Formosa Taffeta Balance Sheet Health
Financial Health criteria checks 5/6
Formosa Taffeta has a total shareholder equity of NT$54.4B and total debt of NT$12.7B, which brings its debt-to-equity ratio to 23.3%. Its total assets and total liabilities are NT$71.7B and NT$17.3B respectively. Formosa Taffeta's EBIT is NT$280.6M making its interest coverage ratio -1. It has cash and short-term investments of NT$5.5B.
Key information
23.3%
Debt to equity ratio
NT$12.65b
Debt
Interest coverage ratio | -1x |
Cash | NT$5.47b |
Equity | NT$54.35b |
Total liabilities | NT$17.31b |
Total assets | NT$71.66b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1434's short term assets (NT$16.5B) exceed its short term liabilities (NT$5.7B).
Long Term Liabilities: 1434's short term assets (NT$16.5B) exceed its long term liabilities (NT$11.6B).
Debt to Equity History and Analysis
Debt Level: 1434's net debt to equity ratio (13.2%) is considered satisfactory.
Reducing Debt: 1434's debt to equity ratio has increased from 15.8% to 23.3% over the past 5 years.
Debt Coverage: 1434's debt is well covered by operating cash flow (32.4%).
Interest Coverage: 1434 earns more interest than it pays, so coverage of interest payments is not a concern.