Nien Hsing Textile Balance Sheet Health
Financial Health criteria checks 5/6
Nien Hsing Textile has a total shareholder equity of NT$6.9B and total debt of NT$11.8M, which brings its debt-to-equity ratio to 0.2%. Its total assets and total liabilities are NT$8.0B and NT$1.1B respectively.
Key information
0.2%
Debt to equity ratio
NT$11.80m
Debt
| Interest coverage ratio | n/a |
| Cash | NT$1.60b |
| Equity | NT$6.91b |
| Total liabilities | NT$1.13b |
| Total assets | NT$8.04b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 1451's short term assets (NT$5.3B) exceed its short term liabilities (NT$773.9M).
Long Term Liabilities: 1451's short term assets (NT$5.3B) exceed its long term liabilities (NT$351.6M).
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 7.6% to 0.2% over the past 5 years.
Debt Coverage: 1451's debt is well covered by operating cash flow (4910.8%).
Interest Coverage: Insufficient data to determine if 1451's interest payments on its debt are well covered by EBIT.