Tacheng Real EstateLtd Balance Sheet Health
Financial Health criteria checks 5/6
Tacheng Real EstateLtd has a total shareholder equity of NT$2.0B and total debt of NT$550.9M, which brings its debt-to-equity ratio to 27.8%. Its total assets and total liabilities are NT$3.3B and NT$1.3B respectively. Tacheng Real EstateLtd's EBIT is NT$284.7M making its interest coverage ratio -123.3. It has cash and short-term investments of NT$553.7M.
Key information
27.8%
Debt to equity ratio
NT$550.90m
Debt
Interest coverage ratio | -123.3x |
Cash | NT$553.74m |
Equity | NT$1.98b |
Total liabilities | NT$1.28b |
Total assets | NT$3.26b |
Recent financial health updates
Is Taiwan AriesLtd (GTSM:6171) Using Debt In A Risky Way?
Mar 22Is Taiwan AriesLtd (GTSM:6171) Using Debt In A Risky Way?
Dec 03Recent updates
The Trend Of High Returns At Taiwan AriesLtd (GTSM:6171) Has Us Very Interested
Apr 12Is Taiwan AriesLtd (GTSM:6171) Using Debt In A Risky Way?
Mar 22Taiwan AriesLtd (GTSM:6171) Has Gifted Shareholders With A Fantastic 146% Total Return On Their Investment
Feb 15Is Taiwan Aries Co.,Ltd. (GTSM:6171) A Good Dividend Stock?
Jan 11Is Taiwan AriesLtd (GTSM:6171) Using Debt In A Risky Way?
Dec 03Financial Position Analysis
Short Term Liabilities: 6171's short term assets (NT$3.2B) exceed its short term liabilities (NT$1.3B).
Long Term Liabilities: 6171 has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: 6171 has more cash than its total debt.
Reducing Debt: 6171's debt to equity ratio has increased from 23.9% to 27.8% over the past 5 years.
Debt Coverage: 6171's debt is well covered by operating cash flow (72.1%).
Interest Coverage: 6171 earns more interest than it pays, so coverage of interest payments is not a concern.