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$4.3B, which brings its debt-to-equity ratio to 71.8%. Its total assets and total liabilities are NT$12.6B and NT$6.6B respectively. Kingcan Holdings's EBIT is NT$234.6M making its interest coverage ratio 1.5. It has cash and short-term investments of NT$1.6B.
Key information
71.8%
Debt to equity ratio
NT$4.29b
Debt
Interest coverage ratio | 1.5x |
Cash | NT$1.60b |
Equity | NT$5.98b |
Total liabilities | NT$6.57b |
Total assets | NT$12.55b |
Financial Position Analysis
Short Term Liabilities: 8411's short term assets (NT$4.7B) exceed its short term liabilities (NT$4.0B).
Long Term Liabilities: 8411's short term assets (NT$4.7B) exceed its long term liabilities (NT$2.6B).
Debt to Equity History and Analysis
Debt Level: 8411's net debt to equity ratio (45%) is considered high.
Reducing Debt: 8411's debt to equity ratio has increased from 62.2% to 71.8% over the past 5 years.
Debt Coverage: 8411's debt is not well covered by operating cash flow (7.8%).
Interest Coverage: 8411's interest payments on its debt are not well covered by EBIT (1.5x coverage).