Hua Eng Wire & Cable Balance Sheet Health
Financial Health criteria checks 6/6
Hua Eng Wire & Cable has a total shareholder equity of NT$8.7B and total debt of NT$2.9B, which brings its debt-to-equity ratio to 33.4%. Its total assets and total liabilities are NT$13.3B and NT$4.6B respectively. Hua Eng Wire & Cable's EBIT is NT$502.2M making its interest coverage ratio -6.2. It has cash and short-term investments of NT$1.0B.
Key information
33.4%
Debt to equity ratio
NT$2.91b
Debt
| Interest coverage ratio | -6.2x |
| Cash | NT$1.04b |
| Equity | NT$8.69b |
| Total liabilities | NT$4.62b |
| Total assets | NT$13.31b |
Recent financial health updates
Recent updates
Hua Eng Wire & Cable's (TWSE:1608) Profits May Not Reveal Underlying Issues
Mar 15
Hua Eng Wire & Cable Co., Ltd. (TWSE:1608) Held Back By Insufficient Growth Even After Shares Climb 28%
Mar 14Is Hua Eng Wire & Cable Co., Ltd. (TPE:1608) At Risk Of Cutting Its Dividend?
Apr 05Is Hua Eng Wire & Cable (TPE:1608) A Risky Investment?
Mar 18What Do The Returns At Hua Eng Wire & Cable (TPE:1608) Mean Going Forward?
Feb 28Here's Why We Don't Think Hua Eng Wire & Cable's (TPE:1608) Statutory Earnings Reflect Its Underlying Earnings Potential
Feb 10
Shareholders Of Hua Eng Wire & Cable (TPE:1608) Must Be Happy With Their 102% Total Return
Jan 23Hua Eng Wire & Cable Co., Ltd.'s (TPE:1608) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?
Jan 05Should You Or Shouldn't You: A Dividend Analysis on Hua Eng Wire & Cable Co., Ltd. (TPE:1608)
Dec 21Insufficient Growth At Hua Eng Wire & Cable Co., Ltd. (TPE:1608) Hampers Share Price
Dec 06Returns On Capital - An Important Metric For Hua Eng Wire & Cable (TPE:1608)
Nov 18Financial Position Analysis
Short Term Liabilities: 1608's short term assets (NT$6.9B) exceed its short term liabilities (NT$3.6B).
Long Term Liabilities: 1608's short term assets (NT$6.9B) exceed its long term liabilities (NT$988.6M).
Debt to Equity History and Analysis
Debt Level: 1608's net debt to equity ratio (21.4%) is considered satisfactory.
Reducing Debt: 1608's debt to equity ratio has reduced from 34.8% to 33.4% over the past 5 years.
Debt Coverage: 1608's debt is well covered by operating cash flow (34.3%).
Interest Coverage: 1608 earns more interest than it pays, so coverage of interest payments is not a concern.