Ching Chan Optical Technology Balance Sheet Health
Financial Health criteria checks 6/6
Ching Chan Optical Technology has a total shareholder equity of NT$908.2M and total debt of NT$139.1M, which brings its debt-to-equity ratio to 15.3%. Its total assets and total liabilities are NT$1.3B and NT$433.9M respectively. Ching Chan Optical Technology's EBIT is NT$152.2M making its interest coverage ratio 112. It has cash and short-term investments of NT$270.1M.
Key information
15.3%
Debt to equity ratio
NT$139.13m
Debt
| Interest coverage ratio | 112x |
| Cash | NT$270.13m |
| Equity | NT$908.20m |
| Total liabilities | NT$433.86m |
| Total assets | NT$1.34b |
Financial Position Analysis
Short Term Liabilities: 2070's short term assets (NT$682.0M) exceed its short term liabilities (NT$335.0M).
Long Term Liabilities: 2070's short term assets (NT$682.0M) exceed its long term liabilities (NT$98.9M).
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 reduced from 36.6% to 15.3% over the past 5 years.
Debt Coverage: 2070's debt is well covered by operating cash flow (104.3%).
Interest Coverage: 2070's interest payments on its debt are well covered by EBIT (112x coverage).