Hsin Kuang Steel Company Limited

TWSE:2031 Stock Report

Market Cap: NT$14.7b

Hsin Kuang Steel Balance Sheet Health

Financial Health criteria checks 3/6

Hsin Kuang Steel has a total shareholder equity of NT$12.8B and total debt of NT$14.5B, which brings its debt-to-equity ratio to 112.9%. Its total assets and total liabilities are NT$30.2B and NT$17.4B respectively. Hsin Kuang Steel's EBIT is NT$571.5M making its interest coverage ratio 2. It has cash and short-term investments of NT$4.8B.

Key information

112.9%

Debt to equity ratio

NT$14.49b

Debt

Interest coverage ratio2x
CashNT$4.75b
EquityNT$12.84b
Total liabilitiesNT$17.35b
Total assetsNT$30.20b

Recent financial health updates

Here's Why Hsin Kuang Steel (TPE:2031) Has A Meaningful Debt Burden

Mar 21
Here's Why Hsin Kuang Steel (TPE:2031) Has A Meaningful Debt Burden

These 4 Measures Indicate That Hsin Kuang Steel (TPE:2031) Is Using Debt Extensively

Dec 20
These 4 Measures Indicate That Hsin Kuang Steel (TPE:2031) Is Using Debt Extensively

Recent updates

Hsin Kuang Steel's (TWSE:2031) Shareholders Will Receive A Bigger Dividend Than Last Year

Jun 19
Hsin Kuang Steel's (TWSE:2031) Shareholders Will Receive A Bigger Dividend Than Last Year

Investors Don't See Light At End Of Hsin Kuang Steel Company Limited's (TWSE:2031) Tunnel

Jun 17
Investors Don't See Light At End Of Hsin Kuang Steel Company Limited's (TWSE:2031) Tunnel

Hsin Kuang Steel's (TWSE:2031) Shareholders Will Receive A Bigger Dividend Than Last Year

May 09
Hsin Kuang Steel's (TWSE:2031) Shareholders Will Receive A Bigger Dividend Than Last Year

Returns Are Gaining Momentum At Hsin Kuang Steel (TPE:2031)

Apr 20
Returns Are Gaining Momentum At Hsin Kuang Steel (TPE:2031)

Here's Why Hsin Kuang Steel (TPE:2031) Has A Meaningful Debt Burden

Mar 21
Here's Why Hsin Kuang Steel (TPE:2031) Has A Meaningful Debt Burden

Is Hsin Kuang Steel Company Limited's (TPE:2031) 9.1% ROE Better Than Average?

Mar 01
Is Hsin Kuang Steel Company Limited's (TPE:2031) 9.1% ROE Better Than Average?

Hsin Kuang Steel (TPE:2031) Has Gifted Shareholders With A Fantastic 238% Total Return On Their Investment

Feb 11
Hsin Kuang Steel (TPE:2031) Has Gifted Shareholders With A Fantastic 238% Total Return On Their Investment

Estimating The Intrinsic Value Of Hsin Kuang Steel Company Limited (TPE:2031)

Jan 25
Estimating The Intrinsic Value Of Hsin Kuang Steel Company Limited (TPE:2031)

Is Hsin Kuang Steel Company Limited (TPE:2031) A Great Dividend Stock?

Jan 07
Is Hsin Kuang Steel Company Limited (TPE:2031) A Great Dividend Stock?

These 4 Measures Indicate That Hsin Kuang Steel (TPE:2031) Is Using Debt Extensively

Dec 20
These 4 Measures Indicate That Hsin Kuang Steel (TPE:2031) Is Using Debt Extensively

Is There More Growth In Store For Hsin Kuang Steel's (TPE:2031) Returns On Capital?

Dec 03
Is There More Growth In Store For Hsin Kuang Steel's (TPE:2031) Returns On Capital?

Financial Position Analysis

Short Term Liabilities: 2031's short term assets (NT$16.7B) exceed its short term liabilities (NT$10.0B).

Long Term Liabilities: 2031's short term assets (NT$16.7B) exceed its long term liabilities (NT$7.3B).

Debt to Equity History and Analysis

Debt Level: 2031's net debt to equity ratio (75.9%) is considered high.

Reducing Debt: 2031's debt to equity ratio has reduced from 130.5% to 112.9% over the past 5 years.

Debt Coverage: 2031's debt is not well covered by operating cash flow (14.4%).

Interest Coverage: 2031's interest payments on its debt are not well covered by EBIT (2x coverage).

Balance Sheet

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/06 05:46
End of Day Share Price 2025/01/06 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

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

Hsin Kuang Steel Company Limited is covered by 4 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
irene YuE.Sun Securities Investment Consulting Co. Ltd.
Yayue HsuehIBTS Investment Consulting Co., Ltd.
Qiuxiang LinJih Sun Securities Investment Consulting Co., Ltd.