Test-Rite International Co., Ltd.

TWSE:2908 Stock Report

Market Cap: NT$10.2b

Test-Rite International Balance Sheet Health

Financial Health criteria checks 2/6

Test-Rite International has a total shareholder equity of NT$7.4B and total debt of NT$13.2B, which brings its debt-to-equity ratio to 178.1%. Its total assets and total liabilities are NT$37.4B and NT$30.0B respectively. Test-Rite International's EBIT is NT$672.5M making its interest coverage ratio 1.2. It has cash and short-term investments of NT$2.8B.

Key information

178.1%

Debt to equity ratio

NT$13.18b

Debt

Interest coverage ratio1.2x
CashNT$2.81b
EquityNT$7.40b
Total liabilitiesNT$30.02b
Total assetsNT$37.42b

Recent financial health updates

Is Test-Rite International (TPE:2908) Using Too Much Debt?

Feb 02
Is Test-Rite International (TPE:2908) Using Too Much Debt?

Recent updates

Test-Rite International (TWSE:2908) Has Announced That Its Dividend Will Be Reduced To NT$0.5832

May 31
Test-Rite International (TWSE:2908) Has Announced That Its Dividend Will Be Reduced To NT$0.5832

Test-Rite International's (TWSE:2908) Weak Earnings May Only Reveal A Part Of The Whole Picture

May 22
Test-Rite International's (TWSE:2908) Weak Earnings May Only Reveal A Part Of The Whole Picture

Test-Rite International Co., Ltd. (TPE:2908) Is Yielding 4.1% - But Is It A Buy?

Apr 25
Test-Rite International Co., Ltd. (TPE:2908) Is Yielding 4.1% - But Is It A Buy?

Slowing Rates Of Return At Test-Rite International (TPE:2908) Leave Little Room For Excitement

Apr 04
Slowing Rates Of Return At Test-Rite International (TPE:2908) Leave Little Room For Excitement

Introducing Test-Rite International (TPE:2908), A Stock That Climbed 38% In The Last Year

Mar 13
Introducing Test-Rite International (TPE:2908), A Stock That Climbed 38% In The Last Year

Is Test-Rite International Co., Ltd.'s (TPE:2908) ROE Of 12% Impressive?

Feb 20
Is Test-Rite International Co., Ltd.'s (TPE:2908) ROE Of 12% Impressive?

Is Test-Rite International (TPE:2908) Using Too Much Debt?

Feb 02
Is Test-Rite International (TPE:2908) Using Too Much Debt?

Is Test-Rite International Co., Ltd. (TPE:2908) A Great Dividend Stock?

Jan 15
Is Test-Rite International Co., Ltd. (TPE:2908) A Great Dividend Stock?

The Trends At Test-Rite International (TPE:2908) That You Should Know About

Dec 29
The Trends At Test-Rite International (TPE:2908) That You Should Know About

Did You Participate In Any Of Test-Rite International's (TPE:2908) Respectable 72% Return?

Dec 11
Did You Participate In Any Of Test-Rite International's (TPE:2908) Respectable 72% Return?

Here's Why We Think Test-Rite International's (TPE:2908) Statutory Earnings Might Be Conservative

Nov 24
Here's Why We Think Test-Rite International's (TPE:2908) Statutory Earnings Might Be Conservative

Financial Position Analysis

Short Term Liabilities: 2908's short term assets (NT$17.9B) exceed its short term liabilities (NT$13.1B).

Long Term Liabilities: 2908's short term assets (NT$17.9B) exceed its long term liabilities (NT$16.9B).

Debt to Equity History and Analysis

Debt Level: 2908's net debt to equity ratio (140.1%) is considered high.

Reducing Debt: 2908's debt to equity ratio has increased from 167.2% to 178.1% over the past 5 years.

Debt Coverage: 2908's debt is not well covered by operating cash flow (15%).

Interest Coverage: 2908's interest payments on its debt are not well covered by EBIT (1.2x coverage).

Balance Sheet

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/19 17:17
End of Day Share Price 2024/12/19 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

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

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

Test-Rite International Co., Ltd. is covered by 5 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
Meijun YehCapital Securities Corporation
Titan HorngIBTS Investment Consulting Co., Ltd.
Youyu ChenJih Sun Securities Investment Consulting Co., Ltd.