Formosa Plastics Corporation

Taiwan Stock Exchange 1301.TW

Formosa Plastics Corporation Interest Coverage Ratio for the year ending December 31, 2023: -2.00

Formosa Plastics Corporation Interest Coverage Ratio is -2.00 for the year ending December 31, 2023, a -104.63% change year over year. Interest coverage ratio assesses earnings' ability to cover interest expenses; higher ratios signal lower risk.
  • Formosa Plastics Corporation Interest Coverage Ratio for the year ending December 31, 2022 was 43.23, a -46.01% change year over year.
  • Formosa Plastics Corporation Interest Coverage Ratio for the year ending December 31, 2021 was 80.07, a 379.39% change year over year.
  • Formosa Plastics Corporation Interest Coverage Ratio for the year ending December 31, 2020 was 16.70, a -47.91% change year over year.
  • Formosa Plastics Corporation Interest Coverage Ratio for the year ending December 31, 2019 was 32.06, a 87.27% change year over year.
Key data
Date Interest Coverage Ratio Debt to Equity Ratio Interest Expense To Sales Inventory Turnover Ratio
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SV Wall Street
Taiwan Stock Exchange: 1301.TW

Formosa Plastics Corporation

CEO Mr. Wen-Bee Kuo
IPO Date Jan. 4, 2000
Location Taiwan
Headquarters No. 100, Shuiguan Rd.
Employees 7,437
Sector Materials
Industries
Description

Formosa Plastics Corporation manufactures and sells plastic raw materials, chemical fibers, and petrochemical products in Taiwan, Mainland China, and internationally. Its plastic products include PVC, high-density polyethylene, linear low-density polyethylene, ethylene vinyl acetate copolymer, polyethylene wax, polypropylene, polyacetal, and compound rubber particles. The company also provides chemicals, such as liquid caustic soda, solid alkali, liquid chlorine, vinyl chloride, dichloroethane, acrylonitrile, acetonitrile, methyl methacrylate, methacrylate, epichlorohydrin, methyl tertiary butyl ether, acrylate, superabsorbent resin, and n-butanol. In addition, it offers carbon fibers; process computer DCS systems, warehouse logistics control systems, real-time production management systems, safety control systems, and laboratories information management systems; and other products, including dye-sensitized batteries, processing aids, impact modifiers, haibo, chlorinated solvents, purified hydrogen, lithium-ion battery electrolytes, lime, calcium carbonate powder, and hydrochloric acid, as well as antibacterial products. The company provides its products for use in various applications, such as daily necessities, outdoor sports, mechanical engineering, building materials coatings, 3C home appliances, civil and agricultural livestock, and other applications. Formosa Plastics Corporation was incorporated in 1954 and is headquartered in Kaohsiung, Taiwan.

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StockViz Staff

February 5, 2025

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