Sincere Security Balance Sheet Health
Financial Health criteria checks 6/6
Sincere Security has a total shareholder equity of NT$581.9M and total debt of NT$126.6M, which brings its debt-to-equity ratio to 21.8%. Its total assets and total liabilities are NT$1.1B and NT$559.7M respectively. Sincere Security's EBIT is NT$71.5M making its interest coverage ratio -94. It has cash and short-term investments of NT$389.2M.
Key information
21.8%
Debt to equity ratio
NT$126.58m
Debt
| Interest coverage ratio | -94x |
| Cash | NT$389.19m |
| Equity | NT$581.92m |
| Total liabilities | NT$559.68m |
| Total assets | NT$1.14b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 6721's short term assets (NT$985.5M) exceed its short term liabilities (NT$515.6M).
Long Term Liabilities: 6721's short term assets (NT$985.5M) exceed its long term liabilities (NT$44.1M).
Debt to Equity History and Analysis
Debt Level: 6721 has more cash than its total debt.
Reducing Debt: 6721's debt to equity ratio has reduced from 30.5% to 21.8% over the past 5 years.
Debt Coverage: 6721's debt is well covered by operating cash flow (76.3%).
Interest Coverage: 6721 earns more interest than it pays, so coverage of interest payments is not a concern.