HD Renewable Energy Balance Sheet Health
Financial Health criteria checks 4/6
HD Renewable Energy has a total shareholder equity of NT$5.9B and total debt of NT$4.5B, which brings its debt-to-equity ratio to 76.1%. Its total assets and total liabilities are NT$13.1B and NT$7.2B respectively. HD Renewable Energy's EBIT is NT$988.5M making its interest coverage ratio 142. It has cash and short-term investments of NT$4.0B.
Key information
76.1%
Debt to equity ratio
NT$4.45b
Debt
| Interest coverage ratio | 142x |
| Cash | NT$3.99b |
| Equity | NT$5.85b |
| Total liabilities | NT$7.23b |
| Total assets | NT$13.08b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 6873's short term assets (NT$9.8B) exceed its short term liabilities (NT$4.2B).
Long Term Liabilities: 6873's short term assets (NT$9.8B) exceed its long term liabilities (NT$3.0B).
Debt to Equity History and Analysis
Debt Level: 6873's net debt to equity ratio (8%) is considered satisfactory.
Reducing Debt: 6873's debt to equity ratio has increased from 35.3% to 76.1% over the past 5 years.
Debt Coverage: 6873's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 6873's interest payments on its debt are well covered by EBIT (142x coverage).