Weikeng Industrial Balance Sheet Health
Financial Health criteria checks 2/6
Weikeng Industrial has a total shareholder equity of NT$9.4B and total debt of NT$19.1B, which brings its debt-to-equity ratio to 204.2%. Its total assets and total liabilities are NT$38.7B and NT$29.4B respectively. Weikeng Industrial's EBIT is NT$2.3B making its interest coverage ratio 2.3. It has cash and short-term investments of NT$1.5B.
Key information
204.2%
Debt to equity ratio
NT$19.14b
Debt
| Interest coverage ratio | 2.3x |
| Cash | NT$1.50b |
| Equity | NT$9.37b |
| Total liabilities | NT$29.37b |
| Total assets | NT$38.74b |
Recent financial health updates
Is Weikeng Industrial (TWSE:3033) A Risky Investment?
May 07
Weikeng Industrial (TPE:3033) Takes On Some Risk With Its Use Of Debt
Jan 19Recent updates
Is Weikeng Industrial (TWSE:3033) A Risky Investment?
May 07Read This Before Buying Weikeng Industrial Co., Ltd. (TPE:3033) For Its Dividend
Apr 13Returns On Capital At Weikeng Industrial (TPE:3033) Have Stalled
Mar 26Weikeng Industrial Co., Ltd. (TPE:3033) Has A ROE Of 9.5%
Mar 08Weikeng Industrial (TPE:3033) Shareholders Booked A 13% Gain In The Last Year
Feb 18Weikeng Industrial (TPE:3033) Takes On Some Risk With Its Use Of Debt
Jan 19Read This Before Buying Weikeng Industrial Co., Ltd. (TPE:3033) For Its Dividend
Jan 01Is Weikeng Industrial (TPE:3033) Likely To Turn Things Around?
Dec 14Does Weikeng Industrial Co., Ltd. (TPE:3033) Create Value For Shareholders?
Nov 26
Financial Position Analysis
Short Term Liabilities: 3033's short term assets (NT$38.1B) exceed its short term liabilities (NT$28.3B).
Long Term Liabilities: 3033's short term assets (NT$38.1B) exceed its long term liabilities (NT$1.0B).
Debt to Equity History and Analysis
Debt Level: 3033's net debt to equity ratio (188.3%) is considered high.
Reducing Debt: 3033's debt to equity ratio has increased from 193.3% to 204.2% over the past 5 years.
Debt Coverage: 3033's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 3033's interest payments on its debt are not well covered by EBIT (2.3x coverage).