Shinkong Synthetic Fibers Balance Sheet Health
Financial Health criteria checks 2/6
Shinkong Synthetic Fibers has a total shareholder equity of NT$46.8B and total debt of NT$57.5B, which brings its debt-to-equity ratio to 122.7%. Its total assets and total liabilities are NT$195.0B and NT$148.2B respectively. Shinkong Synthetic Fibers's EBIT is NT$3.5B making its interest coverage ratio 2. It has cash and short-term investments of NT$16.8B.
Key information
122.7%
Debt to equity ratio
NT$57.46b
Debt
| Interest coverage ratio | 2x |
| Cash | NT$16.81b |
| Equity | NT$46.85b |
| Total liabilities | NT$148.20b |
| Total assets | NT$195.04b |
Recent financial health updates
Shinkong Synthetic Fibers (TPE:1409) Takes On Some Risk With Its Use Of Debt
Apr 10
Is Shinkong Synthetic Fibers (TPE:1409) Using Too Much Debt?
Dec 25Recent updates
Returns 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$125.9B) exceed its short term liabilities (NT$123.4B).
Long Term Liabilities: 1409's short term assets (NT$125.9B) exceed its long term liabilities (NT$24.8B).
Debt to Equity History and Analysis
Debt Level: 1409's net debt to equity ratio (86.8%) is considered high.
Reducing Debt: 1409's debt to equity ratio has increased from 78.3% to 122.7% 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 not well covered by EBIT (2x coverage).