472) 28% Share Price Surge
Mar 05Triocean Industrial Corporation (TWSE:1472) Is Doing The Right Things To Multiply Its Share Price
Mar 04Is Tri Ocean Textile (TPE:1472) Weighed On By Its Debt Load?
Mar 04Is Tri Ocean Textile (TPE:1472) A Risky Investment?
Nov 19Financial Position Analysis
Short Term Liabilities: 1472's short term assets (NT$2.7B) exceed its short term liabilities (NT$1.2B).
Long Term Liabilities: 1472's short term assets (NT$2.7B) exceed its long term liabilities (NT$273.2M).
Debt to Equity History and Analysis
Debt Level: 1472 has more cash than its total debt.
Reducing Debt: 1472's debt to equity ratio has reduced from 153% to 7.2% over the past 5 years.
Debt Coverage: 1472's debt is well covered by operating cash flow (386.8%).
Interest Coverage: 1472's interest payments on its debt are well covered by EBIT (47.8x coverage).