Formosa Plastics Balance Sheet Health
Financial Health criteria checks 3/6
Formosa Plastics has a total shareholder equity of NT$314.9B and total debt of NT$153.5B, which brings its debt-to-equity ratio to 48.7%. Its total assets and total liabilities are NT$521.7B and NT$206.7B respectively.
Key information
48.7%
Debt to equity ratio
NT$153.53b
Debt
| Interest coverage ratio | n/a |
| Cash | NT$76.70b |
| Equity | NT$314.93b |
| Total liabilities | NT$206.75b |
| Total assets | NT$521.68b |
Recent financial health updates
We Think Formosa Plastics (TWSE:1301) Has A Fair Chunk Of Debt
Oct 30
We Think Formosa Plastics (TWSE:1301) Has A Fair Chunk Of Debt
Jul 30Formosa Plastics (TWSE:1301) Is Making Moderate Use Of Debt
Apr 23Recent updates
We Think Formosa Plastics (TWSE:1301) Has A Fair Chunk Of Debt
Oct 30Investors Still Waiting For A Pull Back In Formosa Plastics Corporation (TWSE:1301)
Sep 07We Think Formosa Plastics (TWSE:1301) Has A Fair Chunk Of Debt
Jul 30Revenues Tell The Story For Formosa Plastics Corporation (TWSE:1301)
Jun 07Formosa Plastics Corporation Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
May 12Formosa Plastics (TWSE:1301) Is Making Moderate Use Of Debt
Apr 23Formosa Plastics Corporation (TWSE:1301) Analysts Are More Bearish Than They Used To Be
Mar 28Formosa Plastics' (TWSE:1301) Anemic Earnings Might Be Worse Than You Think
Mar 14What You Can Learn From Formosa Plastics Corporation's (TWSE:1301) P/S
Feb 26Financial Position Analysis
Short Term Liabilities: 1301's short term assets (NT$142.7B) exceed its short term liabilities (NT$119.7B).
Long Term Liabilities: 1301's short term assets (NT$142.7B) exceed its long term liabilities (NT$87.0B).
Debt to Equity History and Analysis
Debt Level: 1301's net debt to equity ratio (24.4%) is considered satisfactory.
Reducing Debt: 1301's debt to equity ratio has increased from 26.8% to 48.7% over the past 5 years.
Debt Coverage: 1301's debt is not well covered by operating cash flow (2.9%).
Interest Coverage: Insufficient data to determine if 1301's interest payments on its debt are well covered by EBIT.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/25 14:02 |
| End of Day Share Price | 2024/12/25 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Formosa Plastics Corporation is covered by 25 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Changming Yeh | Barclays |
| Yong Liang Por | BNP Paribas Securities (Asia) |
| Joon-Ho Lee | BofA Global Research |