Shiny Chemical Industrial Balance Sheet Health
Financial Health criteria checks 5/6
Shiny Chemical Industrial has a total shareholder equity of NT$8.7B and total debt of NT$3.6B, which brings its debt-to-equity ratio to 40.9%. Its total assets and total liabilities are NT$14.5B and NT$5.8B respectively. Shiny Chemical Industrial's EBIT is NT$1.8B making its interest coverage ratio 271.2. It has cash and short-term investments of NT$278.6M.
Key information
40.9%
Debt to equity ratio
NT$3.56b
Debt
| Interest coverage ratio | 271.2x |
| Cash | NT$278.61m |
| Equity | NT$8.70b |
| Total liabilities | NT$5.78b |
| Total assets | NT$14.49b |
Recent financial health updates
We Think Shiny Chemical Industrial (TWSE:1773) Is Taking Some Risk With Its Debt
Mar 24
Shiny Chemical Industrial (TPE:1773) Seems To Use Debt Quite Sensibly
Apr 21We Think Shiny Chemical Industrial (TPE:1773) Can Stay On Top Of Its Debt
Jan 11
Recent updates
We Think Shiny Chemical Industrial (TWSE:1773) Is Taking Some Risk With Its Debt
Mar 24Subdued Growth No Barrier To Shiny Chemical Industrial Co., Ltd. (TWSE:1773) With Shares Advancing 36%
Mar 06Shiny Chemical Industrial (TPE:1773) Seems To Use Debt Quite Sensibly
Apr 21Do Shiny Chemical Industrial's (TPE:1773) Earnings Warrant Your Attention?
Apr 09A Look At The Fair Value Of Shiny Chemical Industrial Company Limited (TPE:1773)
Mar 16Could Shiny Chemical Industrial Company Limited (TPE:1773) Have The Makings Of Another Dividend Aristocrat?
Mar 04Shiny Chemical Industrial (TPE:1773) Has Rewarded Shareholders With An Exceptional 308% Total Return On Their Investment
Feb 19Shiny Chemical Industrial Company Limited's (TPE:1773) Stock Has Been Sliding But Fundamentals Look Strong: Is The Market Wrong?
Feb 06Under The Bonnet, Shiny Chemical Industrial's (TPE:1773) Returns Look Impressive
Jan 24We Think Shiny Chemical Industrial (TPE:1773) Can Stay On Top Of Its Debt
Jan 11If You Like EPS Growth Then Check Out Shiny Chemical Industrial (TPE:1773) Before It's Too Late
Dec 29Here's What Shiny Chemical Industrial Company Limited's (TPE:1773) Shareholder Ownership Structure Looks Like
Dec 16Should You Buy Shiny Chemical Industrial Company Limited (TPE:1773) For Its Dividend?
Dec 03Did You Participate In Any Of Shiny Chemical Industrial's (TPE:1773) Fantastic 292% Return ?
Nov 20Financial Position Analysis
Short Term Liabilities: 1773's short term assets (NT$3.5B) exceed its short term liabilities (NT$2.8B).
Long Term Liabilities: 1773's short term assets (NT$3.5B) exceed its long term liabilities (NT$3.0B).
Debt to Equity History and Analysis
Debt Level: 1773's net debt to equity ratio (37.7%) is considered satisfactory.
Reducing Debt: 1773's debt to equity ratio has increased from 0% to 40.9% over the past 5 years.
Debt Coverage: 1773's debt is well covered by operating cash flow (59.3%).
Interest Coverage: 1773's interest payments on its debt are well covered by EBIT (271.2x coverage).