Shinkong Synthetic Fibers Balance Sheet Health
Financial Health criteria checks 3/6
Shinkong Synthetic Fibers has a total shareholder equity of NT$49.4B and total debt of NT$67.3B, which brings its debt-to-equity ratio to 136.3%. Its total assets and total liabilities are NT$215.7B and NT$166.4B respectively. Shinkong Synthetic Fibers's EBIT is NT$3.3B making its interest coverage ratio 6.8. It has cash and short-term investments of NT$22.7B.
Key information
136.3%
Debt to equity ratio
NT$67.30b
Debt
| Interest coverage ratio | 6.8x |
| Cash | NT$22.71b |
| Equity | NT$49.36b |
| Total liabilities | NT$166.35b |
| Total assets | NT$215.72b |
Recent financial health updates
Is Shinkong Synthetic Fibers (TWSE:1409) A Risky Investment?
Jul 05
Shinkong Synthetic Fibers (TPE:1409) Takes On Some Risk With Its Use Of Debt
Apr 10Is Shinkong Synthetic Fibers (TPE:1409) Using Too Much Debt?
Dec 25Recent updates
Shinkong Synthetic Fibers' (TWSE:1409) Dividend Is Being Reduced To NT$0.55
Aug 08There's Reason For Concern Over Shinkong Synthetic Fibers Corporation's (TWSE:1409) Price
Aug 07Is Shinkong Synthetic Fibers (TWSE:1409) A Risky Investment?
Jul 05Returns On Capital Signal Tricky Times Ahead For Shinkong Synthetic Fibers (TWSE:1409)
Mar 05Shinkong Synthetic Fibers (TPE:1409) Takes On Some Risk With Its Use Of Debt
Apr 10Estimating The Intrinsic Value Of Shinkong Synthetic Fibers Corporation (TPE:1409)
Mar 26Returns On Capital At Shinkong Synthetic Fibers (TPE:1409) Paint An Interesting Picture
Mar 09Did You Participate In Any Of Shinkong Synthetic Fibers' (TPE:1409) Respectable 67% Return?
Feb 17
Are Shinkong Synthetic Fibers's (TPE:1409) Statutory Earnings A Good Guide To Its Underlying Profitability?
Jan 30Is Shinkong Synthetic Fibers Corporation (TPE:1409) A Good Dividend Stock?
Jan 12Is Shinkong Synthetic Fibers (TPE:1409) Using Too Much Debt?
Dec 25Returns On Capital At Shinkong Synthetic Fibers (TPE:1409) Paint An Interesting Picture
Nov 28Financial Position Analysis
Short Term Liabilities: 1409's short term assets (NT$145.9B) exceed its short term liabilities (NT$136.1B).
Long Term Liabilities: 1409's short term assets (NT$145.9B) exceed its long term liabilities (NT$30.2B).
Debt to Equity History and Analysis
Debt Level: 1409's net debt to equity ratio (90.3%) is considered high.
Reducing Debt: 1409's debt to equity ratio has increased from 85.5% to 136.3% over the past 5 years.
Debt Coverage: 1409's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 1409's interest payments on its debt are well covered by EBIT (6.8x coverage).