Tien Li Offshore Wind Technology Balance Sheet Health
Financial Health criteria checks 6/6
Tien Li Offshore Wind Technology has a total shareholder equity of NT$1.8B and total debt of NT$397.8M, which brings its debt-to-equity ratio to 22.6%. Its total assets and total liabilities are NT$2.5B and NT$756.9M respectively. Tien Li Offshore Wind Technology's EBIT is NT$167.8M making its interest coverage ratio 11.8. It has cash and short-term investments of NT$283.8M.
Key information
22.6%
Debt to equity ratio
NT$397.78m
Debt
| Interest coverage ratio | 11.8x |
| Cash | NT$283.75m |
| Equity | NT$1.76b |
| Total liabilities | NT$756.94m |
| Total assets | NT$2.52b |
Financial Position Analysis
Short Term Liabilities: 6793's short term assets (NT$748.0M) exceed its short term liabilities (NT$469.3M).
Long Term Liabilities: 6793's short term assets (NT$748.0M) exceed its long term liabilities (NT$287.6M).
Debt to Equity History and Analysis
Debt Level: 6793's net debt to equity ratio (6.5%) is considered satisfactory.
Reducing Debt: 6793's debt to equity ratio has reduced from 51.7% to 22.6% over the past 5 years.
Debt Coverage: 6793's debt is well covered by operating cash flow (53.7%).
Interest Coverage: 6793's interest payments on its debt are well covered by EBIT (11.8x coverage).