Formosan Union Chemical Balance Sheet Health
Financial Health criteria checks 6/6
Formosan Union Chemical has a total shareholder equity of NT$9.6B and total debt of NT$1.3B, which brings its debt-to-equity ratio to 13.1%. Its total assets and total liabilities are NT$13.4B and NT$3.8B respectively. Formosan Union Chemical's EBIT is NT$625.0M making its interest coverage ratio -446.7. It has cash and short-term investments of NT$533.6M.
Key information
13.1%
Debt to equity ratio
NT$1.26b
Debt
| Interest coverage ratio | -446.7x |
| Cash | NT$533.64m |
| Equity | NT$9.61b |
| Total liabilities | NT$3.82b |
| Total assets | NT$13.44b |
Recent financial health updates
Formosan Union Chemical (TWSE:1709) Seems To Use Debt Quite Sensibly
Jun 26
Is Formosan Union Chemical (TPE:1709) A Risky Investment?
Feb 07Recent updates
Formosan Union Chemical (TWSE:1709) Will Pay A Smaller Dividend Than Last Year
Jul 29Optimistic Investors Push Formosan Union Chemical Corp. (TWSE:1709) Shares Up 28% But Growth Is Lacking
Jul 19Formosan Union Chemical's (TWSE:1709) Dividend Is Being Reduced To NT$0.60
Jul 15Formosan Union Chemical (TWSE:1709) Seems To Use Debt Quite Sensibly
Jun 26Why Formosan Union Chemical's (TWSE:1709) Shaky Earnings Are Just The Beginning Of Its Problems
Mar 24Here's What To Make Of Formosan Union Chemical's (TPE:1709) Decelerating Rates Of Return
Apr 02Read This Before Buying Formosan Union Chemical Corp. (TPE:1709) For Its Dividend
Mar 15Could Formosan Union Chemical Corp.'s (TPE:1709) Weak Financials Mean That The Market Could Correct Its Share Price?
Feb 25Is Formosan Union Chemical (TPE:1709) A Risky Investment?
Feb 07If You Had Bought Formosan Union Chemical's (TPE:1709) Shares Three Years Ago You Would Be Down 26%
Jan 21Should We Be Excited About The Trends Of Returns At Formosan Union Chemical (TPE:1709)?
Jan 01Three Things You Should Check Before Buying Formosan Union Chemical Corp. (TPE:1709) For Its Dividend
Dec 15
Formosan Union Chemical Corp.'s (TPE:1709) Stock Been Rising But Financials Look Weak: Should Shareholders Be Worried?
Nov 27Financial Position Analysis
Short Term Liabilities: 1709's short term assets (NT$5.4B) exceed its short term liabilities (NT$2.3B).
Long Term Liabilities: 1709's short term assets (NT$5.4B) exceed its long term liabilities (NT$1.5B).
Debt to Equity History and Analysis
Debt Level: 1709's net debt to equity ratio (7.5%) is considered satisfactory.
Reducing Debt: 1709's debt to equity ratio has reduced from 36.1% to 13.1% over the past 5 years.
Debt Coverage: 1709's debt is well covered by operating cash flow (80.2%).
Interest Coverage: 1709 earns more interest than it pays, so coverage of interest payments is not a concern.