Formosa Laboratories Balance Sheet Health
Financial Health criteria checks 6/6
Formosa Laboratories has a total shareholder equity of NT$8.2B and total debt of NT$4.0B, which brings its debt-to-equity ratio to 49%. Its total assets and total liabilities are NT$13.6B and NT$5.4B respectively. Formosa Laboratories's EBIT is NT$675.0M making its interest coverage ratio 61.2. It has cash and short-term investments of NT$2.5B.
Key information
49.0%
Debt to equity ratio
NT$4.02b
Debt
| Interest coverage ratio | 61.2x |
| Cash | NT$2.51b |
| Equity | NT$8.21b |
| Total liabilities | NT$5.43b |
| Total assets | NT$13.64b |
Recent financial health updates
Here's Why Formosa Laboratories (TPE:4746) Has A Meaningful Debt Burden
Apr 19
Formosa Laboratories (TPE:4746) Is Making Moderate Use Of Debt
Jan 11
Recent updates
Benign Growth For Formosa Laboratories, Inc. (TWSE:4746) Underpins Its Share Price
Apr 19Here's Why Formosa Laboratories (TPE:4746) Has A Meaningful Debt Burden
Apr 19Does Formosa Laboratories, Inc.'s (TPE:4746) Weak Fundamentals Mean A Downturn In Its Stock Should Be Expected?
Mar 16What Type Of Returns Would Formosa Laboratories'(TPE:4746) Shareholders Have Earned If They Purchased Their SharesFive Years Ago?
Feb 08Formosa Laboratories (TPE:4746) Is Making Moderate Use Of Debt
Jan 11Formosa Laboratories's (TPE:4746) Earnings Are Growing But Is There More To The Story?
Dec 13Financial Position Analysis
Short Term Liabilities: 4746's short term assets (NT$5.2B) exceed its short term liabilities (NT$3.2B).
Long Term Liabilities: 4746's short term assets (NT$5.2B) exceed its long term liabilities (NT$2.2B).
Debt to Equity History and Analysis
Debt Level: 4746's net debt to equity ratio (18.4%) is considered satisfactory.
Reducing Debt: 4746's debt to equity ratio has reduced from 70.3% to 49% over the past 5 years.
Debt Coverage: 4746's debt is well covered by operating cash flow (20.6%).
Interest Coverage: 4746's interest payments on its debt are well covered by EBIT (61.2x coverage).