Taiwan Fu Hsing IndustrialLtd Balance Sheet Health
Financial Health criteria checks 6/6
Taiwan Fu Hsing IndustrialLtd has a total shareholder equity of NT$7.0B and total debt of NT$361.3M, which brings its debt-to-equity ratio to 5.1%. Its total assets and total liabilities are NT$9.6B and NT$2.6B respectively. Taiwan Fu Hsing IndustrialLtd's EBIT is NT$1.1B making its interest coverage ratio -22.3. It has cash and short-term investments of NT$3.1B.
Key information
5.1%
Debt to equity ratio
NT$361.28m
Debt
| Interest coverage ratio | -22.3x |
| Cash | NT$3.08b |
| Equity | NT$7.04b |
| Total liabilities | NT$2.60b |
| Total assets | NT$9.64b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9924's short term assets (NT$5.8B) exceed its short term liabilities (NT$2.0B).
Long Term Liabilities: 9924's short term assets (NT$5.8B) exceed its long term liabilities (NT$594.3M).
Debt to Equity History and Analysis
Debt Level: 9924 has more cash than its total debt.
Reducing Debt: 9924's debt to equity ratio has reduced from 7.1% to 5.1% over the past 5 years.
Debt Coverage: 9924's debt is well covered by operating cash flow (233.3%).
Interest Coverage: 9924 earns more interest than it pays, so coverage of interest payments is not a concern.