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$378.6M, which brings its debt-to-equity ratio to 23.5%. Its total assets and total liabilities are NT$2.4B and NT$814.5M respectively. Chiu Ting Machinery's EBIT is NT$96.2M making its interest coverage ratio -29.8. It has cash and short-term investments of NT$615.3M.
Key information
23.5%
Debt to equity ratio
NT$378.56m
Debt
| Interest coverage ratio | -29.8x |
| Cash | NT$615.33m |
| Equity | NT$1.61b |
| Total liabilities | NT$814.50m |
| Total assets | NT$2.43b |
Recent financial health updates
Recent updates
Chiu Ting Machinery's (TWSE:1539) Shareholders Will Receive A Smaller Dividend Than Last Year
Aug 11
Earnings 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$1.2B) exceed its short term liabilities (NT$522.4M).
Long Term Liabilities: 1539's short term assets (NT$1.2B) exceed its long term liabilities (NT$292.1M).
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 69.1% to 23.5% over the past 5 years.
Debt Coverage: 1539's debt is well covered by operating cash flow (73.7%).
Interest Coverage: 1539 earns more interest than it pays, so coverage of interest payments is not a concern.