Formosan Rubber Group Balance Sheet Health
Financial Health criteria checks 6/6
Formosan Rubber Group has a total shareholder equity of NT$12.4B and total debt of NT$1.3B, which brings its debt-to-equity ratio to 10.7%. Its total assets and total liabilities are NT$14.3B and NT$1.9B respectively. Formosan Rubber Group's EBIT is NT$199.9M making its interest coverage ratio -0.6. It has cash and short-term investments of NT$6.4B.
Key information
10.7%
Debt to equity ratio
NT$1.33b
Debt
| Interest coverage ratio | -0.6x |
| Cash | NT$6.36b |
| Equity | NT$12.40b |
| Total liabilities | NT$1.88b |
| Total assets | NT$14.28b |
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$9.6B) exceed its short term liabilities (NT$1.6B).
Long Term Liabilities: 2107's short term assets (NT$9.6B) exceed its long term liabilities (NT$242.8M).
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 26.4% to 10.7% over the past 5 years.
Debt Coverage: 2107's debt is well covered by operating cash flow (51.3%).
Interest Coverage: 2107 earns more interest than it pays, so coverage of interest payments is not a concern.