Li Ming Development Construction Balance Sheet Health
Financial Health criteria checks 3/6
Li Ming Development Construction has a total shareholder equity of NT$2.8B and total debt of NT$10.1B, which brings its debt-to-equity ratio to 356.6%. Its total assets and total liabilities are NT$16.4B and NT$13.5B respectively. Li Ming Development Construction's EBIT is NT$216.2M making its interest coverage ratio 30.6. It has cash and short-term investments of NT$483.2M.
Key information
356.6%
Debt to equity ratio
NT$10.13b
Debt
| Interest coverage ratio | 30.6x |
| Cash | NT$483.18m |
| Equity | NT$2.84b |
| Total liabilities | NT$13.55b |
| Total assets | NT$16.39b |
Recent financial health updates
Recent updates
Li Ming Development Construction Co., Ltd. (GTSM:6212) Delivered A Weaker ROE Than Its Industry
Mar 17
We're Not So Sure You Should Rely on Li Ming Development Construction's (GTSM:6212) Statutory Earnings
Feb 08Did You Participate In Any Of Li Ming Development Construction's (GTSM:6212) Fantastic 173% Return ?
Jan 11
Is Li Ming Development Construction (GTSM:6212) A Risky Investment?
Dec 14Should We Be Cautious About Li Ming Development Construction Co., Ltd.'s (GTSM:6212) ROE Of 4.8%?
Nov 23Financial Position Analysis
Short Term Liabilities: 6212's short term assets (NT$16.4B) exceed its short term liabilities (NT$13.5B).
Long Term Liabilities: 6212's short term assets (NT$16.4B) exceed its long term liabilities (NT$2.9M).
Debt to Equity History and Analysis
Debt Level: 6212's net debt to equity ratio (339.6%) is considered high.
Reducing Debt: 6212's debt to equity ratio has increased from 0% to 356.6% over the past 5 years.
Debt Coverage: 6212's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 6212's interest payments on its debt are well covered by EBIT (30.6x coverage).