Ta Jiang Balance Sheet Health
Financial Health criteria checks 4/6
Ta Jiang has a total shareholder equity of NT$1.5B and total debt of NT$314.2M, which brings its debt-to-equity ratio to 21.5%. Its total assets and total liabilities are NT$2.1B and NT$631.2M respectively. Ta Jiang's EBIT is NT$16.9M making its interest coverage ratio -3.2. It has cash and short-term investments of NT$415.8M.
Key information
21.5%
Debt to equity ratio
NT$314.18m
Debt
Interest coverage ratio | -3.2x |
Cash | NT$415.77m |
Equity | NT$1.46b |
Total liabilities | NT$631.25m |
Total assets | NT$2.10b |
Financial Position Analysis
Short Term Liabilities: 1453's short term assets (NT$1.9B) exceed its short term liabilities (NT$470.5M).
Long Term Liabilities: 1453's short term assets (NT$1.9B) exceed its long term liabilities (NT$160.8M).
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 21.5% 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.