Formosan Rubber Group Balance Sheet Health
Financial Health criteria checks 6/6
Formosan Rubber Group has a total shareholder equity of NT$13.0B and total debt of NT$1.6B, which brings its debt-to-equity ratio to 12.1%. Its total assets and total liabilities are NT$15.1B and NT$2.2B respectively. Formosan Rubber Group's EBIT is NT$171.4M making its interest coverage ratio -0.5. It has cash and short-term investments of NT$7.0B.
Key information
12.1%
Debt to equity ratio
NT$1.57b
Debt
Interest coverage ratio | -0.5x |
Cash | NT$6.95b |
Equity | NT$12.96b |
Total liabilities | NT$2.16b |
Total assets | NT$15.12b |
Recent financial health updates
Recent updates
Formosan Rubber Group's (TWSE:2107) Sluggish Earnings Might Be Just The Beginning Of Its Problems
Apr 02Here'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 24Formosan 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$10.3B) exceed its short term liabilities (NT$1.8B).
Long Term Liabilities: 2107's short term assets (NT$10.3B) exceed its long term liabilities (NT$393.8M).
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 24.8% to 12.1% over the past 5 years.
Debt Coverage: 2107's debt is well covered by operating cash flow (41.9%).
Interest Coverage: 2107 earns more interest than it pays, so coverage of interest payments is not a concern.