Tainan Spinning Balance Sheet Health
Financial Health criteria checks 3/6
Tainan Spinning has a total shareholder equity of NT$29.4B and total debt of NT$13.6B, which brings its debt-to-equity ratio to 46.2%. Its total assets and total liabilities are NT$50.9B and NT$21.5B respectively.
Key information
46.2%
Debt to equity ratio
NT$13.58b
Debt
| Interest coverage ratio | n/a |
| Cash | NT$8.29b |
| Equity | NT$29.37b |
| Total liabilities | NT$21.50b |
| Total assets | NT$50.87b |
Recent financial health updates
Tainan Spinning (TPE:1440) Is Carrying A Fair Bit Of Debt
Mar 25
Tainan Spinning (TPE:1440) Is Making Moderate Use Of Debt
Dec 01Recent updates
Tainan Spinning Co., Ltd. (TWSE:1440) Stock Rockets 27% But Many Are Still Ignoring The Company
Apr 26Why Tainan Spinning Co., Ltd. (TWSE:1440) Could Be Worth Watching
Apr 22Tainan Spinning's (TWSE:1440) Shareholders May Want To Dig Deeper Than Statutory Profit
Mar 14Tainan Spinning (TPE:1440) Is Carrying A Fair Bit Of Debt
Mar 25Tainan Spinning Co., Ltd. (TPE:1440) Investors Should Think About This Before Buying It For Its Dividend
Feb 18
Does Tainan Spinning's (TPE:1440) Share Price Gain of 24% Match Its Business Performance?
Jan 22Does Tainan Spinning's (TPE:1440) Statutory Profit Adequately Reflect Its Underlying Profit?
Dec 27Tainan Spinning (TPE:1440) Is Making Moderate Use Of Debt
Dec 01Financial Position Analysis
Short Term Liabilities: 1440's short term assets (NT$16.6B) exceed its short term liabilities (NT$11.6B).
Long Term Liabilities: 1440's short term assets (NT$16.6B) exceed its long term liabilities (NT$9.9B).
Debt to Equity History and Analysis
Debt Level: 1440's net debt to equity ratio (18%) is considered satisfactory.
Reducing Debt: 1440's debt to equity ratio has increased from 44% to 46.2% over the past 5 years.
Debt Coverage: 1440's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 1440's interest payments on its debt are well covered by EBIT.