Zhen Yu Hardware Balance Sheet Health
Financial Health criteria checks 3/6
Zhen Yu Hardware has a total shareholder equity of NT$735.6M and total debt of NT$505.6M, which brings its debt-to-equity ratio to 68.7%. Its total assets and total liabilities are NT$3.0B and NT$2.3B respectively. Zhen Yu Hardware's EBIT is NT$69.1M making its interest coverage ratio 2.7. It has cash and short-term investments of NT$242.4M.
Key information
68.7%
Debt to equity ratio
NT$505.62m
Debt
| Interest coverage ratio | 2.7x |
| Cash | NT$242.45m |
| Equity | NT$735.63m |
| Total liabilities | NT$2.26b |
| Total assets | NT$2.99b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 2947's short term assets (NT$803.9M) exceed its short term liabilities (NT$789.6M).
Long Term Liabilities: 2947's short term assets (NT$803.9M) do not cover its long term liabilities (NT$1.5B).
Debt to Equity History and Analysis
Debt Level: 2947's net debt to equity ratio (35.8%) is considered satisfactory.
Reducing Debt: 2947's debt to equity ratio has increased from 66.2% to 68.7% over the past 5 years.
Debt Coverage: 2947's debt is well covered by operating cash flow (40.2%).
Interest Coverage: 2947's interest payments on its debt are not well covered by EBIT (2.7x coverage).