Huikwang Balance Sheet Health
Financial Health criteria checks 5/6
Huikwang has a total shareholder equity of NT$2.4B and total debt of NT$55.5M, which brings its debt-to-equity ratio to 2.3%. Its total assets and total liabilities are NT$2.9B and NT$467.9M respectively. Huikwang's EBIT is NT$76.6M making its interest coverage ratio -3.8. It has cash and short-term investments of NT$607.6M.
Key information
2.3%
Debt to equity ratio
NT$55.51m
Debt
| Interest coverage ratio | -3.8x |
| Cash | NT$607.62m |
| Equity | NT$2.43b |
| Total liabilities | NT$467.88m |
| Total assets | NT$2.90b |
Recent financial health updates
Recent updates
Huikwang (GTSM:6508) Might Have The Makings Of A Multi-Bagger
Mar 31
Huikwang Corporation (GTSM:6508) Is Yielding 5.9% - But Is It A Buy?
Mar 10Huikwang (GTSM:6508) Could Easily Take On More Debt
Feb 16Is Huikwang Corporation's (GTSM:6508) Latest Stock Performance Being Led By Its Strong Fundamentals?
Jan 27
Shareholders Of Huikwang (GTSM:6508) Must Be Happy With Their 65% Return
Jan 06Will the Promising Trends At Huikwang (GTSM:6508) Continue?
Dec 15Is Huikwang Corporation (GTSM:6508) A Smart Choice For Dividend Investors?
Nov 27Financial Position Analysis
Short Term Liabilities: 6508's short term assets (NT$2.1B) exceed its short term liabilities (NT$393.0M).
Long Term Liabilities: 6508's short term assets (NT$2.1B) exceed its long term liabilities (NT$74.8M).
Debt to Equity History and Analysis
Debt Level: 6508 has more cash than its total debt.
Reducing Debt: 6508's debt to equity ratio has reduced from 15.2% to 2.3% over the past 5 years.
Debt Coverage: 6508's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 6508 earns more interest than it pays, so coverage of interest payments is not a concern.