Ching Chan Optical Technology Balance Sheet Health
Financial Health criteria checks 4/6
Ching Chan Optical Technology has a total shareholder equity of NT$915.6M and total debt of NT$413.6M, which brings its debt-to-equity ratio to 45.2%. Its total assets and total liabilities are NT$1.6B and NT$706.2M respectively. Ching Chan Optical Technology's EBIT is NT$93.6M making its interest coverage ratio -272.9. It has cash and short-term investments of NT$674.8M.
Key information
45.2%
Debt to equity ratio
NT$413.60m
Debt
Interest coverage ratio | -272.9x |
Cash | NT$674.77m |
Equity | NT$915.60m |
Total liabilities | NT$706.19m |
Total assets | NT$1.62b |
Financial Position Analysis
Short Term Liabilities: 2070's short term assets (NT$1.0B) exceed its short term liabilities (NT$603.8M).
Long Term Liabilities: 2070's short term assets (NT$1.0B) exceed its long term liabilities (NT$102.4M).
Debt to Equity History and Analysis
Debt Level: 2070 has more cash than its total debt.
Reducing Debt: 2070's debt to equity ratio has increased from 36.7% to 45.2% over the past 5 years.
Debt Coverage: 2070's debt is not well covered by operating cash flow (17%).
Interest Coverage: 2070 earns more interest than it pays, so coverage of interest payments is not a concern.