Taiwan Tea Balance Sheet Health
Financial Health criteria checks 2/6
Taiwan Tea has a total shareholder equity of NT$12.7B and total debt of NT$5.2B, which brings its debt-to-equity ratio to 40.8%. Its total assets and total liabilities are NT$21.6B and NT$8.9B respectively.
Key information
40.8%
Debt to equity ratio
NT$5.19b
Debt
Interest coverage ratio | n/a |
Cash | NT$151.29m |
Equity | NT$12.71b |
Total liabilities | NT$8.87b |
Total assets | NT$21.58b |
Financial Position Analysis
Short Term Liabilities: 2913's short term assets (NT$1.2B) exceed its short term liabilities (NT$472.5M).
Long Term Liabilities: 2913's short term assets (NT$1.2B) do not cover its long term liabilities (NT$8.4B).
Debt to Equity History and Analysis
Debt Level: 2913's net debt to equity ratio (39.6%) is considered satisfactory.
Reducing Debt: 2913's debt to equity ratio has increased from 28.7% to 40.8% over the past 5 years.
Debt Coverage: 2913's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 2913's interest payments on its debt are well covered by EBIT.