Forest Water Environmental Engineering Balance Sheet Health
Financial Health criteria checks 2/6
Forest Water Environmental Engineering has a total shareholder equity of NT$7.5B and total debt of NT$5.4B, which brings its debt-to-equity ratio to 71.9%. Its total assets and total liabilities are NT$15.4B and NT$8.0B respectively. Forest Water Environmental Engineering's EBIT is NT$407.0M making its interest coverage ratio 2.6. It has cash and short-term investments of NT$2.7B.
Key information
71.9%
Debt to equity ratio
NT$5.36b
Debt
Interest coverage ratio | 2.6x |
Cash | NT$2.75b |
Equity | NT$7.46b |
Total liabilities | NT$7.98b |
Total assets | NT$15.44b |
Recent financial health updates
Recent updates
Concerns Surrounding Forest Water Environmental Engineering's (TWSE:8473) Performance
Apr 05Revenues Working Against Forest Water Environmental Engineering Co., Ltd.'s (TWSE:8473) Share Price
Mar 21Should You Buy Forest Water Environmental Engineering Co., Ltd. (TPE:8473) For Its Dividend?
Feb 25Is Forest Water Environmental Engineering (TPE:8473) Using Too Much Debt?
Jan 21Forest Water Environmental Engineering Co., Ltd. (TPE:8473) Stock's On A Decline: Are Poor Fundamentals The Cause?
Dec 16Is Forest Water Environmental Engineering (TPE:8473) Likely To Turn Things Around?
Nov 18Financial Position Analysis
Short Term Liabilities: 8473's short term assets (NT$5.3B) do not cover its short term liabilities (NT$5.6B).
Long Term Liabilities: 8473's short term assets (NT$5.3B) exceed its long term liabilities (NT$2.4B).
Debt to Equity History and Analysis
Debt Level: 8473's net debt to equity ratio (35%) is considered satisfactory.
Reducing Debt: 8473's debt to equity ratio has increased from 65.9% to 71.9% over the past 5 years.
Debt Coverage: 8473's debt is not well covered by operating cash flow (10.6%).
Interest Coverage: 8473's interest payments on its debt are not well covered by EBIT (2.6x coverage).