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$4.1B, which brings its debt-to-equity ratio to 98.7%. Its total assets and total liabilities are NT$9.5B and NT$5.4B respectively. Hai Kwang Enterprise's EBIT is NT$60.9M making its interest coverage ratio 1.5. It has cash and short-term investments of NT$427.9M.
Key information
98.7%
Debt to equity ratio
NT$4.08b
Debt
| Interest coverage ratio | 1.5x |
| Cash | NT$427.90m |
| Equity | NT$4.14b |
| Total liabilities | NT$5.36b |
| Total assets | NT$9.50b |
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$3.9B) do not cover its short term liabilities (NT$4.1B).
Long Term Liabilities: 2038's short term assets (NT$3.9B) exceed its long term liabilities (NT$1.3B).
Debt to Equity History and Analysis
Debt Level: 2038's net debt to equity ratio (88.4%) is considered high.
Reducing Debt: 2038's debt to equity ratio has increased from 87.7% to 98.7% over the past 5 years.
Debt Coverage: 2038's debt is not well covered by operating cash flow (13.5%).
Interest Coverage: 2038's interest payments on its debt are not well covered by EBIT (1.5x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/21 03:52 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
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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
Hai Kwang Enterprise Corporation is covered by 3 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jizong Huang | E.Sun Securities Investment Consulting Co. Ltd. |
| Titan Horng | IBTS Investment Consulting Co., Ltd. |
| Chao-Heng Chiang | Jih Sun Securities Investment Consulting Co., Ltd. |