Hai Kwang Enterprise Balance Sheet Health
Financial Health criteria checks 1/6
Hai Kwang Enterprise has a total shareholder equity of NT$4.1B and total debt of NT$4.3B, which brings its debt-to-equity ratio to 104.2%. Its total assets and total liabilities are NT$9.6B and NT$5.5B respectively. Hai Kwang Enterprise's EBIT is NT$48.3M making its interest coverage ratio 1.3. It has cash and short-term investments of NT$365.8M.
Key information
104.2%
Debt to equity ratio
NT$4.32b
Debt
| Interest coverage ratio | 1.3x |
| Cash | NT$365.77m |
| Equity | NT$4.15b |
| Total liabilities | NT$5.46b |
| Total assets | NT$9.61b |
Recent financial health updates
Hai Kwang Enterprise (TWSE:2038) Takes On Some Risk With Its Use Of Debt
Aug 09
Does Hai Kwang Enterprise (TPE:2038) Have A Healthy Balance Sheet?
Mar 31Hai Kwang Enterprise (TPE:2038) Seems To Be Using A Lot Of Debt
Dec 20
Recent updates
Returns Are Gaining Momentum At Hai Kwang Enterprise (TWSE:2038)
Oct 01Hai Kwang Enterprise (TWSE:2038) Takes On Some Risk With Its Use Of Debt
Aug 09How 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$4.0B) do not cover its short term liabilities (NT$4.1B).
Long Term Liabilities: 2038's short term assets (NT$4.0B) exceed its long term liabilities (NT$1.3B).
Debt to Equity History and Analysis
Debt Level: 2038's net debt to equity ratio (95.4%) is considered high.
Reducing Debt: 2038's debt to equity ratio has increased from 84% to 104.2% over the past 5 years.
Debt Coverage: 2038's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 2038's interest payments on its debt are not well covered by EBIT (1.3x coverage).