Cathay Financial Holding Balance Sheet Health
Financial Health criteria checks 3/6
Cathay Financial Holding has a total shareholder equity of NT$801.4B and total debt of NT$554.6B, which brings its debt-to-equity ratio to 69.2%. Its total assets and total liabilities are NT$12,811.1B and NT$12,009.7B respectively. Cathay Financial Holding's EBIT is NT$87.1B making its interest coverage ratio 1.4. It has cash and short-term investments of NT$2,511.7B.
Key information
69.2%
Debt to equity ratio
NT$554.62b
Debt
| Interest coverage ratio | 1.4x |
| Cash | NT$2.51t |
| Equity | NT$801.45b |
| Total liabilities | NT$12.01t |
| Total assets | NT$12.81t |
Recent financial health updates
No updates
Recent updates
It's A Story Of Risk Vs Reward With Cathay Financial Holding Co., Ltd. (TWSE:2882)
Feb 29
Cathay Financial Holding Co., Ltd. Beat Revenue Forecasts By 95%: Here's What Analysts Are Forecasting Next
Mar 23I Ran A Stock Scan For Earnings Growth And Cathay Financial Holding (TPE:2882) Passed With Ease
Mar 21Cathay Financial Holding (TPE:2882) Share Prices Have Dropped 23% In The Last Three Years
Feb 22How Many Cathay Financial Holding Co., Ltd. (TPE:2882) Shares Do Institutions Own?
Jan 27
Cathay Financial Holding Co., Ltd.'s (TPE:2882) Low P/E No Reason For Excitement
Dec 23How Much Did Cathay Financial Holding's(TPE:2882) Shareholders Earn From Share Price Movements Over The Last Three Years?
Nov 18Financial Position Analysis
Short Term Liabilities: 2882's short term assets (NT$3,120.3B) exceed its short term liabilities (NT$2,527.8B).
Long Term Liabilities: 2882's short term assets (NT$3,120.3B) do not cover its long term liabilities (NT$9,481.9B).
Debt to Equity History and Analysis
Debt Level: 2882 has more cash than its total debt.
Reducing Debt: 2882's debt to equity ratio has reduced from 79.8% to 69.2% over the past 5 years.
Debt Coverage: 2882's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 2882's interest payments on its debt are not well covered by EBIT (1.4x coverage).