Asia Polymer Balance Sheet Health
Financial Health criteria checks 6/6
Asia Polymer has a total shareholder equity of NT$13.3B and total debt of NT$546.1M, which brings its debt-to-equity ratio to 4.1%. Its total assets and total liabilities are NT$15.0B and NT$1.7B respectively. Asia Polymer's EBIT is NT$923.8M making its interest coverage ratio -7.2. It has cash and short-term investments of NT$2.1B.
Key information
4.1%
Debt to equity ratio
NT$546.09m
Debt
| Interest coverage ratio | -7.2x |
| Cash | NT$2.09b |
| Equity | NT$13.34b |
| Total liabilities | NT$1.67b |
| Total assets | NT$15.01b |
Recent financial health updates
Asia Polymer (TPE:1308) Seems To Use Debt Rather Sparingly
Apr 20
Asia Polymer (TPE:1308) Could Easily Take On More Debt
Jan 17Recent updates
Asia Polymer (TPE:1308) Seems To Use Debt Rather Sparingly
Apr 20What Do The Returns At Asia Polymer (TPE:1308) Mean Going Forward?
Mar 06Should Asia Polymer Corporation (TPE:1308) Be Part Of Your Dividend Portfolio?
Feb 16Should Asia Polymer (TPE:1308) Be Disappointed With Their 45% Profit?
Feb 01
Asia Polymer (TPE:1308) Could Easily Take On More Debt
Jan 17Do Its Financials Have Any Role To Play In Driving Asia Polymer Corporation's (TPE:1308) Stock Up Recently?
Jan 02Asia Polymer's (TPE:1308) Earnings Are Growing But Is There More To The Story?
Dec 17We Like These Underlying Trends At Asia Polymer (TPE:1308)
Dec 02Financial Position Analysis
Short Term Liabilities: 1308's short term assets (NT$3.3B) exceed its short term liabilities (NT$1.0B).
Long Term Liabilities: 1308's short term assets (NT$3.3B) exceed its long term liabilities (NT$643.9M).
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 52.6% to 4.1% over the past 5 years.
Debt Coverage: 1308's debt is well covered by operating cash flow (150.6%).
Interest Coverage: 1308 earns more interest than it pays, so coverage of interest payments is not a concern.