Hai Kwang Enterprise Balance Sheet Health
Financial Health criteria checks 3/6
Hai Kwang Enterprise has a total shareholder equity of NT$4.0B and total debt of NT$4.1B, which brings its debt-to-equity ratio to 103.2%. Its total assets and total liabilities are NT$9.6B and NT$5.6B respectively. Hai Kwang Enterprise's EBIT is NT$48.3M making its interest coverage ratio 3.1. It has cash and short-term investments of NT$506.8M.
Key information
103.2%
Debt to equity ratio
NT$4.12b
Debt
| Interest coverage ratio | 3.1x |
| Cash | NT$506.82m |
| Equity | NT$3.99b |
| Total liabilities | NT$5.58b |
| Total assets | NT$9.57b |
Recent financial health updates
Does Hai Kwang Enterprise (TPE:2038) Have A Healthy Balance Sheet?
Mar 31
Hai Kwang Enterprise (TPE:2038) Seems To Be Using A Lot Of Debt
Dec 20
Recent updates
How Does Hai Kwang Enterprise Corporation (TPE:2038) Fare As A Dividend Stock?
Apr 21Does Hai Kwang Enterprise (TPE:2038) Have A Healthy Balance Sheet?
Mar 31Will The ROCE Trend At Hai Kwang Enterprise (TPE:2038) Continue?
Feb 28Is Hai Kwang Enterprise's (TPE:2038) Share Price Gain Of 220% Well Earned?
Jan 24Hai Kwang Enterprise (TPE:2038) Seems To Be Using A Lot Of Debt
Dec 20Financial Position Analysis
Short Term Liabilities: 2038's short term assets (NT$4.1B) exceed its short term liabilities (NT$4.0B).
Long Term Liabilities: 2038's short term assets (NT$4.1B) exceed its long term liabilities (NT$1.6B).
Debt to Equity History and Analysis
Debt Level: 2038's net debt to equity ratio (90.5%) is considered high.
Reducing Debt: 2038's debt to equity ratio has increased from 87.2% to 103.2% over the past 5 years.
Debt Coverage: 2038's debt is not well covered by operating cash flow (16.8%).
Interest Coverage: 2038's interest payments on its debt are well covered by EBIT (3.1x coverage).