TMP Steel Balance Sheet Health
Financial Health criteria checks 5/6
TMP Steel has a total shareholder equity of NT$1.4B and total debt of NT$435.0M, which brings its debt-to-equity ratio to 30.1%. Its total assets and total liabilities are NT$2.9B and NT$1.5B respectively. TMP Steel's EBIT is NT$229.2M making its interest coverage ratio 26.1. It has cash and short-term investments of NT$272.2M.
Key information
30.1%
Debt to equity ratio
NT$435.02m
Debt
| Interest coverage ratio | 26.1x |
| Cash | NT$272.23m |
| Equity | NT$1.45b |
| Total liabilities | NT$1.45b |
| Total assets | NT$2.90b |
Recent financial health updates
TMP Steel (GTSM:6248) Takes On Some Risk With Its Use Of Debt
Apr 21
We Think TMP Steel (GTSM:6248) Can Stay On Top Of Its Debt
Jan 21
Recent updates
TMP Steel (GTSM:6248) Takes On Some Risk With Its Use Of Debt
Apr 21Read This Before Buying TMP Steel Corporation (GTSM:6248) For Its Dividend
Mar 10Our Take On The Returns On Capital At TMP Steel (GTSM:6248)
Feb 17We Think TMP Steel (GTSM:6248) Can Stay On Top Of Its Debt
Jan 21Are TMP Steel's (GTSM:6248) Statutory Earnings A Good Reflection Of Its Earnings Potential?
Jan 06Boasting A 17% Return On Equity, Is TMP Steel Corporation (GTSM:6248) A Top Quality Stock?
Dec 22Should You Buy TMP Steel Corporation (GTSM:6248) For Its Dividend?
Dec 04Our Take On The Returns On Capital At TMP Steel (GTSM:6248)
Nov 19Financial Position Analysis
Short Term Liabilities: 6248's short term assets (NT$2.1B) exceed its short term liabilities (NT$1.1B).
Long Term Liabilities: 6248's short term assets (NT$2.1B) exceed its long term liabilities (NT$374.7M).
Debt to Equity History and Analysis
Debt Level: 6248's net debt to equity ratio (11.3%) is considered satisfactory.
Reducing Debt: 6248's debt to equity ratio has reduced from 41.9% to 30.1% over the past 5 years.
Debt Coverage: 6248's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 6248's interest payments on its debt are well covered by EBIT (26.1x coverage).