Sinkang Industries Balance Sheet Health
Financial Health criteria checks 5/6
Sinkang Industries has a total shareholder equity of NT$1.7B and total debt of NT$12.8M, which brings its debt-to-equity ratio to 0.8%. Its total assets and total liabilities are NT$1.9B and NT$233.6M respectively. Sinkang Industries's EBIT is NT$8.3M making its interest coverage ratio -4.2. It has cash and short-term investments of NT$165.4M.
Key information
0.8%
Debt to equity ratio
NT$12.81m
Debt
| Interest coverage ratio | -4.2x |
| Cash | NT$165.39m |
| Equity | NT$1.70b |
| Total liabilities | NT$233.60m |
| Total assets | NT$1.93b |
Recent financial health updates
Is Sinkang Industries (TPE:2032) A Risky Investment?
Mar 15
Is Sinkang Industries (TPE:2032) A Risky Investment?
Dec 15Recent updates
We Think That There Are Some Issues For Sinkang Industries (TWSE:2032) Beyond Its Promising Earnings
Aug 18Pinning Down Sinkang Industries Co., Ltd.'s (TWSE:2032) P/S Is Difficult Right Now
Aug 07Sinkang Industries (TPE:2032) Might Have The Makings Of A Multi-Bagger
Apr 20Is Sinkang Industries (TPE:2032) A Risky Investment?
Mar 15Does Sinkang Industries Co., Ltd.'s (TPE:2032) Weak Fundamentals Mean That The Market Could Correct Its Share Price?
Feb 25Should You Buy Sinkang Industries Co., Ltd. (TPE:2032) For Its 2.8% Dividend?
Feb 07
What Do The Returns At Sinkang Industries (TPE:2032) Mean Going Forward?
Jan 19Sinkang Industries (TPE:2032) Has Gifted Shareholders With A Fantastic 125% Total Return On Their Investment
Jan 01Is Sinkang Industries (TPE:2032) A Risky Investment?
Dec 15Sinkang Industries Co., Ltd.'s (TPE:2032) Stock's Been Going Strong: Could Weak Financials Mean The Market Will Coorect Its Share Price?
Nov 27Financial Position Analysis
Short Term Liabilities: 2032's short term assets (NT$1.1B) exceed its short term liabilities (NT$84.5M).
Long Term Liabilities: 2032's short term assets (NT$1.1B) exceed its long term liabilities (NT$149.1M).
Debt to Equity History and Analysis
Debt Level: 2032 has more cash than its total debt.
Reducing Debt: 2032's debt to equity ratio has reduced from 1.3% to 0.8% over the past 5 years.
Debt Coverage: 2032's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 2032 earns more interest than it pays, so coverage of interest payments is not a concern.