Sino Horizon Holdings Balance Sheet Health
Financial Health criteria checks 3/6
Sino Horizon Holdings has a total shareholder equity of NT$49.9B and total debt of NT$48.3B, which brings its debt-to-equity ratio to 96.8%. Its total assets and total liabilities are NT$121.1B and NT$71.2B respectively. Sino Horizon Holdings's EBIT is NT$5.9B making its interest coverage ratio 5.7. It has cash and short-term investments of NT$9.8B.
Key information
96.8%
Debt to equity ratio
NT$48.30b
Debt
| Interest coverage ratio | 5.7x |
| Cash | NT$9.76b |
| Equity | NT$49.89b |
| Total liabilities | NT$71.20b |
| Total assets | NT$121.09b |
Recent financial health updates
These 4 Measures Indicate That Sino Horizon Holdings (TPE:2923) Is Using Debt Extensively
Apr 06
We Think Sino Horizon Holdings (TPE:2923) Is Taking Some Risk With Its Debt
Dec 17
Recent updates
Some Shareholders Feeling Restless Over Sino Horizon Holdings Limited's (TWSE:2923) P/S Ratio
Mar 12These 4 Measures Indicate That Sino Horizon Holdings (TPE:2923) Is Using Debt Extensively
Apr 06Sino Horizon Holdings Limited's (TPE:2923) 36% Price Boost Is Out Of Tune With Earnings
Mar 16Shareholders Of Sino Horizon Holdings (TPE:2923) Must Be Happy With Their 88% Return
Jan 21We Think Sino Horizon Holdings (TPE:2923) Is Taking Some Risk With Its Debt
Dec 17Financial Position Analysis
Short Term Liabilities: 2923's short term assets (NT$64.9B) exceed its short term liabilities (NT$23.8B).
Long Term Liabilities: 2923's short term assets (NT$64.9B) exceed its long term liabilities (NT$47.4B).
Debt to Equity History and Analysis
Debt Level: 2923's net debt to equity ratio (77.2%) is considered high.
Reducing Debt: 2923's debt to equity ratio has increased from 75.3% to 96.8% over the past 5 years.
Debt Coverage: 2923's debt is not well covered by operating cash flow (0.7%).
Interest Coverage: 2923's interest payments on its debt are well covered by EBIT (5.7x coverage).