Triocean Industrial Corporation Balance Sheet Health
Financial Health criteria checks 6/6
Triocean Industrial has a total shareholder equity of NT$1.4B and total debt of NT$609.2M, which brings its debt-to-equity ratio to 42.8%. Its total assets and total liabilities are NT$2.7B and NT$1.2B respectively. Triocean Industrial's EBIT is NT$129.4M making its interest coverage ratio 10.1. It has cash and short-term investments of NT$1.5B.
Key information
42.8%
Debt to equity ratio
NT$609.18m
Debt
| Interest coverage ratio | 10.1x |
| Cash | NT$1.50b |
| Equity | NT$1.42b |
| Total liabilities | NT$1.24b |
| Total assets | NT$2.67b |
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
Why 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$2.1B) exceed its short term liabilities (NT$1.1B).
Long Term Liabilities: 1472's short term assets (NT$2.1B) exceed its long term liabilities (NT$104.7M).
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 136.9% to 42.8% over the past 5 years.
Debt Coverage: 1472's debt is well covered by operating cash flow (28.7%).
Interest Coverage: 1472's interest payments on its debt are well covered by EBIT (10.1x coverage).