Shinkong TextileLtd Balance Sheet Health
Financial Health criteria checks 5/6
Shinkong TextileLtd has a total shareholder equity of NT$13.1B and total debt of NT$3.5B, which brings its debt-to-equity ratio to 27%. Its total assets and total liabilities are NT$18.5B and NT$5.4B respectively. Shinkong TextileLtd's EBIT is NT$359.7M making its interest coverage ratio -1.1. It has cash and short-term investments of NT$3.1B.
Key information
27.0%
Debt to equity ratio
NT$3.55b
Debt
| Interest coverage ratio | -1.1x |
| Cash | NT$3.12b |
| Equity | NT$13.15b |
| Total liabilities | NT$5.40b |
| Total assets | NT$18.54b |
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$4.7B) exceed its short term liabilities (NT$3.9B).
Long Term Liabilities: 1419's short term assets (NT$4.7B) exceed its long term liabilities (NT$1.5B).
Debt to Equity History and Analysis
Debt Level: 1419's net debt to equity ratio (3.3%) is considered satisfactory.
Reducing Debt: 1419's debt to equity ratio has reduced from 31.8% to 27% over the past 5 years.
Debt Coverage: 1419's debt is not well covered by operating cash flow (7%).
Interest Coverage: 1419 earns more interest than it pays, so coverage of interest payments is not a concern.