Tien Li Offshore Wind Technology Balance Sheet Health
Financial Health criteria checks 4/6
Tien Li Offshore Wind Technology has a total shareholder equity of NT$1.7B and total debt of NT$400.0M, which brings its debt-to-equity ratio to 24%. Its total assets and total liabilities are NT$2.5B and NT$803.0M respectively. Tien Li Offshore Wind Technology's EBIT is NT$36.6M making its interest coverage ratio 2.5. It has cash and short-term investments of NT$231.9M.
Key information
24.0%
Debt to equity ratio
NT$400.00m
Debt
| Interest coverage ratio | 2.5x |
| Cash | NT$231.86m |
| Equity | NT$1.66b |
| Total liabilities | NT$803.03m |
| Total assets | NT$2.47b |
Financial Position Analysis
Short Term Liabilities: 6793's short term assets (NT$630.9M) exceed its short term liabilities (NT$475.0M).
Long Term Liabilities: 6793's short term assets (NT$630.9M) exceed its long term liabilities (NT$328.1M).
Debt to Equity History and Analysis
Debt Level: 6793's net debt to equity ratio (10.1%) is considered satisfactory.
Reducing Debt: 6793's debt to equity ratio has increased from 0% to 24% over the past 5 years.
Debt Coverage: 6793's debt is well covered by operating cash flow (21.1%).
Interest Coverage: 6793's interest payments on its debt are not well covered by EBIT (2.5x coverage).