Goodway Machine Balance Sheet Health
Financial Health criteria checks 5/6
Goodway Machine has a total shareholder equity of NT$7.0B and total debt of NT$4.0B, which brings its debt-to-equity ratio to 57.1%. Its total assets and total liabilities are NT$13.9B and NT$6.9B respectively. Goodway Machine's EBIT is NT$279.5M making its interest coverage ratio -5.8. It has cash and short-term investments of NT$3.6B.
Key information
57.1%
Debt to equity ratio
NT$4.03b
Debt
| Interest coverage ratio | -5.8x |
| Cash | NT$3.63b |
| Equity | NT$7.05b |
| Total liabilities | NT$6.88b |
| Total assets | NT$13.93b |
Recent financial health updates
Goodway Machine (TPE:1583) Has A Somewhat Strained Balance Sheet
Mar 22
Goodway Machine (TPE:1583) Has A Somewhat Strained Balance Sheet
Nov 27
Recent updates
Goodway Machine (TWSE:1583) Is Increasing Its Dividend To NT$4.00
Aug 13Goodway Machine's (TWSE:1583) Shareholders Will Receive A Bigger Dividend Than Last Year
Jul 27Goodway Machine's (TWSE:1583) Dividend Will Be Increased To NT$4.00
Jul 12We Think That There Are Some Issues For Goodway Machine (TWSE:1583) Beyond Its Promising Earnings
Mar 21Goodway Machine's (TPE:1583) Returns On Capital Tell Us There Is Reason To Feel Uneasy
Apr 06Goodway Machine (TPE:1583) Has A Somewhat Strained Balance Sheet
Mar 22How Does Goodway Machine Corp. (TPE:1583) Fare As A Dividend Stock?
Mar 07Goodway Machine Corp. (TPE:1583) On An Uptrend: Could Fundamentals Be Driving The Stock?
Feb 17What Percentage Of Goodway Machine Corp. (TPE:1583) Shares Do Insiders Own?
Feb 03Here's Why We Don't Think Goodway Machine's (TPE:1583) Statutory Earnings Reflect Its Underlying Earnings Potential
Jan 21Shareholders Of Goodway Machine (TPE:1583) Must Be Happy With Their 33% Return
Jan 07Here's What's Concerning About Goodway Machine (TPE:1583)
Dec 25Goodway Machine (TPE:1583) Has A Somewhat Strained Balance Sheet
Nov 27Financial Position Analysis
Short Term Liabilities: 1583's short term assets (NT$9.5B) exceed its short term liabilities (NT$6.1B).
Long Term Liabilities: 1583's short term assets (NT$9.5B) exceed its long term liabilities (NT$827.6M).
Debt to Equity History and Analysis
Debt Level: 1583's net debt to equity ratio (5.6%) is considered satisfactory.
Reducing Debt: 1583's debt to equity ratio has reduced from 83.1% to 57.1% over the past 5 years.
Debt Coverage: 1583's debt is not well covered by operating cash flow (18.4%).
Interest Coverage: 1583 earns more interest than it pays, so coverage of interest payments is not a concern.