New Palace International Balance Sheet Health
Financial Health criteria checks 5/6
New Palace International has a total shareholder equity of NT$887.7M and total debt of NT$362.4M, which brings its debt-to-equity ratio to 40.8%. Its total assets and total liabilities are NT$2.1B and NT$1.2B respectively. New Palace International's EBIT is NT$234.5M making its interest coverage ratio 16.7. It has cash and short-term investments of NT$300.5M.
Key information
40.8%
Debt to equity ratio
NT$362.42m
Debt
| Interest coverage ratio | 16.7x |
| Cash | NT$300.49m |
| Equity | NT$887.69m |
| Total liabilities | NT$1.24b |
| Total assets | NT$2.13b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 8940's short term assets (NT$468.0M) exceed its short term liabilities (NT$458.6M).
Long Term Liabilities: 8940's short term assets (NT$468.0M) do not cover its long term liabilities (NT$782.8M).
Debt to Equity History and Analysis
Debt Level: 8940's net debt to equity ratio (7%) is considered satisfactory.
Reducing Debt: 8940's debt to equity ratio has reduced from 49.8% to 40.8% over the past 5 years.
Debt Coverage: 8940's debt is well covered by operating cash flow (106.1%).
Interest Coverage: 8940's interest payments on its debt are well covered by EBIT (16.7x coverage).