Kung Sing Engineering Balance Sheet Health
Financial Health criteria checks 5/6
Kung Sing Engineering has a total shareholder equity of NT$5.4B and total debt of NT$895.1M, which brings its debt-to-equity ratio to 16.6%. Its total assets and total liabilities are NT$8.7B and NT$3.3B respectively. Kung Sing Engineering's EBIT is NT$44.7M making its interest coverage ratio -2.5. It has cash and short-term investments of NT$1.5B.
Key information
16.6%
Debt to equity ratio
NT$895.15m
Debt
| Interest coverage ratio | -2.5x |
| Cash | NT$1.49b |
| Equity | NT$5.40b |
| Total liabilities | NT$3.35b |
| Total assets | NT$8.75b |
Recent financial health updates
Does Kung Sing Engineering (TPE:5521) Have A Healthy Balance Sheet?
Mar 16
Does Kung Sing Engineering (TPE:5521) Have A Healthy Balance Sheet?
Nov 29Recent updates
Kung Sing Engineering Corporation's (TWSE:5521) Business Is Trailing The Industry But Its Shares Aren't
Mar 06Does Kung Sing Engineering (TPE:5521) Have A Healthy Balance Sheet?
Mar 16Reflecting on Kung Sing Engineering's (TPE:5521) Share Price Returns Over The Last Three Years
Feb 15
These Trends Paint A Bright Future For Kung Sing Engineering (TPE:5521)
Jan 17Are Kung Sing Engineering's (TPE:5521) Statutory Earnings A Good Reflection Of Its Earnings Potential?
Dec 21Does Kung Sing Engineering (TPE:5521) Have A Healthy Balance Sheet?
Nov 29Financial Position Analysis
Short Term Liabilities: 5521's short term assets (NT$7.7B) exceed its short term liabilities (NT$3.2B).
Long Term Liabilities: 5521's short term assets (NT$7.7B) exceed its long term liabilities (NT$178.8M).
Debt to Equity History and Analysis
Debt Level: 5521 has more cash than its total debt.
Reducing Debt: 5521's debt to equity ratio has reduced from 85.9% to 16.6% over the past 5 years.
Debt Coverage: 5521's debt is not well covered by operating cash flow (14.8%).
Interest Coverage: 5521 earns more interest than it pays, so coverage of interest payments is not a concern.