Jung Shing Wire Balance Sheet Health
Financial Health criteria checks 5/6
Jung Shing Wire has a total shareholder equity of NT$2.3B and total debt of NT$975.3M, which brings its debt-to-equity ratio to 42.4%. Its total assets and total liabilities are NT$3.7B and NT$1.4B respectively. Jung Shing Wire's EBIT is NT$24.9M making its interest coverage ratio -4.6. It has cash and short-term investments of NT$1.2B.
Key information
42.4%
Debt to equity ratio
NT$975.29m
Debt
| Interest coverage ratio | -4.6x |
| Cash | NT$1.16b |
| Equity | NT$2.30b |
| Total liabilities | NT$1.40b |
| Total assets | NT$3.69b |
Recent financial health updates
Jung Shing Wire (TWSE:1617) Has A Pretty Healthy Balance Sheet
Sep 09
Is Jung Shing Wire (TPE:1617) A Risky Investment?
Apr 04Jung Shing Wire (TPE:1617) Could Easily Take On More Debt
Jan 04
Recent updates
Jung Shing Wire (TWSE:1617) Has A Pretty Healthy Balance Sheet
Sep 09Jung Shing Wire (TWSE:1617) Will Pay A Smaller Dividend Than Last Year
Jul 26Jung Shing Wire (TWSE:1617) Will Pay A Dividend Of NT$0.30
Jul 12There's No Escaping Jung Shing Wire Co., Ltd.'s (TWSE:1617) Muted Revenues Despite A 25% Share Price Rise
Apr 15Is Jung Shing Wire (TPE:1617) A Risky Investment?
Apr 04Can Jung Shing Wire (TPE:1617) Continue To Grow Its Returns On Capital?
Mar 17Jung Shing Wire Co., Ltd.'s (TPE:1617) Stock Is Going Strong: Have Financials A Role To Play?
Feb 27Is Jung Shing Wire Co., Ltd. (TPE:1617) An Attractive Dividend Stock?
Feb 09Shareholders Of Jung Shing Wire (TPE:1617) Must Be Happy With Their 166% Total Return
Jan 22Jung Shing Wire (TPE:1617) Could Easily Take On More Debt
Jan 04What We Make Of Jung Shing Wire's (TPE:1617) Returns On Capital
Dec 17Jung Shing Wire Co., Ltd.'s (TPE:1617) Stock Has Shown A Decent Performance: Have Financials A Role To Play?
Nov 29Financial Position Analysis
Short Term Liabilities: 1617's short term assets (NT$2.5B) exceed its short term liabilities (NT$1.3B).
Long Term Liabilities: 1617's short term assets (NT$2.5B) exceed its long term liabilities (NT$75.1M).
Debt to Equity History and Analysis
Debt Level: 1617 has more cash than its total debt.
Reducing Debt: 1617's debt to equity ratio has reduced from 45.4% to 42.4% over the past 5 years.
Debt Coverage: 1617's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 1617 earns more interest than it pays, so coverage of interest payments is not a concern.