Evertop Wire Cable Corporation

TWSE:1616 Stock Report

Market Cap: NT$4.4b

Evertop Wire Cable Balance Sheet Health

Financial Health criteria checks 5/6

Evertop Wire Cable has a total shareholder equity of NT$1.9B and total debt of NT$1.1B, which brings its debt-to-equity ratio to 56.7%. Its total assets and total liabilities are NT$4.2B and NT$2.3B respectively. Evertop Wire Cable's EBIT is NT$250.4M making its interest coverage ratio 6.2. It has cash and short-term investments of NT$1.0B.

Key information

56.7%

Debt to equity ratio

NT$1.08b

Debt

Interest coverage ratio6.2x
CashNT$1.05b
EquityNT$1.91b
Total liabilitiesNT$2.30b
Total assetsNT$4.21b

Recent financial health updates

Does Evertop Wire Cable (TPE:1616) Have A Healthy Balance Sheet?

Apr 05
Does Evertop Wire Cable (TPE:1616) Have A Healthy Balance Sheet?

We Think Evertop Wire Cable (TPE:1616) Has A Fair Chunk Of Debt

Dec 21
We Think Evertop Wire Cable (TPE:1616) Has A Fair Chunk Of Debt

Recent updates

Evertop Wire Cable's (TWSE:1616) Solid Earnings Have Been Accounted For Conservatively

Nov 21
Evertop Wire Cable's (TWSE:1616) Solid Earnings Have Been Accounted For Conservatively

If EPS Growth Is Important To You, Evertop Wire Cable (TWSE:1616) Presents An Opportunity

Sep 28
If EPS Growth Is Important To You, Evertop Wire Cable (TWSE:1616) Presents An Opportunity

Evertop Wire Cable (TWSE:1616) Is Doing The Right Things To Multiply Its Share Price

Jun 19
Evertop Wire Cable (TWSE:1616) Is Doing The Right Things To Multiply Its Share Price

Further Upside For Evertop Wire Cable Corporation (TWSE:1616) Shares Could Introduce Price Risks After 26% Bounce

Apr 29
Further Upside For Evertop Wire Cable Corporation (TWSE:1616) Shares Could Introduce Price Risks After 26% Bounce

We Think Evertop Wire Cable's (TWSE:1616) Robust Earnings Are Conservative

Mar 25
We Think Evertop Wire Cable's (TWSE:1616) Robust Earnings Are Conservative

There Is A Reason Evertop Wire Cable Corporation's (TWSE:1616) Price Is Undemanding

Mar 13
There Is A Reason Evertop Wire Cable Corporation's (TWSE:1616) Price Is Undemanding

Does Evertop Wire Cable (TPE:1616) Have A Healthy Balance Sheet?

Apr 05
Does Evertop Wire Cable (TPE:1616) Have A Healthy Balance Sheet?

We Think Evertop Wire Cable (TPE:1616) Has A Fair Chunk Of Debt

Dec 21
We Think Evertop Wire Cable (TPE:1616) Has A Fair Chunk Of Debt

Financial Position Analysis

Short Term Liabilities: 1616's short term assets (NT$3.3B) exceed its short term liabilities (NT$2.3B).

Long Term Liabilities: 1616's short term assets (NT$3.3B) exceed its long term liabilities (NT$26.1M).

Debt to Equity History and Analysis

Debt Level: 1616's net debt to equity ratio (1.9%) is considered satisfactory.

Reducing Debt: 1616's debt to equity ratio has reduced from 72% to 56.7% over the past 5 years.

Debt Coverage: 1616's debt is not well covered by operating cash flow (10.6%).

Interest Coverage: 1616's interest payments on its debt are well covered by EBIT (6.2x coverage).

Balance Sheet

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