Sunspring Metal Balance Sheet Health
Financial Health criteria checks 6/6
Sunspring Metal has a total shareholder equity of NT$7.3B and total debt of NT$3.5B, which brings its debt-to-equity ratio to 48%. Its total assets and total liabilities are NT$12.8B and NT$5.5B respectively. Sunspring Metal's EBIT is NT$339.1M making its interest coverage ratio 9.7. It has cash and short-term investments of NT$1.3B.
Key information
48.0%
Debt to equity ratio
NT$3.52b
Debt
Interest coverage ratio | 9.7x |
Cash | NT$1.30b |
Equity | NT$7.35b |
Total liabilities | NT$5.49b |
Total assets | NT$12.84b |
Financial Position Analysis
Short Term Liabilities: 2062's short term assets (NT$5.8B) exceed its short term liabilities (NT$3.4B).
Long Term Liabilities: 2062's short term assets (NT$5.8B) exceed its long term liabilities (NT$2.1B).
Debt to Equity History and Analysis
Debt Level: 2062's net debt to equity ratio (30.2%) is considered satisfactory.
Reducing Debt: 2062's debt to equity ratio has reduced from 116% to 48% over the past 5 years.
Debt Coverage: 2062's debt is well covered by operating cash flow (36.3%).
Interest Coverage: 2062's interest payments on its debt are well covered by EBIT (9.7x coverage).