Forest Water Environmental Engineering Balance Sheet Health
Financial Health criteria checks 5/6
Forest Water Environmental Engineering has a total shareholder equity of NT$7.8B and total debt of NT$4.8B, which brings its debt-to-equity ratio to 61.4%. Its total assets and total liabilities are NT$15.2B and NT$7.3B respectively. Forest Water Environmental Engineering's EBIT is NT$481.3M making its interest coverage ratio 3.5. It has cash and short-term investments of NT$2.0B.
Key information
61.4%
Debt to equity ratio
NT$4.81b
Debt
| Interest coverage ratio | 3.5x |
| Cash | NT$2.00b |
| Equity | NT$7.84b |
| Total liabilities | NT$7.34b |
| Total assets | NT$15.18b |
Recent financial health updates
Recent updates
We Think That There Are Some Issues For Forest Water Environmental Engineering (TWSE:8473) Beyond Its Promising Earnings
Nov 22
Revenues Not Telling The Story For Forest Water Environmental Engineering Co., Ltd. (TWSE:8473) After Shares Rise 29%
Jul 19Slowing Rates Of Return At Forest Water Environmental Engineering (TWSE:8473) Leave Little Room For Excitement
Jun 18Concerns 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 21
Forest 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) exceed its short term liabilities (NT$4.7B).
Long Term Liabilities: 8473's short term assets (NT$5.3B) exceed its long term liabilities (NT$2.6B).
Debt to Equity History and Analysis
Debt Level: 8473's net debt to equity ratio (35.9%) is considered satisfactory.
Reducing Debt: 8473's debt to equity ratio has reduced from 73.4% to 61.4% over the past 5 years.
Debt Coverage: 8473's debt is not well covered by operating cash flow (10.1%).
Interest Coverage: 8473's interest payments on its debt are well covered by EBIT (3.5x coverage).