Formosa Petrochemical Balance Sheet Health

Financial Health criteria checks 5/6

Formosa Petrochemical has a total shareholder equity of NT$341.2B and total debt of NT$28.4B, which brings its debt-to-equity ratio to 8.3%. Its total assets and total liabilities are NT$416.2B and NT$74.9B respectively. Formosa Petrochemical's EBIT is NT$15.4B making its interest coverage ratio -6. It has cash and short-term investments of NT$96.9B.

Key information

8.3%

Debt to equity ratio

NT$28.44b

Debt

Interest coverage ratio	-6x
Cash	NT$96.89b
Equity	NT$341.22b
Total liabilities	NT$74.94b
Total assets	NT$416.16b

Recent financial health updates

Formosa Petrochemical (TWSE:6505) Has A Rock Solid Balance Sheet

Apr 30

Does Formosa Petrochemical (TPE:6505) Have A Healthy Balance Sheet?

Dec 22

Recent updates

Formosa Petrochemical (TWSE:6505) Has A Rock Solid Balance Sheet

Apr 30

Investor Optimism Abounds Formosa Petrochemical Corporation (TWSE:6505) But Growth Is Lacking

Mar 23

These Return Metrics Don't Make Formosa Petrochemical (TWSE:6505) Look Too Strong

Feb 27

These Metrics Don't Make Formosa Petrochemical (TPE:6505) Look Too Strong

Mar 10

Here's Why We Think Formosa Petrochemical's (TPE:6505) Statutory Earnings Might Be Conservative

Feb 16

Calculating The Fair Value Of Formosa Petrochemical Corporation (TPE:6505)

Jan 26

Does Formosa Petrochemical Corporation (TPE:6505) Have A Place In Your Dividend Stock Portfolio?

Jan 08

Does Formosa Petrochemical (TPE:6505) Have A Healthy Balance Sheet?

Dec 22

Is Formosa Petrochemical (TPE:6505) Shrinking?

Nov 30

Financial Position Analysis

Short Term Liabilities: 6505's short term assets (NT$257.8B) exceed its short term liabilities (NT$44.5B).

Long Term Liabilities: 6505's short term assets (NT$257.8B) exceed its long term liabilities (NT$30.5B).

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 4.7% to 8.3% over the past 5 years.

Debt Coverage: 6505's debt is well covered by operating cash flow (159.6%).

Interest Coverage: 6505 earns more interest than it pays, so coverage of interest payments is not a concern.

Formosa Petrochemical Balance Sheet Health

Financial Health criteria checks 5/6

Key information

Recent financial health updates

Formosa Petrochemical (TWSE:6505) Has A Rock Solid Balance Sheet

Does Formosa Petrochemical (TPE:6505) Have A Healthy Balance Sheet?

Recent updates

Formosa Petrochemical (TWSE:6505) Has A Rock Solid Balance Sheet

Formosa Petrochemical Corporation to Report Q1, 2024 Results on May 03, 2024

Consensus EPS estimates increase by 25%

Formosa Petrochemical Corporation, Annual General Meeting, Jun 14, 2024

Now 21% overvalued

Investor Optimism Abounds Formosa Petrochemical Corporation (TWSE:6505) But Growth Is Lacking

Consensus EPS estimates fall by 22%

Full year 2023 earnings: Revenues and EPS in line with analyst expectations

New major risk - Revenue and earnings growth

Formosa Petrochemical Corporation Proposes Cash Dividend for the Year Ended December 31, 2023

These Return Metrics Don't Make Formosa Petrochemical (TWSE:6505) Look Too Strong

Consensus EPS estimates fall by 12%

Consensus EPS estimates increase by 10%

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Second quarter 2023 earnings: Revenues miss analyst expectations

Consensus EPS estimates fall by 12%

Consensus EPS estimates fall by 22%

Upcoming dividend of NT$1.10 per share at 1.2% yield

Formosa Petrochemical Corporation Approves Cash Dividend

Consensus EPS estimates fall by 14%

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Consensus EPS estimates fall by 17%

Consensus EPS estimates fall by 12%

Price target decreased to NT$79.59

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Price target decreased to NT$82.41

Consensus forecasts updated

Price target decreased to NT$94.13

Second quarter 2022 earnings: EPS exceeds analyst expectations

Consensus EPS estimates increase by 10%

Upcoming dividend of NT$3.80 per share

First quarter 2022 earnings: EPS and revenues miss analyst expectations

Consensus forecasts updated

Formosa Petrochemical Corporation Proposes Cash Dividend for the Year Ended December 31, 2021

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

Now 20% undervalued

Third quarter 2021 earnings released: EPS NT$1.08 (vs NT$1.66 in 3Q 2020)

Price target increased to NT$107

Second quarter 2021 earnings released: EPS NT$1.43 (vs NT$0.91 loss in 2Q 2020)

Upcoming dividend of NT$0.59 per share

Consensus EPS estimates increase to NT$4.69

Formosa Petrochemical Corporation (TWSE:6505) acquired 4.9% stake in TSRC Corporation (TWSE:2103) for TWD 1.4 billion.

First quarter 2021 earnings released: EPS NT$1.88 (vs NT$1.05 loss in 1Q 2020)

Consensus forecasts updated

Consensus EPS estimates increase to NT$5.24

Formosa Petrochemical Corporation Proposes Cash Dividend for the Year 2020

Full year 2020 earnings released: EPS NT$0.78 (vs NT$3.86 in FY 2019)

Revenue and earnings miss expectations

These Metrics Don't Make Formosa Petrochemical (TPE:6505) Look Too Strong

Here's Why We Think Formosa Petrochemical's (TPE:6505) Statutory Earnings Might Be Conservative

Calculating The Fair Value Of Formosa Petrochemical Corporation (TPE:6505)

Analysts update estimates

Does Formosa Petrochemical Corporation (TPE:6505) Have A Place In Your Dividend Stock Portfolio?

Analysts update estimates

New 90-day high: NT$98.50

Does Formosa Petrochemical (TPE:6505) Have A Healthy Balance Sheet?

Is Formosa Petrochemical (TPE:6505) Shrinking?

Analysts update estimates

Third quarter 2020 earnings released: EPS NT$1.67

Earnings beat expectations, revenue disappoints

New 90-day low: NT$78.60

Analysts update estimates

New 90-day low: NT$79.40

Analysts update estimates

First half earnings released

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

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