Ruentex Industries Balance Sheet Health
Financial Health criteria checks 4/6
Ruentex Industries has a total shareholder equity of NT$98.1B and total debt of NT$15.0B, which brings its debt-to-equity ratio to 15.3%. Its total assets and total liabilities are NT$116.1B and NT$18.0B respectively. Ruentex Industries's EBIT is NT$65.8M making its interest coverage ratio -0.1. It has cash and short-term investments of NT$7.3B.
Key information
15.3%
Debt to equity ratio
NT$15.00b
Debt
Interest coverage ratio | -0.1x |
Cash | NT$7.28b |
Equity | NT$98.12b |
Total liabilities | NT$17.95b |
Total assets | NT$116.07b |
Financial Position Analysis
Short Term Liabilities: 2915's short term assets (NT$8.0B) exceed its short term liabilities (NT$1.9B).
Long Term Liabilities: 2915's short term assets (NT$8.0B) do not cover its long term liabilities (NT$16.1B).
Debt to Equity History and Analysis
Debt Level: 2915's net debt to equity ratio (7.9%) is considered satisfactory.
Reducing Debt: 2915's debt to equity ratio has reduced from 77.6% to 15.3% over the past 5 years.
Debt Coverage: 2915's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 2915 earns more interest than it pays, so coverage of interest payments is not a concern.