ShinHsiung Natural Gas Balance Sheet Health
Financial Health criteria checks 5/6
ShinHsiung Natural Gas has a total shareholder equity of NT$4.1B and total debt of NT$2.2B, which brings its debt-to-equity ratio to 53.6%. Its total assets and total liabilities are NT$9.9B and NT$5.7B respectively. ShinHsiung Natural Gas's EBIT is NT$694.7M making its interest coverage ratio 38.8. It has cash and short-term investments of NT$1.1B.
Key information
53.6%
Debt to equity ratio
NT$2.22b
Debt
| Interest coverage ratio | 38.8x |
| Cash | NT$1.13b |
| Equity | NT$4.14b |
| Total liabilities | NT$5.73b |
| Total assets | NT$9.87b |
Recent financial health updates
Is ShinHsiung Natural Gas (GTSM:8908) A Risky Investment?
Feb 25
Is ShinHsiung Natural Gas (GTSM:8908) A Risky Investment?
Nov 18
Recent updates
ShinHsiung Natural Gas' (GTSM:8908) Anemic Earnings Might Be Worse Than You Think
Apr 07Should You Or Shouldn't You: A Dividend Analysis on ShinHsiung Natural Gas Inc. (GTSM:8908)
Apr 02Is ShinHsiung Natural Gas (GTSM:8908) A Risky Investment?
Feb 25Returns On Capital At ShinHsiung Natural Gas (GTSM:8908) Paint An Interesting Picture
Jan 22ShinHsiung Natural Gas (GTSM:8908) Has Gifted Shareholders With A Fantastic 149% Total Return On Their Investment
Dec 17Is ShinHsiung Natural Gas (GTSM:8908) A Risky Investment?
Nov 18Financial Position Analysis
Short Term Liabilities: 8908's short term assets (NT$4.2B) exceed its short term liabilities (NT$3.8B).
Long Term Liabilities: 8908's short term assets (NT$4.2B) exceed its long term liabilities (NT$1.9B).
Debt to Equity History and Analysis
Debt Level: 8908's net debt to equity ratio (26.4%) is considered satisfactory.
Reducing Debt: 8908's debt to equity ratio has increased from 35% to 53.6% over the past 5 years.
Debt Coverage: 8908's debt is well covered by operating cash flow (35.2%).
Interest Coverage: 8908's interest payments on its debt are well covered by EBIT (38.8x coverage).