Test-Rite International Balance Sheet Health
Financial Health criteria checks 1/6
Test-Rite International has a total shareholder equity of NT$6.8B and total debt of NT$12.2B, which brings its debt-to-equity ratio to 179.1%. Its total assets and total liabilities are NT$36.6B and NT$29.8B respectively. Test-Rite International's EBIT is NT$470.2M making its interest coverage ratio 0.9. It has cash and short-term investments of NT$1.9B.
Key information
179.1%
Debt to equity ratio
NT$12.17b
Debt
| Interest coverage ratio | 0.9x |
| Cash | NT$1.92b |
| Equity | NT$6.79b |
| Total liabilities | NT$29.80b |
| Total assets | NT$36.59b |
Recent financial health updates
Recent updates
Test-Rite International Co., Ltd. (TPE:2908) Is Yielding 4.1% - But Is It A Buy?
Apr 25
Slowing Rates Of Return At Test-Rite International (TPE:2908) Leave Little Room For Excitement
Apr 04Introducing Test-Rite International (TPE:2908), A Stock That Climbed 38% In The Last Year
Mar 13Is Test-Rite International Co., Ltd.'s (TPE:2908) ROE Of 12% Impressive?
Feb 20Is Test-Rite International (TPE:2908) Using Too Much Debt?
Feb 02Is Test-Rite International Co., Ltd. (TPE:2908) A Great Dividend Stock?
Jan 15
The Trends At Test-Rite International (TPE:2908) That You Should Know About
Dec 29Did You Participate In Any Of Test-Rite International's (TPE:2908) Respectable 72% Return?
Dec 11Here's Why We Think Test-Rite International's (TPE:2908) Statutory Earnings Might Be Conservative
Nov 24Financial Position Analysis
Short Term Liabilities: 2908's short term assets (NT$15.8B) exceed its short term liabilities (NT$13.2B).
Long Term Liabilities: 2908's short term assets (NT$15.8B) do not cover its long term liabilities (NT$16.6B).
Debt to Equity History and Analysis
Debt Level: 2908's net debt to equity ratio (150.9%) is considered high.
Reducing Debt: 2908's debt to equity ratio has increased from 127% to 179.1% over the past 5 years.
Debt Coverage: 2908's debt is not well covered by operating cash flow (17.5%).
Interest Coverage: 2908's interest payments on its debt are not well covered by EBIT (0.9x coverage).