Asia Polymer Corporation

TWSE:1308 Stock Report

Market Cap: NT$8.2b

Asia Polymer Balance Sheet Health

Financial Health criteria checks 6/6

Asia Polymer has a total shareholder equity of NT$12.4B and total debt of NT$923.7M, which brings its debt-to-equity ratio to 7.4%. Its total assets and total liabilities are NT$14.2B and NT$1.8B respectively. Asia Polymer's EBIT is NT$49.1M making its interest coverage ratio -0.4. It has cash and short-term investments of NT$1.7B.

Key information

7.4%

Debt to equity ratio

NT$923.72m

Debt

Interest coverage ratio-0.4x
CashNT$1.68b
EquityNT$12.43b
Total liabilitiesNT$1.75b
Total assetsNT$14.18b

Recent financial health updates

Is Asia Polymer (TWSE:1308) A Risky Investment?

Nov 11
Is Asia Polymer (TWSE:1308) A Risky Investment?

Asia Polymer (TPE:1308) Seems To Use Debt Rather Sparingly

Apr 20
Asia Polymer (TPE:1308) Seems To Use Debt Rather Sparingly

Asia Polymer (TPE:1308) Could Easily Take On More Debt

Jan 17
Asia Polymer (TPE:1308) Could Easily Take On More Debt

Recent updates

These Return Metrics Don't Make Asia Polymer (TWSE:1308) Look Too Strong

Dec 17
These Return Metrics Don't Make Asia Polymer (TWSE:1308) Look Too Strong

Is Asia Polymer (TWSE:1308) A Risky Investment?

Nov 11
Is Asia Polymer (TWSE:1308) A Risky Investment?

Slowing Rates Of Return At Asia Polymer (TWSE:1308) Leave Little Room For Excitement

Sep 16
Slowing Rates Of Return At Asia Polymer (TWSE:1308) Leave Little Room For Excitement

Asia Polymer (TWSE:1308) Has Announced That Its Dividend Will Be Reduced To NT$0.45

Jul 22
Asia Polymer (TWSE:1308) Has Announced That Its Dividend Will Be Reduced To NT$0.45

What Asia Polymer Corporation's (TWSE:1308) P/S Is Not Telling You

Jul 18
What Asia Polymer Corporation's (TWSE:1308) P/S Is Not Telling You

Asia Polymer's (TWSE:1308) Shareholders Will Receive A Smaller Dividend Than Last Year

Jun 09
Asia Polymer's (TWSE:1308) Shareholders Will Receive A Smaller Dividend Than Last Year

Asia Polymer (TPE:1308) Seems To Use Debt Rather Sparingly

Apr 20
Asia Polymer (TPE:1308) Seems To Use Debt Rather Sparingly

What Do The Returns At Asia Polymer (TPE:1308) Mean Going Forward?

Mar 06
What Do The Returns At Asia Polymer (TPE:1308) Mean Going Forward?

Should Asia Polymer Corporation (TPE:1308) Be Part Of Your Dividend Portfolio?

Feb 16
Should Asia Polymer Corporation (TPE:1308) Be Part Of Your Dividend Portfolio?

Should Asia Polymer (TPE:1308) Be Disappointed With Their 45% Profit?

Feb 01
Should Asia Polymer (TPE:1308) Be Disappointed With Their 45% Profit?

Asia Polymer (TPE:1308) Could Easily Take On More Debt

Jan 17
Asia Polymer (TPE:1308) Could Easily Take On More Debt

Do Its Financials Have Any Role To Play In Driving Asia Polymer Corporation's (TPE:1308) Stock Up Recently?

Jan 02
Do Its Financials Have Any Role To Play In Driving Asia Polymer Corporation's (TPE:1308) Stock Up Recently?

Asia Polymer's (TPE:1308) Earnings Are Growing But Is There More To The Story?

Dec 17
Asia Polymer's (TPE:1308) Earnings Are Growing But Is There More To The Story?

We Like These Underlying Trends At Asia Polymer (TPE:1308)

Dec 02
We Like These Underlying Trends At Asia Polymer (TPE:1308)

Financial Position Analysis

Short Term Liabilities: 1308's short term assets (NT$3.0B) exceed its short term liabilities (NT$1.3B).

Long Term Liabilities: 1308's short term assets (NT$3.0B) exceed its long term liabilities (NT$486.4M).

Debt to Equity History and Analysis

Debt Level: 1308 has more cash than its total debt.

Reducing Debt: 1308's debt to equity ratio has reduced from 60.3% to 7.4% over the past 5 years.

Debt Coverage: 1308's debt is well covered by operating cash flow (69.1%).

Interest Coverage: 1308 earns more interest than it pays, so coverage of interest payments is not a concern.

Balance Sheet

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/21 01:31
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

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

Asia Polymer Corporation is covered by 8 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Yayue HsuehCapital Securities Corporation
Brian ChenIBTS Investment Consulting Co., Ltd.
Jingjun LiaoJih Sun Securities Investment Consulting Co., Ltd.