Micro Electricity Balance Sheet Health
Financial Health criteria checks 1/6
Micro Electricity has a total shareholder equity of NT$788.5M and total debt of NT$512.2M, which brings its debt-to-equity ratio to 65%. Its total assets and total liabilities are NT$3.4B and NT$2.6B respectively. Micro Electricity's EBIT is NT$62.7M making its interest coverage ratio 2.8. It has cash and short-term investments of NT$145.1M.
Key information
65.0%
Debt to equity ratio
NT$512.19m
Debt
Interest coverage ratio | 2.8x |
Cash | NT$145.08m |
Equity | NT$788.45m |
Total liabilities | NT$2.60b |
Total assets | NT$3.39b |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: 6883's short term assets (NT$1.8B) do not cover its short term liabilities (NT$2.2B).
Long Term Liabilities: 6883's short term assets (NT$1.8B) exceed its long term liabilities (NT$369.4M).
Debt to Equity History and Analysis
Debt Level: 6883's net debt to equity ratio (46.6%) is considered high.
Reducing Debt: Insufficient data to determine if 6883's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 6883's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 6883's interest payments on its debt are not well covered by EBIT (2.8x coverage).