Chiu Ting Machinery Balance Sheet Health
Financial Health criteria checks 6/6
Chiu Ting Machinery has a total shareholder equity of NT$1.6B and total debt of NT$381.4M, which brings its debt-to-equity ratio to 23.6%. Its total assets and total liabilities are NT$2.3B and NT$683.0M respectively. Chiu Ting Machinery's EBIT is NT$84.0M making its interest coverage ratio -21.3. It has cash and short-term investments of NT$527.3M.
Key information
23.6%
Debt to equity ratio
NT$381.37m
Debt
| Interest coverage ratio | -21.3x |
| Cash | NT$527.28m |
| Equity | NT$1.61b |
| Total liabilities | NT$682.99m |
| Total assets | NT$2.30b |
Recent financial health updates
Recent updates
It's A Story Of Risk Vs Reward With Chiu Ting Machinery Co., Ltd. (TWSE:1539)
Nov 14
Chiu Ting Machinery's (TWSE:1539) Returns On Capital Not Reflecting Well On The Business
Oct 21Chiu Ting Machinery (TWSE:1539) Is Reducing Its Dividend To NT$0.60
Aug 25Chiu Ting Machinery's (TWSE:1539) Soft Earnings Are Actually Better Than They Appear
Aug 19Chiu Ting Machinery's (TWSE:1539) Shareholders Will Receive A Smaller Dividend Than Last Year
Aug 11Earnings Working Against Chiu Ting Machinery Co., Ltd.'s (TWSE:1539) Share Price
Aug 07Does It Make Sense To Buy Chiu Ting Machinery Co., Ltd. (TPE:1539) For Its Yield?
Mar 13Here's Why Chiu Ting Machinery (TPE:1539) Is Weighed Down By Its Debt Load
Feb 06What Do The Returns On Capital At Chiu Ting Machinery (TPE:1539) Tell Us?
Jan 02
Should You Buy Chiu Ting Machinery Co., Ltd. (TPE:1539) For Its 3.9% Dividend?
Nov 28Financial Position Analysis
Short Term Liabilities: 1539's short term assets (NT$1.1B) exceed its short term liabilities (NT$403.9M).
Long Term Liabilities: 1539's short term assets (NT$1.1B) exceed its long term liabilities (NT$279.0M).
Debt to Equity History and Analysis
Debt Level: 1539 has more cash than its total debt.
Reducing Debt: 1539's debt to equity ratio has reduced from 82.8% to 23.6% over the past 5 years.
Debt Coverage: 1539's debt is well covered by operating cash flow (42.6%).
Interest Coverage: 1539 earns more interest than it pays, so coverage of interest payments is not a concern.