Prime Oil Chemical Service Balance Sheet Health
Financial Health criteria checks 3/6
Prime Oil Chemical Service has a total shareholder equity of NT$1.2B and total debt of NT$374.1M, which brings its debt-to-equity ratio to 30.9%. Its total assets and total liabilities are NT$1.9B and NT$715.7M respectively. Prime Oil Chemical Service's EBIT is NT$62.0M making its interest coverage ratio 5.1. It has cash and short-term investments of NT$88.4M.
Key information
30.9%
Debt to equity ratio
NT$374.09m
Debt
| Interest coverage ratio | 5.1x |
| Cash | NT$88.45m |
| Equity | NT$1.21b |
| Total liabilities | NT$715.70m |
| Total assets | NT$1.93b |
Recent financial health updates
Prime Oil Chemical Service (TPE:2904) Seems To Use Debt Quite Sensibly
Mar 22
We Think Prime Oil Chemical Service (TPE:2904) Can Stay On Top Of Its Debt
Dec 20Recent updates
Prime Oil Chemical Service's (TWSE:2904) Conservative Accounting Might Explain Soft Earnings
Mar 25Returns On Capital At Prime Oil Chemical Service (TPE:2904) Have Stalled
Apr 27Prime Oil Chemical Service (TPE:2904) Seems To Use Debt Quite Sensibly
Mar 22Something To Consider Before Buying Prime Oil Chemical Service Corporation (TPE:2904) For The 6.2% Dividend
Mar 04Prime Oil Chemical Service Corporation's (TPE:2904) Has Had A Decent Run On The Stock market: Are Fundamentals In The Driver's Seat?
Feb 14The Trends At Prime Oil Chemical Service (TPE:2904) That You Should Know About
Jan 27Shareholders Of Prime Oil Chemical Service (TPE:2904) Must Be Happy With Their 70% Return
Jan 07We Think Prime Oil Chemical Service (TPE:2904) Can Stay On Top Of Its Debt
Dec 20Know This Before Buying Prime Oil Chemical Service Corporation (TPE:2904) For Its Dividend
Dec 02Financial Position Analysis
Short Term Liabilities: 2904's short term assets (NT$173.1M) do not cover its short term liabilities (NT$208.3M).
Long Term Liabilities: 2904's short term assets (NT$173.1M) do not cover its long term liabilities (NT$507.4M).
Debt to Equity History and Analysis
Debt Level: 2904's net debt to equity ratio (23.6%) is considered satisfactory.
Reducing Debt: 2904's debt to equity ratio has increased from 19.3% to 30.9% over the past 5 years.
Debt Coverage: 2904's debt is well covered by operating cash flow (64.5%).
Interest Coverage: 2904's interest payments on its debt are well covered by EBIT (5.1x coverage).