Tai Shing Electronics Components Balance Sheet Health
Financial Health criteria checks 5/6
Tai Shing Electronics Components has a total shareholder equity of NT$682.9M and total debt of NT$20.0M, which brings its debt-to-equity ratio to 2.9%. Its total assets and total liabilities are NT$991.3M and NT$308.4M respectively. Tai Shing Electronics Components's EBIT is NT$53.0M making its interest coverage ratio -3.5. It has cash and short-term investments of NT$525.4M.
Key information
2.9%
Debt to equity ratio
NT$20.00m
Debt
| Interest coverage ratio | -3.5x |
| Cash | NT$525.42m |
| Equity | NT$682.88m |
| Total liabilities | NT$308.38m |
| Total assets | NT$991.26m |
Recent financial health updates
Is Tai Shing Electronics Components (GTSM:3426) Using Too Much Debt?
Feb 25
Is Tai Shing Electronics Components (GTSM:3426) Using Too Much Debt?
Nov 24Recent updates
Does It Make Sense To Buy Tai Shing Electronics Components Corporation (GTSM:3426) For Its Yield?
Apr 20Tai Shing Electronics Components (GTSM:3426) May Have Issues Allocating Its Capital
Mar 30Is Tai Shing Electronics Components (GTSM:3426) Using Too Much Debt?
Feb 25Are Poor Financial Prospects Dragging Down Tai Shing Electronics Components Corporation (GTSM:3426 Stock?
Feb 04How Does Tai Shing Electronics Components Corporation (GTSM:3426) Fare As A Dividend Stock?
Jan 17The Trends At Tai Shing Electronics Components (GTSM:3426) That You Should Know About
Dec 30We Wouldn't Rely On Tai Shing Electronics Components's (GTSM:3426) Statutory Earnings As A Guide
Dec 12
Is Tai Shing Electronics Components (GTSM:3426) Using Too Much Debt?
Nov 24Financial Position Analysis
Short Term Liabilities: 3426's short term assets (NT$781.4M) exceed its short term liabilities (NT$188.7M).
Long Term Liabilities: 3426's short term assets (NT$781.4M) exceed its long term liabilities (NT$119.7M).
Debt to Equity History and Analysis
Debt Level: 3426 has more cash than its total debt.
Reducing Debt: 3426's debt to equity ratio has increased from 0% to 2.9% over the past 5 years.
Debt Coverage: 3426's debt is well covered by operating cash flow (424.3%).
Interest Coverage: 3426 earns more interest than it pays, so coverage of interest payments is not a concern.