Taiwan Hopax Chemicals Manufacturing Balance Sheet Health
Financial Health criteria checks 6/6
Taiwan Hopax Chemicals Manufacturing has a total shareholder equity of NT$3.7B and total debt of NT$1.3B, which brings its debt-to-equity ratio to 34.3%. Its total assets and total liabilities are NT$6.1B and NT$2.3B respectively. Taiwan Hopax Chemicals Manufacturing's EBIT is NT$540.8M making its interest coverage ratio 25.2. It has cash and short-term investments of NT$641.0M.
Key information
34.3%
Debt to equity ratio
NT$1.28b
Debt
| Interest coverage ratio | 25.2x |
| Cash | NT$641.04m |
| Equity | NT$3.73b |
| Total liabilities | NT$2.35b |
| Total assets | NT$6.08b |
Recent financial health updates
Recent updates
Should You Or Shouldn't You: A Dividend Analysis on Taiwan Hopax Chems.Mfg.Co.,Ltd. (GTSM:6509)
Apr 23
Taiwan Hopax Chems.Mfg.Co.,Ltd.'s (GTSM:6509) Stock Is Going Strong: Is the Market Following Fundamentals?
Mar 18Here's Why Taiwan Hopax Chems.Mfg.Co.Ltd (GTSM:6509) Can Manage Its Debt Responsibly
Feb 23Is There More Growth In Store For Taiwan Hopax Chems.Mfg.Co.Ltd's (GTSM:6509) Returns On Capital?
Feb 03
Are You An Income Investor? Don't Miss Out On Taiwan Hopax Chems.Mfg.Co.,Ltd. (GTSM:6509)
Jan 11Taiwan Hopax Chems.Mfg.Co.Ltd (GTSM:6509) Shareholders Booked A 43% Gain In The Last Year
Dec 22Financial Position Analysis
Short Term Liabilities: 6509's short term assets (NT$3.0B) exceed its short term liabilities (NT$2.0B).
Long Term Liabilities: 6509's short term assets (NT$3.0B) exceed its long term liabilities (NT$387.3M).
Debt to Equity History and Analysis
Debt Level: 6509's net debt to equity ratio (17.1%) is considered satisfactory.
Reducing Debt: 6509's debt to equity ratio has reduced from 63.8% to 34.3% over the past 5 years.
Debt Coverage: 6509's debt is well covered by operating cash flow (90.1%).
Interest Coverage: 6509's interest payments on its debt are well covered by EBIT (25.2x coverage).