Taiwan Shin Kong Security Balance Sheet Health
Financial Health criteria checks 5/6
Taiwan Shin Kong Security has a total shareholder equity of NT$12.2B and total debt of NT$2.7B, which brings its debt-to-equity ratio to 21.8%. Its total assets and total liabilities are NT$18.5B and NT$6.3B respectively. Taiwan Shin Kong Security's EBIT is NT$875.6M making its interest coverage ratio -3.8. It has cash and short-term investments of NT$8.0B.
Key information
21.8%
Debt to equity ratio
NT$2.67b
Debt
Interest coverage ratio | -3.8x |
Cash | NT$8.03b |
Equity | NT$12.23b |
Total liabilities | NT$6.28b |
Total assets | NT$18.52b |
Financial Position Analysis
Short Term Liabilities: 9925's short term assets (NT$9.2B) exceed its short term liabilities (NT$5.5B).
Long Term Liabilities: 9925's short term assets (NT$9.2B) exceed its long term liabilities (NT$750.1M).
Debt to Equity History and Analysis
Debt Level: 9925 has more cash than its total debt.
Reducing Debt: 9925's debt to equity ratio has increased from 11.5% to 21.8% over the past 5 years.
Debt Coverage: 9925's debt is well covered by operating cash flow (59.9%).
Interest Coverage: 9925 earns more interest than it pays, so coverage of interest payments is not a concern.