Hsin Kuang Steel Balance Sheet Health
Financial Health criteria checks 3/6
Hsin Kuang Steel has a total shareholder equity of NT$12.6B and total debt of NT$12.9B, which brings its debt-to-equity ratio to 102.5%. Its total assets and total liabilities are NT$29.3B and NT$16.7B respectively. Hsin Kuang Steel's EBIT is NT$634.0M making its interest coverage ratio 2.4. It has cash and short-term investments of NT$4.8B.
Key information
102.5%
Debt to equity ratio
NT$12.92b
Debt
| Interest coverage ratio | 2.4x |
| Cash | NT$4.85b |
| Equity | NT$12.60b |
| Total liabilities | NT$16.74b |
| Total assets | NT$29.34b |
Recent financial health updates
Here's Why Hsin Kuang Steel (TPE:2031) Has A Meaningful Debt Burden
Mar 21
These 4 Measures Indicate That Hsin Kuang Steel (TPE:2031) Is Using Debt Extensively
Dec 20
Recent updates
Hsin Kuang Steel's (TWSE:2031) Shareholders Will Receive A Bigger Dividend Than Last Year
Jun 19Investors Don't See Light At End Of Hsin Kuang Steel Company Limited's (TWSE:2031) Tunnel
Jun 17Hsin Kuang Steel's (TWSE:2031) Shareholders Will Receive A Bigger Dividend Than Last Year
May 09Returns Are Gaining Momentum At Hsin Kuang Steel (TPE:2031)
Apr 20Here's Why Hsin Kuang Steel (TPE:2031) Has A Meaningful Debt Burden
Mar 21Is Hsin Kuang Steel Company Limited's (TPE:2031) 9.1% ROE Better Than Average?
Mar 01Hsin Kuang Steel (TPE:2031) Has Gifted Shareholders With A Fantastic 238% Total Return On Their Investment
Feb 11Estimating The Intrinsic Value Of Hsin Kuang Steel Company Limited (TPE:2031)
Jan 25Is Hsin Kuang Steel Company Limited (TPE:2031) A Great Dividend Stock?
Jan 07These 4 Measures Indicate That Hsin Kuang Steel (TPE:2031) Is Using Debt Extensively
Dec 20Is There More Growth In Store For Hsin Kuang Steel's (TPE:2031) Returns On Capital?
Dec 03Financial Position Analysis
Short Term Liabilities: 2031's short term assets (NT$16.2B) exceed its short term liabilities (NT$10.0B).
Long Term Liabilities: 2031's short term assets (NT$16.2B) exceed its long term liabilities (NT$6.8B).
Debt to Equity History and Analysis
Debt Level: 2031's net debt to equity ratio (64.1%) is considered high.
Reducing Debt: 2031's debt to equity ratio has reduced from 118.5% to 102.5% over the past 5 years.
Debt Coverage: 2031's debt is not well covered by operating cash flow (9.2%).
Interest Coverage: 2031's interest payments on its debt are not well covered by EBIT (2.4x coverage).