Tex Year Industries Balance Sheet Health
Financial Health criteria checks 6/6
Tex Year Industries has a total shareholder equity of NT$1.5B and total debt of NT$839.5M, which brings its debt-to-equity ratio to 56.4%. Its total assets and total liabilities are NT$3.0B and NT$1.5B respectively. Tex Year Industries's EBIT is NT$30.2M making its interest coverage ratio 3. It has cash and short-term investments of NT$574.0M.
Key information
56.4%
Debt to equity ratio
NT$839.47m
Debt
| Interest coverage ratio | 3x |
| Cash | NT$574.04m |
| Equity | NT$1.49b |
| Total liabilities | NT$1.52b |
| Total assets | NT$3.01b |
Recent financial health updates
Recent updates
We Think You Should Be Aware Of Some Concerning Factors In Tex Year Industries' (TWSE:4720) Earnings
Apr 05
Tex Year Industries (TPE:4720) May Have Issues Allocating Its Capital
Apr 05If You Had Bought Tex Year Industries (TPE:4720) Shares A Year Ago You'd Have Earned 49% Returns
Mar 18Is Tex Year Industries (TPE:4720) Using Too Much Debt?
Feb 28Can Tex Year Industries Inc.'s (TPE:4720) Weak Financials Pull The Plug On The Stock's Current Momentum On Its Share Price?
Feb 09
Is Tex Year Industries Inc. (TPE:4720) A Smart Pick For Income Investors?
Jan 19Has Tex Year Industries (TPE:4720) Got What It Takes To Become A Multi-Bagger?
Dec 31Financial Position Analysis
Short Term Liabilities: 4720's short term assets (NT$1.8B) exceed its short term liabilities (NT$1.2B).
Long Term Liabilities: 4720's short term assets (NT$1.8B) exceed its long term liabilities (NT$272.2M).
Debt to Equity History and Analysis
Debt Level: 4720's net debt to equity ratio (17.8%) is considered satisfactory.
Reducing Debt: 4720's debt to equity ratio has reduced from 77.7% to 56.4% over the past 5 years.
Debt Coverage: 4720's debt is well covered by operating cash flow (47.8%).
Interest Coverage: 4720's interest payments on its debt are well covered by EBIT (3x coverage).