Cleanaway Balance Sheet Health
Financial Health criteria checks 2/6
Cleanaway has a total shareholder equity of NT$6.8B and total debt of NT$6.3B, which brings its debt-to-equity ratio to 92.8%. Its total assets and total liabilities are NT$15.3B and NT$8.5B respectively. Cleanaway's EBIT is NT$1.3B making its interest coverage ratio 27.4. It has cash and short-term investments of NT$1.6B.
Key information
92.8%
Debt to equity ratio
NT$6.32b
Debt
| Interest coverage ratio | 27.4x |
| Cash | NT$1.58b |
| Equity | NT$6.80b |
| Total liabilities | NT$8.50b |
| Total assets | NT$15.31b |
Recent financial health updates
Recent updates
Is Cleanaway (TPE:8422) Using Too Much Debt?
Apr 14
Some Investors May Be Willing To Look Past Cleanaway's (TPE:8422) Soft Earnings
Mar 05Could Cleanaway (TPE:8422) Multiply In Value?
Feb 18Do Investors Have Good Reason To Be Wary Of Cleanaway Company Limited's (TPE:8422) 6.2% Dividend Yield?
Jan 20Can Cleanaway Company Limited (TPE:8422) Performance Keep Up Given Its Mixed Bag Of Fundamentals?
Dec 16
Cleanaway (TPE:8422) Long Term Shareholders are 20% In The Black
Nov 25Financial Position Analysis
Short Term Liabilities: 8422's short term assets (NT$3.5B) exceed its short term liabilities (NT$2.8B).
Long Term Liabilities: 8422's short term assets (NT$3.5B) do not cover its long term liabilities (NT$5.7B).
Debt to Equity History and Analysis
Debt Level: 8422's net debt to equity ratio (69.7%) is considered high.
Reducing Debt: 8422's debt to equity ratio has increased from 6.3% to 92.8% over the past 5 years.
Debt Coverage: 8422's debt is not well covered by operating cash flow (7.5%).
Interest Coverage: 8422's interest payments on its debt are well covered by EBIT (27.4x coverage).