Hsin Kao GasLtd Balance Sheet Health
Financial Health criteria checks 4/6
Hsin Kao GasLtd has a total shareholder equity of NT$2.7B and total debt of NT$664.7M, which brings its debt-to-equity ratio to 24.7%. Its total assets and total liabilities are NT$6.1B and NT$3.4B respectively. Hsin Kao GasLtd's EBIT is NT$170.6M making its interest coverage ratio -7.2. It has cash and short-term investments of NT$1.0B.
Key information
24.7%
Debt to equity ratio
NT$664.75m
Debt
| Interest coverage ratio | -7.2x |
| Cash | NT$1.02b |
| Equity | NT$2.69b |
| Total liabilities | NT$3.41b |
| Total assets | NT$6.10b |
Financial Position Analysis
Short Term Liabilities: 9931's short term assets (NT$2.0B) do not cover its short term liabilities (NT$2.4B).
Long Term Liabilities: 9931's short term assets (NT$2.0B) exceed its long term liabilities (NT$1.0B).
Debt to Equity History and Analysis
Debt Level: 9931 has more cash than its total debt.
Reducing Debt: 9931's debt to equity ratio has increased from 2.1% to 24.7% over the past 5 years.
Debt Coverage: 9931's debt is well covered by operating cash flow (48.3%).
Interest Coverage: 9931 earns more interest than it pays, so coverage of interest payments is not a concern.