Shinkong Textile Balance Sheet Health
Financial Health criteria checks 5/6
Shinkong Textile has a total shareholder equity of NT$14.8B and total debt of NT$3.7B, which brings its debt-to-equity ratio to 24.7%. Its total assets and total liabilities are NT$20.3B and NT$5.5B respectively. Shinkong Textile's EBIT is NT$424.7M making its interest coverage ratio -1.1. It has cash and short-term investments of NT$2.4B.
Key information
24.7%
Debt to equity ratio
NT$3.66b
Debt
| Interest coverage ratio | -1.1x |
| Cash | NT$2.44b |
| Equity | NT$14.78b |
| Total liabilities | NT$5.49b |
| Total assets | NT$20.27b |
Recent financial health updates
Shinkong TextileLtd (TPE:1419) Has A Pretty Healthy Balance Sheet
Mar 17
Is Shinkong TextileLtd (TPE:1419) Using Too Much Debt?
Dec 17Recent updates
Pinning Down Shinkong Textile Co.,Ltd's (TWSE:1419) P/E Is Difficult Right Now
Apr 29We Think That There Are More Issues For Shinkong TextileLtd (TWSE:1419) Than Just Sluggish Earnings
Mar 24Shinkong TextileLtd's (TPE:1419) Returns On Capital Are Heading Higher
Apr 22Could Shinkong Textile Co.,Ltd. (TPE:1419) Have The Makings Of Another Dividend Aristocrat?
Apr 04Shinkong TextileLtd (TPE:1419) Has A Pretty Healthy Balance Sheet
Mar 17Do Fundamentals Have Any Role To Play In Driving Shinkong Textile Co.,Ltd.'s (TPE:1419) Stock Up Recently?
Feb 26If You Had Bought Shinkong TextileLtd (TPE:1419) Stock Five Years Ago, You Could Pocket A 16% Gain Today
Feb 08What We Make Of Shinkong TextileLtd's (TPE:1419) Returns On Capital
Jan 21
Does It Make Sense To Buy Shinkong Textile Co.,Ltd. (TPE:1419) For Its Yield?
Jan 04Is Shinkong TextileLtd (TPE:1419) Using Too Much Debt?
Dec 17Shinkong Textile Co.,Ltd.'s (TPE:1419) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?
Nov 25Financial Position Analysis
Short Term Liabilities: 1419's short term assets (NT$4.4B) exceed its short term liabilities (NT$3.5B).
Long Term Liabilities: 1419's short term assets (NT$4.4B) exceed its long term liabilities (NT$2.0B).
Debt to Equity History and Analysis
Debt Level: 1419's net debt to equity ratio (8.2%) is considered satisfactory.
Reducing Debt: 1419's debt to equity ratio has reduced from 31.3% to 24.7% over the past 5 years.
Debt Coverage: 1419's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 1419 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/18 21:52 |
| End of Day Share Price | 2025/01/17 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Shinkong Textile Co., Ltd. is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | E.Sun Securities Investment Consulting Co. Ltd. |
| Praveen Gaikwad | Virtua Research Inc. |