Wei Chih Steel Industrial Balance Sheet Health
Financial Health criteria checks 4/6
Wei Chih Steel Industrial has a total shareholder equity of NT$4.5B and total debt of NT$2.2B, which brings its debt-to-equity ratio to 49.5%. Its total assets and total liabilities are NT$8.6B and NT$4.1B respectively. Wei Chih Steel Industrial's EBIT is NT$449.6M making its interest coverage ratio 24.5. It has cash and short-term investments of NT$86.5M.
Key information
49.5%
Debt to equity ratio
NT$2.23b
Debt
| Interest coverage ratio | 24.5x |
| Cash | NT$86.48m |
| Equity | NT$4.50b |
| Total liabilities | NT$4.06b |
| Total assets | NT$8.57b |
Recent financial health updates
Here's Why Wei Chih Steel Industrial (TWSE:2028) Has A Meaningful Debt Burden
Apr 09
Wei Chih Steel IndustrialLtd (TPE:2028) Seems To Use Debt Quite Sensibly
Mar 01We Think Wei Chih Steel IndustrialLtd (TPE:2028) Is Taking Some Risk With Its Debt
Nov 26Recent updates
Here's Why Wei Chih Steel Industrial (TWSE:2028) Has A Meaningful Debt Burden
Apr 09The Return Trends At Wei Chih Steel IndustrialLtd (TPE:2028) Look Promising
Apr 12Wei Chih Steel IndustrialLtd (TPE:2028) Seems To Use Debt Quite Sensibly
Mar 01Are Wei Chih Steel IndustrialLtd's (TPE:2028) Statutory Earnings A Good Reflection Of Its Earnings Potential?
Feb 08
Is Wei Chih Steel Industrial Co.,Ltd.'s (TPE:2028) Latest Stock Performance A Reflection Of Its Financial Health?
Jan 21Is Wei Chih Steel IndustrialLtd (TPE:2028) A Future Multi-bagger?
Jan 03Investors Who Bought Wei Chih Steel IndustrialLtd (TPE:2028) Shares Five Years Ago Are Now Up 727%
Dec 14We Think Wei Chih Steel IndustrialLtd (TPE:2028) Is Taking Some Risk With Its Debt
Nov 26Financial Position Analysis
Short Term Liabilities: 2028's short term assets (NT$4.5B) exceed its short term liabilities (NT$2.6B).
Long Term Liabilities: 2028's short term assets (NT$4.5B) exceed its long term liabilities (NT$1.5B).
Debt to Equity History and Analysis
Debt Level: 2028's net debt to equity ratio (47.5%) is considered high.
Reducing Debt: 2028's debt to equity ratio has reduced from 99.8% to 49.5% over the past 5 years.
Debt Coverage: 2028's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 2028's interest payments on its debt are well covered by EBIT (24.5x coverage).