Lucky Cement Balance Sheet Health
Financial Health criteria checks 4/6
Lucky Cement has a total shareholder equity of NT$5.0B and total debt of NT$3.1B, which brings its debt-to-equity ratio to 61.9%. Its total assets and total liabilities are NT$10.1B and NT$5.1B respectively. Lucky Cement's EBIT is NT$572.3M making its interest coverage ratio -35.7. It has cash and short-term investments of NT$581.0M.
Key information
61.9%
Debt to equity ratio
NT$3.12b
Debt
| Interest coverage ratio | -35.7x |
| Cash | NT$581.01m |
| Equity | NT$5.04b |
| Total liabilities | NT$5.06b |
| Total assets | NT$10.10b |
Recent financial health updates
Here's Why Lucky Cement (TPE:1108) Can Manage Its Debt Responsibly
Mar 28
We Think Lucky Cement (TPE:1108) Can Stay On Top Of Its Debt
Nov 20
Recent updates
Lucky Cement (TWSE:1108) Is Increasing Its Dividend To NT$1.00
Aug 15Here's Why Lucky Cement (TPE:1108) Can Manage Its Debt Responsibly
Mar 28Is Lucky Cement Corporation (TPE:1108) The Right Choice For A Smart Dividend Investor?
Mar 07Are Lucky Cement Corporation's (TPE:1108) Mixed Financials Driving The Negative Sentiment?
Feb 14The Returns On Capital At Lucky Cement (TPE:1108) Don't Inspire Confidence
Jan 25Did Lucky Cement's (TPE:1108) Share Price Deserve to Gain 47%?
Jan 07What Kind Of Shareholders Hold The Majority In Lucky Cement Corporation's (TPE:1108) Shares?
Dec 20Read This Before Buying Lucky Cement Corporation (TPE:1108) For Its Dividend
Dec 05We Think Lucky Cement (TPE:1108) Can Stay On Top Of Its Debt
Nov 20Financial Position Analysis
Short Term Liabilities: 1108's short term assets (NT$5.8B) exceed its short term liabilities (NT$4.0B).
Long Term Liabilities: 1108's short term assets (NT$5.8B) exceed its long term liabilities (NT$1.0B).
Debt to Equity History and Analysis
Debt Level: 1108's net debt to equity ratio (50.4%) is considered high.
Reducing Debt: 1108's debt to equity ratio has increased from 49.1% to 61.9% over the past 5 years.
Debt Coverage: 1108's debt is well covered by operating cash flow (28.7%).
Interest Coverage: 1108 earns more interest than it pays, so coverage of interest payments is not a concern.