Ta Jiang Balance Sheet Health
Financial Health criteria checks 4/6
Ta Jiang has a total shareholder equity of NT$1.4B and total debt of NT$314.2M, which brings its debt-to-equity ratio to 21.7%. Its total assets and total liabilities are NT$2.1B and NT$623.3M respectively. Ta Jiang's EBIT is NT$17.7M making its interest coverage ratio -3.2. It has cash and short-term investments of NT$429.2M.
Key information
21.7%
Debt to equity ratio
NT$314.18m
Debt
Interest coverage ratio | -3.2x |
Cash | NT$429.24m |
Equity | NT$1.45b |
Total liabilities | NT$623.27m |
Total assets | NT$2.07b |
Financial Position Analysis
Short Term Liabilities: 1453's short term assets (NT$1.9B) exceed its short term liabilities (NT$463.7M).
Long Term Liabilities: 1453's short term assets (NT$1.9B) exceed its long term liabilities (NT$159.6M).
Debt to Equity History and Analysis
Debt Level: 1453 has more cash than its total debt.
Reducing Debt: 1453's debt to equity ratio has increased from 0% to 21.7% over the past 5 years.
Debt Coverage: 1453's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 1453 earns more interest than it pays, so coverage of interest payments is not a concern.