Shinkong Synthetic Fibers Balance Sheet Health
Financial Health criteria checks 2/6
Shinkong Synthetic Fibers has a total shareholder equity of NT$47.4B and total debt of NT$65.4B, which brings its debt-to-equity ratio to 137.8%. Its total assets and total liabilities are NT$209.9B and NT$162.5B respectively. Shinkong Synthetic Fibers's EBIT is NT$4.3B making its interest coverage ratio 2.2. It has cash and short-term investments of NT$24.5B.
Key information
137.8%
Debt to equity ratio
NT$65.35b
Debt
Interest coverage ratio | 2.2x |
Cash | NT$24.46b |
Equity | NT$47.44b |
Total liabilities | NT$162.48b |
Total assets | NT$209.92b |
Recent financial health updates
Is Shinkong Synthetic Fibers (TWSE:1409) A Risky Investment?
Jul 05Shinkong 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 17Are 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$140.1B) exceed its short term liabilities (NT$136.4B).
Long Term Liabilities: 1409's short term assets (NT$140.1B) exceed its long term liabilities (NT$26.1B).
Debt to Equity History and Analysis
Debt Level: 1409's net debt to equity ratio (86.2%) is considered high.
Reducing Debt: 1409's debt to equity ratio has increased from 79.3% to 137.8% 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 (2.2x coverage).