Nien Hsing Textile Balance Sheet Health
Financial Health criteria checks 6/6
Nien Hsing Textile has a total shareholder equity of NT$7.2B and total debt of NT$126.4M, which brings its debt-to-equity ratio to 1.8%. Its total assets and total liabilities are NT$8.4B and NT$1.2B respectively. Nien Hsing Textile's EBIT is NT$73.9M making its interest coverage ratio -0.9. It has cash and short-term investments of NT$2.1B.
Key information
1.8%
Debt to equity ratio
NT$126.40m
Debt
| Interest coverage ratio | -0.9x |
| Cash | NT$2.09b |
| Equity | NT$7.16b |
| Total liabilities | NT$1.22b |
| Total assets | NT$8.38b |
Recent financial health updates
Recent updates
Nien Hsing Textile's (TWSE:1451) Solid Earnings May Rest On Weak Foundations
Nov 14
Nien Hsing Textile (TWSE:1451) Is Paying Out Less In Dividends Than Last Year
Jun 20Is Nien Hsing Textile Co., Ltd. (TPE:1451) A Risky Dividend Stock?
Apr 28Is Nien Hsing Textile (TPE:1451) Using Too Much Debt?
Feb 07Reflecting on Nien Hsing Textile's(TPE:1451) Total Shareholder Returns Over The Last Five Years
Dec 17
Financial Position Analysis
Short Term Liabilities: 1451's short term assets (NT$5.9B) exceed its short term liabilities (NT$903.7M).
Long Term Liabilities: 1451's short term assets (NT$5.9B) exceed its long term liabilities (NT$318.7M).
Debt to Equity History and Analysis
Debt Level: 1451 has more cash than its total debt.
Reducing Debt: 1451's debt to equity ratio has reduced from 7% to 1.8% over the past 5 years.
Debt Coverage: 1451's debt is well covered by operating cash flow (209.4%).
Interest Coverage: 1451 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 | 2024/12/18 10:49 |
| End of Day Share Price | 2024/12/18 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
Nien Hsing Textile Co., Ltd. is covered by 3 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 |
|---|---|
| Titan Horng | IBTS Investment Consulting Co., Ltd. |
| Hsuan Lee | Masterlink Securities Corp. |
| Praveen Gaikwad | Virtua Research Inc. |