China Man-Made Fiber Balance Sheet Health
Financial Health criteria checks 4/6
China Man-Made Fiber has a total shareholder equity of NT$79.5B and total debt of NT$69.4B, which brings its debt-to-equity ratio to 87.3%. Its total assets and total liabilities are NT$902.2B and NT$822.7B respectively. China Man-Made Fiber's EBIT is NT$15.4B making its interest coverage ratio 1.5. It has cash and short-term investments of NT$51.3B.
Key information
87.3%
Debt to equity ratio
NT$69.37b
Debt
| Interest coverage ratio | 1.5x |
| Cash | NT$51.27b |
| Equity | NT$79.49b |
| Total liabilities | NT$822.70b |
| Total assets | NT$902.19b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 1718's short term assets (NT$683.3B) do not cover its short term liabilities (NT$793.4B).
Long Term Liabilities: 1718's short term assets (NT$683.3B) exceed its long term liabilities (NT$29.3B).
Debt to Equity History and Analysis
Debt Level: 1718's net debt to equity ratio (22.8%) is considered satisfactory.
Reducing Debt: 1718's debt to equity ratio has reduced from 94.7% to 87.3% over the past 5 years.
Debt Coverage: 1718's debt is well covered by operating cash flow (36.8%).
Interest Coverage: 1718's interest payments on its debt are not well covered by EBIT (1.5x coverage).