Kingcan Holdings Balance Sheet Health
Financial Health criteria checks 2/6
Kingcan Holdings has a total shareholder equity of NT$6.0B and total debt of NT$4.4B, which brings its debt-to-equity ratio to 74.4%. Its total assets and total liabilities are NT$13.5B and NT$7.5B respectively. Kingcan Holdings's EBIT is NT$121.0M making its interest coverage ratio 0.8. It has cash and short-term investments of NT$2.0B.
Key information
74.4%
Debt to equity ratio
NT$4.45b
Debt
| Interest coverage ratio | 0.8x |
| Cash | NT$1.98b |
| Equity | NT$5.98b |
| Total liabilities | NT$7.48b |
| Total assets | NT$13.46b |
Financial Position Analysis
Short Term Liabilities: 8411's short term assets (NT$5.5B) exceed its short term liabilities (NT$4.9B).
Long Term Liabilities: 8411's short term assets (NT$5.5B) exceed its long term liabilities (NT$2.6B).
Debt to Equity History and Analysis
Debt Level: 8411's net debt to equity ratio (41.3%) is considered high.
Reducing Debt: 8411's debt to equity ratio has increased from 70.8% to 74.4% over the past 5 years.
Debt Coverage: 8411's debt is not well covered by operating cash flow (11.5%).
Interest Coverage: 8411's interest payments on its debt are not well covered by EBIT (0.8x coverage).