Golden Long Teng Development Balance Sheet Health
Financial Health criteria checks 4/6
Golden Long Teng Development has a total shareholder equity of NT$2.7B and total debt of NT$3.3B, which brings its debt-to-equity ratio to 124.1%. Its total assets and total liabilities are NT$6.9B and NT$4.2B respectively. Golden Long Teng Development's EBIT is NT$503.5M making its interest coverage ratio 173.4. It has cash and short-term investments of NT$176.8M.
Key information
124.1%
Debt to equity ratio
NT$3.32b
Debt
| Interest coverage ratio | 173.4x |
| Cash | NT$176.82m |
| Equity | NT$2.67b |
| Total liabilities | NT$4.21b |
| Total assets | NT$6.88b |
Recent financial health updates
These 4 Measures Indicate That Golden Long Teng Development (GTSM:3188) Is Using Debt In A Risky Way
Apr 06
Golden Long Teng Development (GTSM:3188) Use Of Debt Could Be Considered Risky
Dec 02
Recent updates
Golden Long Teng Development (GTSM:3188) Might Have The Makings Of A Multi-Bagger
Apr 23These 4 Measures Indicate That Golden Long Teng Development (GTSM:3188) Is Using Debt In A Risky Way
Apr 06Are Dividend Investors Making A Mistake With Golden Long Teng Development Co., Ltd. (GTSM:3188)?
Mar 19Golden Long Teng Development (GTSM:3188) Share Prices Have Dropped 30% In The Last Three Years
Mar 01Can Golden Long Teng Development Co., Ltd. (GTSM:3188) Improve Its Returns?
Feb 03Are Golden Long Teng Development's (GTSM:3188) Statutory Earnings A Good Reflection Of Its Earnings Potential?
Jan 13Does Golden Long Teng Development (GTSM:3188) Have The Makings Of A Multi-Bagger?
Dec 23Golden Long Teng Development (GTSM:3188) Use Of Debt Could Be Considered Risky
Dec 02Financial Position Analysis
Short Term Liabilities: 3188's short term assets (NT$6.9B) exceed its short term liabilities (NT$2.8B).
Long Term Liabilities: 3188's short term assets (NT$6.9B) exceed its long term liabilities (NT$1.4B).
Debt to Equity History and Analysis
Debt Level: 3188's net debt to equity ratio (117.5%) is considered high.
Reducing Debt: 3188's debt to equity ratio has reduced from 253.9% to 124.1% over the past 5 years.
Debt Coverage: 3188's debt is not well covered by operating cash flow (10.2%).
Interest Coverage: 3188's interest payments on its debt are well covered by EBIT (173.4x coverage).