Sino Horizon Holdings Limited

TWSE:2923 Stock Report

Market Cap: NT$42.5b

Sino Horizon Holdings Balance Sheet Health

Financial Health criteria checks 3/6

Sino Horizon Holdings has a total shareholder equity of NT$52.1B and total debt of NT$60.5B, which brings its debt-to-equity ratio to 116%. Its total assets and total liabilities are NT$134.7B and NT$82.5B respectively. Sino Horizon Holdings's EBIT is NT$6.4B making its interest coverage ratio 4.5. It has cash and short-term investments of NT$16.9B.

Key information

116.0%

Debt to equity ratio

NT$60.48b

Debt

Interest coverage ratio4.5x
CashNT$16.90b
EquityNT$52.12b
Total liabilitiesNT$82.55b
Total assetsNT$134.67b

Recent financial health updates

Sino Horizon Holdings (TWSE:2923) Has A Somewhat Strained Balance Sheet

Dec 27
Sino Horizon Holdings (TWSE:2923) Has A Somewhat Strained Balance Sheet

These 4 Measures Indicate That Sino Horizon Holdings (TPE:2923) Is Using Debt Extensively

Apr 06
These 4 Measures Indicate That Sino Horizon Holdings (TPE:2923) Is Using Debt Extensively

We Think Sino Horizon Holdings (TPE:2923) Is Taking Some Risk With Its Debt

Dec 17
We Think Sino Horizon Holdings (TPE:2923) Is Taking Some Risk With Its Debt

Recent updates

Sino Horizon Holdings (TWSE:2923) Has A Somewhat Strained Balance Sheet

Dec 27
Sino Horizon Holdings (TWSE:2923) Has A Somewhat Strained Balance Sheet

Statutory Profit Doesn't Reflect How Good Sino Horizon Holdings' (TWSE:2923) Earnings Are

Nov 21
Statutory Profit Doesn't Reflect How Good Sino Horizon Holdings' (TWSE:2923) Earnings Are

Sino Horizon Holdings Limited's (TWSE:2923) Share Price Not Quite Adding Up

Sep 20
Sino Horizon Holdings Limited's (TWSE:2923) Share Price Not Quite Adding Up

There's Reason For Concern Over Sino Horizon Holdings Limited's (TWSE:2923) Massive 39% Price Jump

May 21
There's Reason For Concern Over Sino Horizon Holdings Limited's (TWSE:2923) Massive 39% Price Jump

Some Shareholders Feeling Restless Over Sino Horizon Holdings Limited's (TWSE:2923) P/S Ratio

Mar 12
Some Shareholders Feeling Restless Over Sino Horizon Holdings Limited's (TWSE:2923) P/S Ratio

These 4 Measures Indicate That Sino Horizon Holdings (TPE:2923) Is Using Debt Extensively

Apr 06
These 4 Measures Indicate That Sino Horizon Holdings (TPE:2923) Is Using Debt Extensively

Sino Horizon Holdings Limited's (TPE:2923) 36% Price Boost Is Out Of Tune With Earnings

Mar 16
Sino Horizon Holdings Limited's (TPE:2923) 36% Price Boost Is Out Of Tune With Earnings

Shareholders Of Sino Horizon Holdings (TPE:2923) Must Be Happy With Their 88% Return

Jan 21
Shareholders Of Sino Horizon Holdings (TPE:2923) Must Be Happy With Their 88% Return

We Think Sino Horizon Holdings (TPE:2923) Is Taking Some Risk With Its Debt

Dec 17
We Think Sino Horizon Holdings (TPE:2923) Is Taking Some Risk With Its Debt

Financial Position Analysis

Short Term Liabilities: 2923's short term assets (NT$75.3B) exceed its short term liabilities (NT$22.2B).

Long Term Liabilities: 2923's short term assets (NT$75.3B) exceed its long term liabilities (NT$60.3B).

Debt to Equity History and Analysis

Debt Level: 2923's net debt to equity ratio (83.6%) is considered high.

Reducing Debt: 2923's debt to equity ratio has increased from 81.4% to 116% over the past 5 years.

Debt Coverage: 2923's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 2923's interest payments on its debt are well covered by EBIT (4.5x coverage).

Balance Sheet

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/30 17:54
End of Day Share Price 2025/01/22 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Sino Horizon Holdings Limited is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Li-chun ChangJih Sun Securities Investment Consulting Co., Ltd.