Associated Industries China Balance Sheet Health

Financial Health criteria checks 4/6

Associated Industries China has a total shareholder equity of NT$408.6M and total debt of NT$191.7M, which brings its debt-to-equity ratio to 46.9%. Its total assets and total liabilities are NT$720.5M and NT$311.9M respectively.

Key information

46.9%

Debt to equity ratio

NT$191.69m

Debt

Interest coverage ratio	n/a
Cash	NT$112.67m
Equity	NT$408.60m
Total liabilities	NT$311.92m
Total assets	NT$720.52m

Recent financial health updates

We Think Associated Industries China (TPE:9912) Has A Fair Chunk Of Debt

Apr 06

Would Associated Industries China (TPE:9912) Be Better Off With Less Debt?

Dec 18

Recent updates

We Think Associated Industries China (TPE:9912) Has A Fair Chunk Of Debt

Apr 06

Would Associated Industries China (TPE:9912) Be Better Off With Less Debt?

Dec 18

Financial Position Analysis

Short Term Liabilities: 9912's short term assets (NT$400.6M) exceed its short term liabilities (NT$308.4M).

Long Term Liabilities: 9912's short term assets (NT$400.6M) exceed its long term liabilities (NT$3.6M).

Debt to Equity History and Analysis

Debt Level: 9912's net debt to equity ratio (19.3%) is considered satisfactory.

Reducing Debt: 9912's debt to equity ratio has increased from 20.1% to 46.9% over the past 5 years.

Debt Coverage: 9912's debt is well covered by operating cash flow (35.6%).

Interest Coverage: Insufficient data to determine if 9912's interest payments on its debt are well covered by EBIT.

Associated Industries China Balance Sheet Health

Financial Health criteria checks 4/6

Key information

Recent financial health updates

We Think Associated Industries China (TPE:9912) Has A Fair Chunk Of Debt

Would Associated Industries China (TPE:9912) Be Better Off With Less Debt?

Recent updates

New minor risk - Shareholder dilution

Full year 2023 earnings released: NT$0.59 loss per share (vs NT$0.27 loss in FY 2022)

Associated Industries China, Inc., Annual General Meeting, Jun 20, 2024

New minor risk - Share price stability

Second quarter 2023 earnings released: NT$0.15 loss per share (vs NT$0.048 loss in 2Q 2022)

Full year 2022 earnings released: NT$0.27 loss per share (vs NT$0.37 profit in FY 2021)

Third quarter 2022 earnings released: EPS: NT$0.02 (vs NT$0.007 in 3Q 2021)

Less than half of directors are independent

Investor sentiment deteriorated over the past week

Second quarter 2022 earnings released: NT$0.05 loss per share (vs NT$0.20 profit in 2Q 2021)

Investor sentiment improved over the past week

First quarter 2022 earnings released: NT$0.06 loss per share (vs NT$0.078 loss in 1Q 2021)

Less than half of directors are independent

Full year 2021 earnings released: EPS: NT$0.37 (vs NT$0.77 loss in FY 2020)

Associated Industries China, Inc., Annual General Meeting, Jun 22, 2022

Third quarter 2021 earnings released: EPS NT$0.01 (vs NT$0.015 in 3Q 2020)

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Second quarter 2021 earnings released: EPS NT$0.21 (vs NT$0.28 loss in 2Q 2020)

Chairman Yu Yun has left the company

First quarter 2021 earnings released: NT$0.08 loss per share (vs NT$0.24 loss in 1Q 2020)

We Think Associated Industries China (TPE:9912) Has A Fair Chunk Of Debt

Full year 2020 earnings released: NT$0.77 loss per share (vs NT$2.20 loss in FY 2019)

Associated Industries China, Inc., Annual General Meeting, Jun 18, 2021

New 90-day high: NT$10.70

New 90-day high: NT$8.33

Would Associated Industries China (TPE:9912) Be Better Off With Less Debt?

Third quarter 2020 earnings released: EPS NT$0.02

New 90-day high: NT$7.28

First half earnings released

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

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