Taiwan Environment Scientific Balance Sheet Health
Financial Health criteria checks 6/6
Taiwan Environment Scientific has a total shareholder equity of NT$2.0B and total debt of NT$427.4M, which brings its debt-to-equity ratio to 21.6%. Its total assets and total liabilities are NT$3.3B and NT$1.3B respectively. Taiwan Environment Scientific's EBIT is NT$345.4M making its interest coverage ratio -20.8. It has cash and short-term investments of NT$373.6M.
Key information
21.6%
Debt to equity ratio
NT$427.43m
Debt
| Interest coverage ratio | -20.8x |
| Cash | NT$373.62m |
| Equity | NT$1.98b |
| Total liabilities | NT$1.30b |
| Total assets | NT$3.29b |
Recent financial health updates
Does Taiwan Environment Scientific (GTSM:8476) Have A Healthy Balance Sheet?
Apr 02
Would Taiwan Environment Scientific (GTSM:8476) Be Better Off With Less Debt?
Dec 16
Recent updates
Little Excitement Around Taiwan Environment Scientific Co., Ltd.'s (TWSE:8476) Earnings As Shares Take 46% Pounding
Nov 02There's Been No Shortage Of Growth Recently For Taiwan Environment Scientific's (TWSE:8476) Returns On Capital
Oct 31Taiwan Environment Scientific's (TWSE:8476) Weak Earnings May Only Reveal A Part Of The Whole Picture
Apr 04There's No Escaping Taiwan Environment Scientific Co., Ltd.'s (TWSE:8476) Muted Earnings Despite A 26% Share Price Rise
Mar 12Taiwan Environment Scientific (TWSE:8476) Is Investing Its Capital With Increasing Efficiency
Mar 06Does Taiwan Environment Scientific (GTSM:8476) Have A Healthy Balance Sheet?
Apr 02Would Taiwan Environment Scientific (GTSM:8476) Be Better Off With Less Debt?
Dec 16Financial Position Analysis
Short Term Liabilities: 8476's short term assets (NT$2.8B) exceed its short term liabilities (NT$1.1B).
Long Term Liabilities: 8476's short term assets (NT$2.8B) exceed its long term liabilities (NT$202.3M).
Debt to Equity History and Analysis
Debt Level: 8476's net debt to equity ratio (2.7%) is considered satisfactory.
Reducing Debt: 8476's debt to equity ratio has reduced from 156.7% to 21.6% over the past 5 years.
Debt Coverage: 8476's debt is well covered by operating cash flow (68.3%).
Interest Coverage: 8476 earns more interest than it pays, so coverage of interest payments is not a concern.