Cathay Financial Holding Balance Sheet Health
Financial Health criteria checks 3/6
Cathay Financial Holding has a total shareholder equity of NT$938.9B and total debt of NT$645.3B, which brings its debt-to-equity ratio to 68.7%. Its total assets and total liabilities are NT$13,312.6B and NT$12,373.7B respectively. Cathay Financial Holding's EBIT is NT$233.5B making its interest coverage ratio 3.5. It has cash and short-term investments of NT$2,466.7B.
Key information
68.7%
Debt to equity ratio
NT$645.32b
Debt
| Interest coverage ratio | 3.5x |
| Cash | NT$2.47t |
| Equity | NT$938.90b |
| Total liabilities | NT$12.37t |
| Total assets | NT$13.31t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2882B's short term assets (NT$2,924.8B) exceed its short term liabilities (NT$2,648.3B).
Long Term Liabilities: 2882B's short term assets (NT$2,924.8B) do not cover its long term liabilities (NT$9,725.4B).
Debt to Equity History and Analysis
Debt Level: 2882B has more cash than its total debt.
Reducing Debt: 2882B's debt to equity ratio has increased from 51.2% to 68.7% over the past 5 years.
Debt Coverage: 2882B's debt is not well covered by operating cash flow (6.5%).
Interest Coverage: 2882B's interest payments on its debt are well covered by EBIT (3.5x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/21 17:34 |
| End of Day Share Price | 2024/12/20 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 here.
Analysis Model and Snowflake
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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 .
Analyst Sources
Cathay Financial Holding Co., Ltd. is covered by 32 analysts. 9 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 |
|---|---|
| Noel Chan | Barclays |
| Dominic Chan | BNP Paribas Securities (Asia) |
| Brooksley Kang | BofA Global Research |