Test-Rite International Co., Ltd.

TWSE:2908 Stock Report

Market Cap: NT$10.3b

Test-Rite International Balance Sheet Health

Financial Health criteria checks 3/6

Test-Rite International has a total shareholder equity of NT$7.4B and total debt of NT$12.7B, which brings its debt-to-equity ratio to 171.7%. Its total assets and total liabilities are NT$38.0B and NT$30.6B respectively. Test-Rite International's EBIT is NT$673.2M making its interest coverage ratio 1.3. It has cash and short-term investments of NT$2.7B.

Key information

171.7%

Debt to equity ratio

NT$12.67b

Debt

Interest coverage ratio1.3x
CashNT$2.67b
EquityNT$7.38b
Total liabilitiesNT$30.65b
Total assetsNT$38.03b

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$14.1B).

Long Term Liabilities: 2908's short term assets (NT$17.9B) exceed its long term liabilities (NT$16.5B).

Debt to Equity History and Analysis

Debt Level: 2908's net debt to equity ratio (135.6%) is considered high.

Reducing Debt: 2908's debt to equity ratio has increased from 157.4% to 171.7% over the past 5 years.

Debt Coverage: 2908's debt is well covered by operating cash flow (24.4%).

Interest Coverage: 2908's interest payments on its debt are not well covered by EBIT (1.3x coverage).

Balance Sheet

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