Tung Ho Steel Enterprise Balance Sheet Health
Financial Health criteria checks 5/6
Tung Ho Steel Enterprise has a total shareholder equity of NT$31.2B and total debt of NT$15.5B, which brings its debt-to-equity ratio to 49.7%. Its total assets and total liabilities are NT$56.4B and NT$25.2B respectively. Tung Ho Steel Enterprise's EBIT is NT$6.0B making its interest coverage ratio 16.7. It has cash and short-term investments of NT$1.9B.
Key information
49.7%
Debt to equity ratio
NT$15.50b
Debt
| Interest coverage ratio | 16.7x |
| Cash | NT$1.88b |
| Equity | NT$31.16b |
| Total liabilities | NT$25.22b |
| Total assets | NT$56.38b |
Recent financial health updates
Does Tung Ho Steel Enterprise (TPE:2006) Have A Healthy Balance Sheet?
Apr 10
Here's Why Tung Ho Steel Enterprise (TPE:2006) Can Manage Its Debt Responsibly
Dec 30Recent updates
Returns At Tung Ho Steel Enterprise (TWSE:2006) Are On The Way Up
Apr 22Does Tung Ho Steel Enterprise (TPE:2006) Have A Healthy Balance Sheet?
Apr 10One Analyst's Earnings Estimates For Tung Ho Steel Enterprise Corporation (TPE:2006) Are Surging Higher
Mar 26Should You Be Adding Tung Ho Steel Enterprise (TPE:2006) To Your Watchlist Today?
Mar 19Do Its Financials Have Any Role To Play In Driving Tung Ho Steel Enterprise Corporation's (TPE:2006) Stock Up Recently?
Mar 03Estimating The Fair Value Of Tung Ho Steel Enterprise Corporation (TPE:2006)
Feb 18
What Can The Trends At Tung Ho Steel Enterprise (TPE:2006) Tell Us About Their Returns?
Feb 05Is Tung Ho Steel Enterprise Corporation (TPE:2006) A Good Fit For Your Dividend Portfolio?
Jan 23Here's Why Tung Ho Steel Enterprise (TPE:2006) Can Manage Its Debt Responsibly
Dec 30Here's Why I Think Tung Ho Steel Enterprise (TPE:2006) Is An Interesting Stock
Dec 19Should You Rely On Tung Ho Steel Enterprise's (TPE:2006) Earnings Growth?
Dec 08Tung Ho Steel Enterprise Corporation's (TPE:2006) Stock Is Going Strong: Have Financials A Role To Play?
Nov 26Financial Position Analysis
Short Term Liabilities: 2006's short term assets (NT$32.3B) exceed its short term liabilities (NT$23.1B).
Long Term Liabilities: 2006's short term assets (NT$32.3B) exceed its long term liabilities (NT$2.1B).
Debt to Equity History and Analysis
Debt Level: 2006's net debt to equity ratio (43.7%) is considered high.
Reducing Debt: 2006's debt to equity ratio has reduced from 80.2% to 49.7% over the past 5 years.
Debt Coverage: 2006's debt is well covered by operating cash flow (29.8%).
Interest Coverage: 2006's interest payments on its debt are well covered by EBIT (16.7x coverage).