Tatung Fine Chemicals Balance Sheet Health
Financial Health criteria checks 5/6
Tatung Fine Chemicals has a total shareholder equity of NT$132.0M and total debt of NT$75.0M, which brings its debt-to-equity ratio to 56.8%. Its total assets and total liabilities are NT$322.4M and NT$190.4M respectively. Tatung Fine Chemicals's EBIT is NT$4.9M making its interest coverage ratio 3.3. It has cash and short-term investments of NT$68.0M.
Key information
56.8%
Debt to equity ratio
NT$75.01m
Debt
| Interest coverage ratio | 3.3x |
| Cash | NT$68.00m |
| Equity | NT$132.02m |
| Total liabilities | NT$190.37m |
| Total assets | NT$322.39m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 4738's short term assets (NT$230.7M) exceed its short term liabilities (NT$135.3M).
Long Term Liabilities: 4738's short term assets (NT$230.7M) exceed its long term liabilities (NT$55.1M).
Debt to Equity History and Analysis
Debt Level: 4738's net debt to equity ratio (5.3%) is considered satisfactory.
Reducing Debt: 4738's debt to equity ratio has reduced from 110.9% to 56.8% over the past 5 years.
Debt Coverage: 4738's debt is not well covered by operating cash flow (1.1%).
Interest Coverage: 4738's interest payments on its debt are well covered by EBIT (3.3x coverage).