Formosa Petrochemical Balance Sheet Health
Financial Health criteria checks 3/6
Formosa Petrochemical has a total shareholder equity of NT$314.8B and total debt of NT$33.4B, which brings its debt-to-equity ratio to 10.6%. Its total assets and total liabilities are NT$383.9B and NT$69.1B respectively.
Key information
10.6%
Debt to equity ratio
NT$33.44b
Debt
| Interest coverage ratio | n/a |
| Cash | NT$49.34b |
| Equity | NT$314.85b |
| Total liabilities | NT$69.07b |
| Total assets | NT$383.91b |
Recent financial health updates
Formosa Petrochemical (TWSE:6505) Seems To Use Debt Rather Sparingly
Sep 30
Formosa Petrochemical (TWSE:6505) Has A Rock Solid Balance Sheet
Apr 30Recent updates
With Formosa Petrochemical Corporation (TWSE:6505) It Looks Like You'll Get What You Pay For
Jan 13Calculating The Fair Value Of Formosa Petrochemical Corporation (TWSE:6505)
Dec 09Formosa Petrochemical's (TWSE:6505) Anemic Earnings Might Be Worse Than You Think
Nov 12Formosa Petrochemical (TWSE:6505) Seems To Use Debt Rather Sparingly
Sep 30Slammed 25% Formosa Petrochemical Corporation (TWSE:6505) Screens Well Here But There Might Be A Catch
Sep 10Is Formosa Petrochemical Corporation (TWSE:6505) Trading At A 31% Discount?
Aug 26Formosa Petrochemical (TWSE:6505) Could Be At Risk Of Shrinking As A Company
Jul 22A Look At The Intrinsic Value Of Formosa Petrochemical Corporation (TWSE:6505)
May 27Earnings Miss: Formosa Petrochemical Corporation Missed EPS By 42% And Analysts Are Revising Their Forecasts
May 08Formosa Petrochemical (TWSE:6505) Has A Rock Solid Balance Sheet
Apr 30Investor Optimism Abounds Formosa Petrochemical Corporation (TWSE:6505) But Growth Is Lacking
Mar 23These Return Metrics Don't Make Formosa Petrochemical (TWSE:6505) Look Too Strong
Feb 27Financial Position Analysis
Short Term Liabilities: 6505's short term assets (NT$218.8B) exceed its short term liabilities (NT$46.2B).
Long Term Liabilities: 6505's short term assets (NT$218.8B) exceed its long term liabilities (NT$22.8B).
Debt to Equity History and Analysis
Debt Level: 6505 has more cash than its total debt.
Reducing Debt: 6505's debt to equity ratio has increased from 5.9% to 10.6% over the past 5 years.
Debt Coverage: 6505's debt is not well covered by operating cash flow (13.4%).
Interest Coverage: Insufficient data to determine if 6505's interest payments on its debt are well covered by EBIT.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/02/07 16:49 |
| End of Day Share Price | 2025/02/07 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Formosa Petrochemical Corporation is covered by 26 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Changming Yeh | Barclays |
| Yong Liang Por | BNP Paribas Securities (Asia) |
| Kunal Agrawal | BNP Paribas Securities (Asia) |