Formosan Union Chemical Balance Sheet Health
Financial Health criteria checks 6/6
Formosan Union Chemical has a total shareholder equity of NT$8.3B and total debt of NT$1.5B, which brings its debt-to-equity ratio to 18.5%. Its total assets and total liabilities are NT$12.1B and NT$3.8B respectively. Formosan Union Chemical's EBIT is NT$433.7M making its interest coverage ratio -64.1. It has cash and short-term investments of NT$724.4M.
Key information
18.5%
Debt to equity ratio
NT$1.53b
Debt
| Interest coverage ratio | -64.1x |
| Cash | NT$724.37m |
| Equity | NT$8.25b |
| Total liabilities | NT$3.84b |
| Total assets | NT$12.09b |
Recent financial health updates
Recent updates
Why Formosan Union Chemical's (TWSE:1709) Shaky Earnings Are Just The Beginning Of Its Problems
Mar 24
Here'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$5.3B) exceed its short term liabilities (NT$2.8B).
Long Term Liabilities: 1709's short term assets (NT$5.3B) exceed its long term liabilities (NT$1.1B).
Debt to Equity History and Analysis
Debt Level: 1709's net debt to equity ratio (9.7%) is considered satisfactory.
Reducing Debt: 1709's debt to equity ratio has reduced from 34.2% to 18.5% over the past 5 years.
Debt Coverage: 1709's debt is well covered by operating cash flow (52.2%).
Interest Coverage: 1709 earns more interest than it pays, so coverage of interest payments is not a concern.