Chi Cheng Enterprise Balance Sheet Health
Financial Health criteria checks 1/6
Chi Cheng Enterprise has a total shareholder equity of NT$137.3M and total debt of NT$530.8M, which brings its debt-to-equity ratio to 386.7%. Its total assets and total liabilities are NT$874.3M and NT$737.0M respectively. Chi Cheng Enterprise's EBIT is NT$39.8M making its interest coverage ratio 2.2. It has cash and short-term investments of NT$89.5M.
Key information
386.7%
Debt to equity ratio
NT$530.75m
Debt
| Interest coverage ratio | 2.2x |
| Cash | NT$89.45m |
| Equity | NT$137.27m |
| Total liabilities | NT$737.01m |
| Total assets | NT$874.28m |
Financial Position Analysis
Short Term Liabilities: 3095's short term assets (NT$324.7M) exceed its short term liabilities (NT$217.3M).
Long Term Liabilities: 3095's short term assets (NT$324.7M) do not cover its long term liabilities (NT$519.7M).
Debt to Equity History and Analysis
Debt Level: 3095's net debt to equity ratio (321.5%) is considered high.
Reducing Debt: 3095's debt to equity ratio has increased from 288.2% to 386.7% over the past 5 years.
Debt Coverage: 3095's debt is not well covered by operating cash flow (3.8%).
Interest Coverage: 3095's interest payments on its debt are not well covered by EBIT (2.2x coverage).