Shin Kong Financial Holding Balance Sheet Health
Financial Health criteria checks 3/6
Shin Kong Financial Holding has a total shareholder equity of NT$261.4B and total debt of NT$152.9B, which brings its debt-to-equity ratio to 58.5%. Its total assets and total liabilities are NT$5,084.2B and NT$4,822.8B respectively.
Key information
58.5%
Debt to equity ratio
NT$152.86b
Debt
Interest coverage ratio | n/a |
Cash | NT$558.20b |
Equity | NT$261.42b |
Total liabilities | NT$4.82t |
Total assets | NT$5.08t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2888B's short term assets (NT$732.6B) exceed its short term liabilities (NT$321.4B).
Long Term Liabilities: 2888B's short term assets (NT$732.6B) do not cover its long term liabilities (NT$4,501.4B).
Debt to Equity History and Analysis
Debt Level: 2888B has more cash than its total debt.
Reducing Debt: 2888B's debt to equity ratio has reduced from 67.6% to 58.5% over the past 5 years.
Debt Coverage: 2888B's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 2888B's interest payments on its debt are well covered by EBIT.