New Palace International Balance Sheet Health
Financial Health criteria checks 4/6
New Palace International has a total shareholder equity of NT$758.4M and total debt of NT$266.2M, which brings its debt-to-equity ratio to 35.1%. Its total assets and total liabilities are NT$1.9B and NT$1.1B respectively. New Palace International's EBIT is NT$185.9M making its interest coverage ratio 14.6. It has cash and short-term investments of NT$157.5M.
Key information
35.1%
Debt to equity ratio
NT$266.18m
Debt
| Interest coverage ratio | 14.6x |
| Cash | NT$157.50m |
| Equity | NT$758.45m |
| Total liabilities | NT$1.10b |
| Total assets | NT$1.86b |
Recent financial health updates
New Palace International (TWSE:8940) Seems To Use Debt Quite Sensibly
Aug 07
Health Check: How Prudently Does New Palace International (TPE:8940) Use Debt?
Feb 25Recent updates
New Palace International (TWSE:8940) Seems To Use Debt Quite Sensibly
Aug 07New Palace International's (TWSE:8940) Solid Earnings Are Supported By Other Strong Factors
May 21New Palace International Co., Ltd.'s (TWSE:8940) Shares Bounce 26% But Its Business Still Trails The Market
May 02New Palace International (TWSE:8940) Is Experiencing Growth In Returns On Capital
Apr 08Health Check: How Prudently Does New Palace International (TPE:8940) Use Debt?
Feb 25Financial Position Analysis
Short Term Liabilities: 8940's short term assets (NT$297.5M) do not cover its short term liabilities (NT$407.6M).
Long Term Liabilities: 8940's short term assets (NT$297.5M) do not cover its long term liabilities (NT$694.3M).
Debt to Equity History and Analysis
Debt Level: 8940's net debt to equity ratio (14.3%) is considered satisfactory.
Reducing Debt: 8940's debt to equity ratio has reduced from 69.3% to 35.1% over the past 5 years.
Debt Coverage: 8940's debt is well covered by operating cash flow (124.6%).
Interest Coverage: 8940's interest payments on its debt are well covered by EBIT (14.6x coverage).