Taiwan Wax CompanyLtd Balance Sheet Health
Financial Health criteria checks 3/6
Taiwan Wax CompanyLtd has a total shareholder equity of NT$1.3B and total debt of NT$2.4B, which brings its debt-to-equity ratio to 183.4%. Its total assets and total liabilities are NT$3.8B and NT$2.5B respectively. Taiwan Wax CompanyLtd's EBIT is NT$48.8M making its interest coverage ratio -2.8. It has cash and short-term investments of NT$166.6M.
Key information
183.4%
Debt to equity ratio
NT$2.39b
Debt
Interest coverage ratio | -2.8x |
Cash | NT$166.64m |
Equity | NT$1.30b |
Total liabilities | NT$2.47b |
Total assets | NT$3.77b |
Recent financial health updates
Is Taiwan Wax CompanyLtd (GTSM:1742) Using Too Much Debt?
Apr 24Is Taiwan Wax CompanyLtd (GTSM:1742) A Risky Investment?
Dec 05Recent updates
Is Taiwan Wax CompanyLtd (GTSM:1742) Using Too Much Debt?
Apr 24Taiwan Wax Company,Ltd.'s (GTSM:1742) Stock Is Going Strong: Have Financials A Role To Play?
Mar 02Is There More Growth In Store For Taiwan Wax CompanyLtd's (GTSM:1742) Returns On Capital?
Feb 04Taiwan Wax CompanyLtd (GTSM:1742) Shareholders Booked A 24% Gain In The Last Three Years
Dec 31Is Taiwan Wax CompanyLtd (GTSM:1742) A Risky Investment?
Dec 05Financial Position Analysis
Short Term Liabilities: 1742's short term assets (NT$2.8B) exceed its short term liabilities (NT$2.3B).
Long Term Liabilities: 1742's short term assets (NT$2.8B) exceed its long term liabilities (NT$120.6M).
Debt to Equity History and Analysis
Debt Level: 1742's net debt to equity ratio (170.6%) is considered high.
Reducing Debt: 1742's debt to equity ratio has increased from 71.1% to 183.4% over the past 5 years.
Debt Coverage: 1742's debt is not well covered by operating cash flow (14.9%).
Interest Coverage: 1742 earns more interest than it pays, so coverage of interest payments is not a concern.