Shihlin Development Balance Sheet Health
Financial Health criteria checks 2/6
Shihlin Development has a total shareholder equity of NT$1.5B and total debt of NT$6.0B, which brings its debt-to-equity ratio to 406.4%. Its total assets and total liabilities are NT$10.3B and NT$8.8B respectively. Shihlin Development's EBIT is NT$85.1M making its interest coverage ratio 1.3. It has cash and short-term investments of NT$495.7M.
Key information
406.4%
Debt to equity ratio
NT$6.04b
Debt
| Interest coverage ratio | 1.3x |
| Cash | NT$495.73m |
| Equity | NT$1.49b |
| Total liabilities | NT$8.78b |
| Total assets | NT$10.26b |
Financial Position Analysis
Short Term Liabilities: 5324's short term assets (NT$8.5B) exceed its short term liabilities (NT$5.1B).
Long Term Liabilities: 5324's short term assets (NT$8.5B) exceed its long term liabilities (NT$3.7B).
Debt to Equity History and Analysis
Debt Level: 5324's net debt to equity ratio (373.1%) is considered high.
Reducing Debt: 5324's debt to equity ratio has increased from 114.4% to 406.4% over the past 5 years.
Debt Coverage: 5324's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 5324's interest payments on its debt are not well covered by EBIT (1.3x coverage).