New Palace International Balance Sheet Health
Financial Health criteria checks 4/6
New Palace International has a total shareholder equity of NT$778.7M and total debt of NT$238.5M, which brings its debt-to-equity ratio to 30.6%. Its total assets and total liabilities are NT$1.9B and NT$1.1B respectively. New Palace International's EBIT is NT$202.1M making its interest coverage ratio 15.3. It has cash and short-term investments of NT$163.3M.
Key information
30.6%
Debt to equity ratio
NT$238.50m
Debt
| Interest coverage ratio | 15.3x |
| Cash | NT$163.29m |
| Equity | NT$778.66m |
| Total liabilities | NT$1.08b |
| 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$298.2M) do not cover its short term liabilities (NT$392.8M).
Long Term Liabilities: 8940's short term assets (NT$298.2M) do not cover its long term liabilities (NT$690.2M).
Debt to Equity History and Analysis
Debt Level: 8940's net debt to equity ratio (9.7%) is considered satisfactory.
Reducing Debt: 8940's debt to equity ratio has reduced from 50.3% to 30.6% over the past 5 years.
Debt Coverage: 8940's debt is well covered by operating cash flow (146.3%).
Interest Coverage: 8940's interest payments on its debt are well covered by EBIT (15.3x coverage).