TMP Steel Balance Sheet Health
Financial Health criteria checks 4/6
TMP Steel has a total shareholder equity of NT$1.5B and total debt of NT$830.6M, which brings its debt-to-equity ratio to 53.9%. Its total assets and total liabilities are NT$3.8B and NT$2.3B respectively. TMP Steel's EBIT is NT$196.0M making its interest coverage ratio 12.7. It has cash and short-term investments of NT$306.3M.
Key information
53.9%
Debt to equity ratio
NT$830.56m
Debt
| Interest coverage ratio | 12.7x |
| Cash | NT$306.26m |
| Equity | NT$1.54b |
| Total liabilities | NT$2.30b |
| Total assets | NT$3.84b |
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$2.3B) exceed its short term liabilities (NT$1.5B).
Long Term Liabilities: 6248's short term assets (NT$2.3B) exceed its long term liabilities (NT$808.0M).
Debt to Equity History and Analysis
Debt Level: 6248's net debt to equity ratio (34%) is considered satisfactory.
Reducing Debt: 6248's debt to equity ratio has increased from 39.7% to 53.9% 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 (12.7x coverage).