Taiwan Environment Scientific Balance Sheet Health
Financial Health criteria checks 5/6
Taiwan Environment Scientific has a total shareholder equity of NT$1.9B and total debt of NT$396.5M, which brings its debt-to-equity ratio to 20.5%. Its total assets and total liabilities are NT$2.8B and NT$888.7M respectively. Taiwan Environment Scientific's EBIT is NT$430.5M making its interest coverage ratio -26.2. It has cash and short-term investments of NT$238.7M.
Key information
20.5%
Debt to equity ratio
NT$396.46m
Debt
| Interest coverage ratio | -26.2x |
| Cash | NT$238.68m |
| Equity | NT$1.94b |
| Total liabilities | NT$888.67m |
| Total assets | NT$2.83b |
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
Taiwan 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$2.3B) exceed its short term liabilities (NT$663.0M).
Long Term Liabilities: 8476's short term assets (NT$2.3B) exceed its long term liabilities (NT$225.7M).
Debt to Equity History and Analysis
Debt Level: 8476's net debt to equity ratio (8.1%) is considered satisfactory.
Reducing Debt: 8476's debt to equity ratio has reduced from 141.2% to 20.5% over the past 5 years.
Debt Coverage: 8476's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 8476 earns more interest than it pays, so coverage of interest payments is not a concern.