Hong Ho Precision TextileLtd Balance Sheet Health
Financial Health criteria checks 5/6
Hong Ho Precision TextileLtd has a total shareholder equity of NT$1.8B and total debt of NT$2.1B, which brings its debt-to-equity ratio to 113.9%. Its total assets and total liabilities are NT$4.5B and NT$2.7B respectively. Hong Ho Precision TextileLtd's EBIT is NT$460.2M making its interest coverage ratio 19. It has cash and short-term investments of NT$464.8M.
Key information
113.9%
Debt to equity ratio
NT$2.07b
Debt
| Interest coverage ratio | 19x |
| Cash | NT$464.82m |
| Equity | NT$1.81b |
| Total liabilities | NT$2.65b |
| Total assets | NT$4.47b |
Recent financial health updates
Recent updates
Optimistic Investors Push Hong Ho Precision Textile Co.,Ltd. (TWSE:1446) Shares Up 29% But Growth Is Lacking
May 02
The Return Trends At Hong Ho Precision TextileLtd (TWSE:1446) Look Promising
Apr 29We Think Hong Ho Precision TextileLtd's (TWSE:1446) Robust Earnings Are Conservative
Mar 22Read This Before Buying Hong Ho Precision Textile Co.,Ltd. (TPE:1446) For Its Dividend
Apr 20The Return Trends At Hong Ho Precision TextileLtd (TPE:1446) Look Promising
Mar 25Is Hong Ho Precision Textile Co.,Ltd.'s (TPE:1446) ROE Of 0.7% Concerning?
Feb 27Hong Ho Precision TextileLtd (TPE:1446) Takes On Some Risk With Its Use Of Debt
Feb 01
Did You Miss Hong Ho Precision TextileLtd's (TPE:1446) 64% Share Price Gain?
Jan 05What Do The Returns At Hong Ho Precision TextileLtd (TPE:1446) Mean Going Forward?
Dec 10Financial Position Analysis
Short Term Liabilities: 1446's short term assets (NT$3.9B) exceed its short term liabilities (NT$2.6B).
Long Term Liabilities: 1446's short term assets (NT$3.9B) exceed its long term liabilities (NT$24.1M).
Debt to Equity History and Analysis
Debt Level: 1446's net debt to equity ratio (88.3%) is considered high.
Reducing Debt: 1446's debt to equity ratio has reduced from 127.7% to 113.9% over the past 5 years.
Debt Coverage: 1446's debt is well covered by operating cash flow (63.9%).
Interest Coverage: 1446's interest payments on its debt are well covered by EBIT (19x coverage).