New Asia Construction & Development Corp.

TWSE:2516 Stock Report

Market Cap: NT$2.7b

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 ratio54.1x
CashNT$1.03b
EquityNT$1.59b
Total liabilitiesNT$4.73b
Total assetsNT$6.33b

Recent financial health updates

Recent updates

New Asia Construction & Development's (TWSE:2516) Performance Is Even Better Than Its Earnings Suggest

Mar 21
New Asia Construction & Development's (TWSE:2516) Performance Is Even Better Than Its Earnings Suggest

New Asia Construction & Development (TWSE:2516) Has Debt But No Earnings; Should You Worry?

Mar 13
New Asia Construction & Development (TWSE:2516) Has Debt But No Earnings; Should You Worry?

Health Check: How Prudently Does New Asia Construction & Development (TPE:2516) Use Debt?

Feb 10
Health Check: How Prudently Does New Asia Construction & Development (TPE:2516) Use Debt?

Financial 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).


Balance Sheet


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