Rich Circle Development Balance Sheet Health
Financial Health criteria checks 4/6
Rich Circle Development has a total shareholder equity of NT$747.7M and total debt of NT$389.6M, which brings its debt-to-equity ratio to 52.1%. Its total assets and total liabilities are NT$1.2B and NT$458.1M respectively. Rich Circle Development's EBIT is NT$77.4M making its interest coverage ratio -270.5. It has cash and short-term investments of NT$160.0M.
Key information
52.1%
Debt to equity ratio
NT$389.63m
Debt
| Interest coverage ratio | -270.5x |
| Cash | NT$159.97m |
| Equity | NT$747.73m |
| Total liabilities | NT$458.11m |
| Total assets | NT$1.21b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 6198's short term assets (NT$1.1B) exceed its short term liabilities (NT$181.5M).
Long Term Liabilities: 6198's short term assets (NT$1.1B) exceed its long term liabilities (NT$276.6M).
Debt to Equity History and Analysis
Debt Level: 6198's net debt to equity ratio (30.7%) is considered satisfactory.
Reducing Debt: 6198's debt to equity ratio has increased from 0% to 52.1% over the past 5 years.
Debt Coverage: 6198's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 6198 earns more interest than it pays, so coverage of interest payments is not a concern.