UMC Electronics Balance Sheet Health
Financial Health criteria checks 5/6
UMC Electronics has a total shareholder equity of ¥20.5B and total debt of ¥34.2B, which brings its debt-to-equity ratio to 167.1%. Its total assets and total liabilities are ¥83.6B and ¥63.1B respectively. UMC Electronics's EBIT is ¥2.3B making its interest coverage ratio 3.7. It has cash and short-term investments of ¥15.0B.
Key information
167.1%
Debt to equity ratio
JP¥34.19b
Debt
| Interest coverage ratio | 3.7x |
| Cash | JP¥14.96b |
| Equity | JP¥20.46b |
| Total liabilities | JP¥63.11b |
| Total assets | JP¥83.57b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 6615's short term assets (¥55.1B) exceed its short term liabilities (¥50.0B).
Long Term Liabilities: 6615's short term assets (¥55.1B) exceed its long term liabilities (¥13.1B).
Debt to Equity History and Analysis
Debt Level: 6615's net debt to equity ratio (94%) is considered high.
Reducing Debt: 6615's debt to equity ratio has reduced from 200.7% to 167.1% over the past 5 years.
Debt Coverage: 6615's debt is well covered by operating cash flow (25.3%).
Interest Coverage: 6615's interest payments on its debt are well covered by EBIT (3.7x coverage).