Yuen Chang Stainless Steel Balance Sheet Health
Financial Health criteria checks 2/6
Yuen Chang Stainless Steel has a total shareholder equity of NT$3.8B and total debt of NT$4.6B, which brings its debt-to-equity ratio to 120.9%. Its total assets and total liabilities are NT$9.2B and NT$5.3B respectively. Yuen Chang Stainless Steel's EBIT is NT$89.9M making its interest coverage ratio 0.5. It has cash and short-term investments of NT$212.5M.
Key information
120.9%
Debt to equity ratio
NT$4.61b
Debt
| Interest coverage ratio | 0.5x |
| Cash | NT$212.51m |
| Equity | NT$3.81b |
| Total liabilities | NT$5.35b |
| Total assets | NT$9.16b |
Recent financial health updates
Yuen Chang Stainless Steel (TPE:2069) Seems To Be Using A Lot Of Debt
Apr 12
We Think Yuen Chang Stainless Steel (TPE:2069) Is Taking Some Risk With Its Debt
Dec 12
Recent updates
Yuen Chang Stainless Steel Co., Ltd.'s (TWSE:2069) Subdued P/S Might Signal An Opportunity
Nov 11Yuen Chang Stainless Steel (TPE:2069) Seems To Be Using A Lot Of Debt
Apr 12Yuen Chang Stainless Steel Co., Ltd. (TPE:2069) Investors Are Less Pessimistic Than Expected
Mar 25Does Yuen Chang Stainless Steel Co., Ltd. (TPE:2069) Have A Place In Your Dividend Stock Portfolio?
Mar 01Returns On Capital At Yuen Chang Stainless Steel (TPE:2069) Paint An Interesting Picture
Feb 02Yuen Chang Stainless Steel's (TPE:2069) Stock Price Has Reduced 29% In The Past Three Years
Jan 07We Think Yuen Chang Stainless Steel (TPE:2069) Is Taking Some Risk With Its Debt
Dec 12Financial Position Analysis
Short Term Liabilities: 2069's short term assets (NT$4.5B) do not cover its short term liabilities (NT$4.5B).
Long Term Liabilities: 2069's short term assets (NT$4.5B) exceed its long term liabilities (NT$866.4M).
Debt to Equity History and Analysis
Debt Level: 2069's net debt to equity ratio (115.3%) is considered high.
Reducing Debt: 2069's debt to equity ratio has reduced from 121.7% to 120.9% over the past 5 years.
Debt Coverage: 2069's debt is not well covered by operating cash flow (11%).
Interest Coverage: 2069's interest payments on its debt are not well covered by EBIT (0.5x coverage).