New Asia Construction & Development Balance Sheet Health
Financial Health criteria checks 5/6
New Asia Construction & Development has a total shareholder equity of NT$1.6B and total debt of NT$956.1M, which brings its debt-to-equity ratio to 60%. Its total assets and total liabilities are NT$6.3B and NT$4.7B respectively. New Asia Construction & Development's EBIT is NT$156.7M making its interest coverage ratio 54.1. It has cash and short-term investments of NT$1.0B.
Key information
60.0%
Debt to equity ratio
NT$956.12m
Debt
| Interest coverage ratio | 54.1x |
| Cash | NT$1.03b |
| Equity | NT$1.59b |
| Total liabilities | NT$4.73b |
| Total assets | NT$6.33b |
Recent financial health updates
New Asia Construction & Development (TWSE:2516) Has Debt But No Earnings; Should You Worry?
Mar 13
Health Check: How Prudently Does New Asia Construction & Development (TPE:2516) Use Debt?
Feb 10Recent updates
New Asia Construction & Development's (TWSE:2516) Performance Is Even Better Than Its Earnings Suggest
Mar 21New Asia Construction & Development (TWSE:2516) Has Debt But No Earnings; Should You Worry?
Mar 13Health Check: How Prudently Does New Asia Construction & Development (TPE:2516) Use Debt?
Feb 10Financial Position Analysis
Short Term Liabilities: 2516's short term assets (NT$4.7B) exceed its short term liabilities (NT$4.6B).
Long Term Liabilities: 2516's short term assets (NT$4.7B) exceed its long term liabilities (NT$123.9M).
Debt to Equity History and Analysis
Debt Level: 2516 has more cash than its total debt.
Reducing Debt: 2516's debt to equity ratio has reduced from 97.8% to 60% over the past 5 years.
Debt Coverage: 2516's debt is not well covered by operating cash flow (14.5%).
Interest Coverage: 2516's interest payments on its debt are well covered by EBIT (54.1x coverage).