Goodway Machine Balance Sheet Health

Financial Health criteria checks 5/6

Goodway Machine has a total shareholder equity of NT$7.4B and total debt of NT$3.7B, which brings its debt-to-equity ratio to 50%. Its total assets and total liabilities are NT$14.1B and NT$6.8B respectively. Goodway Machine's EBIT is NT$167.0M making its interest coverage ratio -4. It has cash and short-term investments of NT$3.7B.

Key information

50.0%

Debt to equity ratio

NT$3.68b

Debt

Interest coverage ratio-4x
CashNT$3.75b
EquityNT$7.35b
Total liabilitiesNT$6.78b
Total assetsNT$14.13b

Recent financial health updates

Recent updates

Goodway Machine's (TWSE:1583) Sluggish Earnings Might Be Just The Beginning Of Its Problems

Nov 20
Goodway Machine's (TWSE:1583) Sluggish Earnings Might Be Just The Beginning Of Its Problems

Goodway Machine (TWSE:1583) Is Increasing Its Dividend To NT$4.00

Aug 13
Goodway Machine (TWSE:1583) Is Increasing Its Dividend To NT$4.00

Goodway Machine's (TWSE:1583) Shareholders Will Receive A Bigger Dividend Than Last Year

Jul 27
Goodway Machine's (TWSE:1583) Shareholders Will Receive A Bigger Dividend Than Last Year

Goodway Machine's (TWSE:1583) Dividend Will Be Increased To NT$4.00

Jul 12
Goodway Machine's (TWSE:1583) Dividend Will Be Increased To NT$4.00

We Think That There Are Some Issues For Goodway Machine (TWSE:1583) Beyond Its Promising Earnings

Mar 21
We Think That There Are Some Issues For Goodway Machine (TWSE:1583) Beyond Its Promising Earnings

Goodway Machine's (TPE:1583) Returns On Capital Tell Us There Is Reason To Feel Uneasy

Apr 06
Goodway Machine's (TPE:1583) Returns On Capital Tell Us There Is Reason To Feel Uneasy

Goodway Machine (TPE:1583) Has A Somewhat Strained Balance Sheet

Mar 22
Goodway Machine (TPE:1583) Has A Somewhat Strained Balance Sheet

How Does Goodway Machine Corp. (TPE:1583) Fare As A Dividend Stock?

Mar 07
How Does Goodway Machine Corp. (TPE:1583) Fare As A Dividend Stock?

Goodway Machine Corp. (TPE:1583) On An Uptrend: Could Fundamentals Be Driving The Stock?

Feb 17
Goodway Machine Corp. (TPE:1583) On An Uptrend: Could Fundamentals Be Driving The Stock?

What Percentage Of Goodway Machine Corp. (TPE:1583) Shares Do Insiders Own?

Feb 03
What Percentage Of Goodway Machine Corp. (TPE:1583) Shares Do Insiders Own?

Here's Why We Don't Think Goodway Machine's (TPE:1583) Statutory Earnings Reflect Its Underlying Earnings Potential

Jan 21
Here's Why We Don't Think Goodway Machine's (TPE:1583) Statutory Earnings Reflect Its Underlying Earnings Potential

Shareholders Of Goodway Machine (TPE:1583) Must Be Happy With Their 33% Return

Jan 07
Shareholders Of Goodway Machine (TPE:1583) Must Be Happy With Their 33% Return

Here's What's Concerning About Goodway Machine (TPE:1583)

Dec 25
Here's What's Concerning About Goodway Machine (TPE:1583)

Goodway Machine (TPE:1583) Has A Somewhat Strained Balance Sheet

Nov 27
Goodway Machine (TPE:1583) Has A Somewhat Strained Balance Sheet

Financial Position Analysis

Short Term Liabilities: 1583's short term assets (NT$9.3B) exceed its short term liabilities (NT$5.5B).

Long Term Liabilities: 1583's short term assets (NT$9.3B) exceed its long term liabilities (NT$1.3B).


Debt to Equity History and Analysis

Debt Level: 1583 has more cash than its total debt.

Reducing Debt: 1583's debt to equity ratio has reduced from 82.9% to 50% over the past 5 years.

Debt Coverage: 1583's debt is not well covered by operating cash flow (9.7%).

Interest Coverage: 1583 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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