Wei Chih Steel Industrial Balance Sheet Health
Financial Health criteria checks 4/6
Wei Chih Steel Industrial has a total shareholder equity of NT$4.6B and total debt of NT$3.6B, which brings its debt-to-equity ratio to 78.4%. Its total assets and total liabilities are NT$9.6B and NT$5.1B respectively. Wei Chih Steel Industrial's EBIT is NT$467.8M making its interest coverage ratio 12.9. It has cash and short-term investments of NT$126.2M.
Key information
78.4%
Debt to equity ratio
NT$3.59b
Debt
| Interest coverage ratio | 12.9x |
| Cash | NT$126.17m |
| Equity | NT$4.59b |
| Total liabilities | NT$5.06b |
| Total assets | NT$9.64b |
Recent financial health updates
Wei Chih Steel Industrial (TWSE:2028) Takes On Some Risk With Its Use Of Debt
Sep 29
Here's Why Wei Chih Steel Industrial (TWSE:2028) Has A Meaningful Debt Burden
Apr 09Wei 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
Wei Chih Steel Industrial (TWSE:2028) Strong Profits May Be Masking Some Underlying Issues
Nov 18Wei Chih Steel Industrial (TWSE:2028) Takes On Some Risk With Its Use Of Debt
Sep 29Here'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$5.5B) exceed its short term liabilities (NT$3.6B).
Long Term Liabilities: 2028's short term assets (NT$5.5B) exceed its long term liabilities (NT$1.5B).
Debt to Equity History and Analysis
Debt Level: 2028's net debt to equity ratio (75.6%) is considered high.
Reducing Debt: 2028's debt to equity ratio has reduced from 90.7% to 78.4% 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 (12.9x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/21 10:11 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Wei Chih Steel Industrial Co., Ltd. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
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