Formosan Rubber Group Balance Sheet Health
Financial Health criteria checks 6/6
Formosan Rubber Group has a total shareholder equity of NT$13.4B and total debt of NT$1.4B, which brings its debt-to-equity ratio to 10.1%. Its total assets and total liabilities are NT$15.3B and NT$1.9B respectively. Formosan Rubber Group's EBIT is NT$224.6M making its interest coverage ratio -0.9. It has cash and short-term investments of NT$7.3B.
Key information
10.1%
Debt to equity ratio
NT$1.35b
Debt
| Interest coverage ratio | -0.9x |
| Cash | NT$7.34b |
| Equity | NT$13.36b |
| Total liabilities | NT$1.93b |
| Total assets | NT$15.29b |
Recent financial health updates
Recent updates
Formosan Rubber Group's (TWSE:2107) Sluggish Earnings Might Be Just The Beginning Of Its Problems
Apr 02
Here's What To Make Of Formosan Rubber Group's (TPE:2107) Decelerating Rates Of Return
Mar 24These 4 Measures Indicate That Formosan Rubber Group (TPE:2107) Is Using Debt Safely
Feb 14Is Formosan Rubber Group Inc. (TPE:2107) An Attractive Dividend Stock?
Jan 28Shareholders Of Formosan Rubber Group (TPE:2107) Must Be Happy With Their 71% Return
Jan 11Should We Be Excited About The Trends Of Returns At Formosan Rubber Group (TPE:2107)?
Dec 24
Formosan Rubber Group's (TPE:2107) Earnings Are Growing But Is There More To The Story?
Dec 04Financial Position Analysis
Short Term Liabilities: 2107's short term assets (NT$10.4B) exceed its short term liabilities (NT$1.7B).
Long Term Liabilities: 2107's short term assets (NT$10.4B) exceed its long term liabilities (NT$246.8M).
Debt to Equity History and Analysis
Debt Level: 2107 has more cash than its total debt.
Reducing Debt: 2107's debt to equity ratio has reduced from 13.6% to 10.1% over the past 5 years.
Debt Coverage: 2107's debt is well covered by operating cash flow (52.8%).
Interest Coverage: 2107 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 08:20 |
| End of Day Share Price | 2024/12/23 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
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Analyst Sources
Formosan Rubber Group Inc. is covered by 4 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 |
|---|---|
| Sze-wai Cheng | E.Sun Securities Investment Consulting Co. Ltd. |
| Titan Horng | IBTS Investment Consulting Co., Ltd. |
| Wanchen Chang | Masterlink Securities Corp. |