Evertop Wire Cable Balance Sheet Health
Financial Health criteria checks 6/6
Evertop Wire Cable has a total shareholder equity of NT$1.9B and total debt of NT$553.6M, which brings its debt-to-equity ratio to 28.9%. Its total assets and total liabilities are NT$3.5B and NT$1.6B respectively. Evertop Wire Cable's EBIT is NT$302.3M making its interest coverage ratio 8.2. It has cash and short-term investments of NT$405.5M.
Key information
28.9%
Debt to equity ratio
NT$553.56m
Debt
| Interest coverage ratio | 8.2x |
| Cash | NT$405.51m |
| Equity | NT$1.91b |
| Total liabilities | NT$1.58b |
| Total assets | NT$3.50b |
Recent financial health updates
Does Evertop Wire Cable (TPE:1616) Have A Healthy Balance Sheet?
Apr 05
We Think Evertop Wire Cable (TPE:1616) Has A Fair Chunk Of Debt
Dec 21
Recent updates
Evertop Wire Cable (TWSE:1616) Is Doing The Right Things To Multiply Its Share Price
Jun 19Further Upside For Evertop Wire Cable Corporation (TWSE:1616) Shares Could Introduce Price Risks After 26% Bounce
Apr 29We Think Evertop Wire Cable's (TWSE:1616) Robust Earnings Are Conservative
Mar 25There Is A Reason Evertop Wire Cable Corporation's (TWSE:1616) Price Is Undemanding
Mar 13Does Evertop Wire Cable (TPE:1616) Have A Healthy Balance Sheet?
Apr 05We Think Evertop Wire Cable (TPE:1616) Has A Fair Chunk Of Debt
Dec 21Financial Position Analysis
Short Term Liabilities: 1616's short term assets (NT$2.6B) exceed its short term liabilities (NT$1.4B).
Long Term Liabilities: 1616's short term assets (NT$2.6B) exceed its long term liabilities (NT$146.7M).
Debt to Equity History and Analysis
Debt Level: 1616's net debt to equity ratio (7.7%) is considered satisfactory.
Reducing Debt: 1616's debt to equity ratio has reduced from 60.7% to 28.9% over the past 5 years.
Debt Coverage: 1616's debt is well covered by operating cash flow (81.7%).
Interest Coverage: 1616's interest payments on its debt are well covered by EBIT (8.2x coverage).