Twinhead International Balance Sheet Health
Financial Health criteria checks 4/6
Twinhead International has a total shareholder equity of NT$458.5M and total debt of NT$552.0M, which brings its debt-to-equity ratio to 120.4%. Its total assets and total liabilities are NT$1.4B and NT$898.8M respectively. Twinhead International's EBIT is NT$66.3M making its interest coverage ratio 15.2. It has cash and short-term investments of NT$366.7M.
Key information
120.4%
Debt to equity ratio
NT$552.00m
Debt
| Interest coverage ratio | 15.2x |
| Cash | NT$366.65m |
| Equity | NT$458.49m |
| Total liabilities | NT$898.84m |
| Total assets | NT$1.36b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 2364's short term assets (NT$744.1M) do not cover its short term liabilities (NT$824.2M).
Long Term Liabilities: 2364's short term assets (NT$744.1M) exceed its long term liabilities (NT$74.7M).
Debt to Equity History and Analysis
Debt Level: 2364's net debt to equity ratio (40.4%) is considered high.
Reducing Debt: 2364's debt to equity ratio has reduced from 187.8% to 120.4% over the past 5 years.
Debt Coverage: 2364's debt is well covered by operating cash flow (27.2%).
Interest Coverage: 2364's interest payments on its debt are well covered by EBIT (15.2x coverage).