Sunny Friend Environmental Technology Balance Sheet Health
Financial Health criteria checks 3/6
Sunny Friend Environmental Technology has a total shareholder equity of NT$5.3B and total debt of NT$3.3B, which brings its debt-to-equity ratio to 63.5%. Its total assets and total liabilities are NT$10.4B and NT$5.1B respectively. Sunny Friend Environmental Technology's EBIT is NT$602.7M making its interest coverage ratio 9.7. It has cash and short-term investments of NT$948.2M.
Key information
63.5%
Debt to equity ratio
NT$3.34b
Debt
Interest coverage ratio | 9.7x |
Cash | NT$948.16m |
Equity | NT$5.27b |
Total liabilities | NT$5.10b |
Total assets | NT$10.37b |
Recent financial health updates
Here's Why Sunny Friend Environmental Technology (TPE:8341) Can Manage Its Debt Responsibly
Mar 25We Think Sunny Friend Environmental Technology (TPE:8341) Can Stay On Top Of Its Debt
Dec 16Recent updates
Does It Make Sense To Buy Sunny Friend Environmental Technology Co., Ltd. (TPE:8341) For Its Yield?
Apr 14Here's Why Sunny Friend Environmental Technology (TPE:8341) Can Manage Its Debt Responsibly
Mar 25The Returns At Sunny Friend Environmental Technology (TPE:8341) Provide Us With Signs Of What's To Come
Feb 25Is Sunny Friend Environmental Technology Co., Ltd.'s (TPE:8341) 34% ROE Better Than Average?
Feb 11Sunny Friend Environmental Technology (TPE:8341) Has Compensated Shareholders With A Respectable 94% Return On Their Investment
Jan 28Are Institutions Heavily Invested In Sunny Friend Environmental Technology Co., Ltd.'s (TPE:8341) Shares?
Jan 14How Much Did Sunny Friend Environmental Technology's (TPE:8341) CEO Pocket Last Year?
Dec 30We Think Sunny Friend Environmental Technology (TPE:8341) Can Stay On Top Of Its Debt
Dec 16Are Dividend Investors Making A Mistake With Sunny Friend Environmental Technology Co., Ltd. (TPE:8341)?
Nov 30Financial Position Analysis
Short Term Liabilities: 8341's short term assets (NT$1.8B) exceed its short term liabilities (NT$1.1B).
Long Term Liabilities: 8341's short term assets (NT$1.8B) do not cover its long term liabilities (NT$4.0B).
Debt to Equity History and Analysis
Debt Level: 8341's net debt to equity ratio (45.5%) is considered high.
Reducing Debt: 8341's debt to equity ratio has increased from 25.8% to 63.5% over the past 5 years.
Debt Coverage: 8341's debt is well covered by operating cash flow (25.4%).
Interest Coverage: 8341's interest payments on its debt are well covered by EBIT (9.7x coverage).