Top High Image Balance Sheet Health
Financial Health criteria checks 3/6
Top High Image has a total shareholder equity of NT$1.4B and total debt of NT$1.1B, which brings its debt-to-equity ratio to 73.6%. Its total assets and total liabilities are NT$2.7B and NT$1.3B respectively. Top High Image's EBIT is NT$260.9M making its interest coverage ratio 13.8. It has cash and short-term investments of NT$429.8M.
Key information
73.6%
Debt to equity ratio
NT$1.06b
Debt
| Interest coverage ratio | 13.8x |
| Cash | NT$429.82m |
| Equity | NT$1.44b |
| Total liabilities | NT$1.29b |
| Total assets | NT$2.73b |
Financial Position Analysis
Short Term Liabilities: 3284's short term assets (NT$1.5B) exceed its short term liabilities (NT$556.8M).
Long Term Liabilities: 3284's short term assets (NT$1.5B) exceed its long term liabilities (NT$732.6M).
Debt to Equity History and Analysis
Debt Level: 3284's net debt to equity ratio (43.6%) is considered high.
Reducing Debt: 3284's debt to equity ratio has increased from 56.9% to 73.6% over the past 5 years.
Debt Coverage: 3284's debt is not well covered by operating cash flow (8.2%).
Interest Coverage: 3284's interest payments on its debt are well covered by EBIT (13.8x coverage).