Fortune Electric Balance Sheet Health
Financial Health criteria checks 6/6
Fortune Electric has a total shareholder equity of NT$7.3B and total debt of NT$1.4B, which brings its debt-to-equity ratio to 19.7%. Its total assets and total liabilities are NT$19.6B and NT$12.3B respectively. Fortune Electric's EBIT is NT$4.5B making its interest coverage ratio -176. It has cash and short-term investments of NT$2.4B.
Key information
19.7%
Debt to equity ratio
NT$1.44b
Debt
| Interest coverage ratio | -176x |
| Cash | NT$2.37b |
| Equity | NT$7.30b |
| Total liabilities | NT$12.30b |
| Total assets | NT$19.59b |
Recent financial health updates
Does Fortune Electric (TWSE:1519) Have A Healthy Balance Sheet?
Oct 07
Is Fortune Electric (TWSE:1519) Using Too Much Debt?
Jun 07These 4 Measures Indicate That Fortune Electric (TPE:1519) Is Using Debt Safely
Apr 23These 4 Measures Indicate That Fortune Electric (TPE:1519) Is Using Debt Reasonably Well
Jan 23Recent updates
With Fortune Electric Co., Ltd. (TWSE:1519) It Looks Like You'll Get What You Pay For
Nov 12Does Fortune Electric (TWSE:1519) Have A Healthy Balance Sheet?
Oct 07Are Investors Undervaluing Fortune Electric Co., Ltd. (TWSE:1519) By 30%?
Sep 19Is Now The Time To Put Fortune Electric (TWSE:1519) On Your Watchlist?
Sep 02Fortune Electric Co., Ltd. Just Missed Earnings - But Analysts Have Updated Their Models
Aug 15Fortune Electric Co., Ltd.'s (TWSE:1519) Share Price Is Still Matching Investor Opinion Despite 29% Slump
Aug 06Revenues Tell The Story For Fortune Electric Co., Ltd. (TWSE:1519) As Its Stock Soars 27%
Jun 18Is Fortune Electric (TWSE:1519) Using Too Much Debt?
Jun 07Is Fortune Electric Co., Ltd. (TWSE:1519) Expensive For A Reason? A Look At Its Intrinsic Value
May 13After Leaping 27% Fortune Electric Co., Ltd. (TWSE:1519) Shares Are Not Flying Under The Radar
Apr 28Does Fortune Electric (TWSE:1519) Deserve A Spot On Your Watchlist?
Apr 19We Think Fortune Electric's (TWSE:1519) Robust Earnings Are Conservative
Apr 01Fortune Electric Co., Ltd.'s (TWSE:1519) Share Price Matching Investor Opinion
Mar 12Why The 27% Return On Capital At Fortune Electric (TWSE:1519) Should Have Your Attention
Feb 26These 4 Measures Indicate That Fortune Electric (TPE:1519) Is Using Debt Safely
Apr 23Returns Are Gaining Momentum At Fortune Electric (TPE:1519)
Mar 24With EPS Growth And More, Fortune Electric (TPE:1519) Is Interesting
Mar 09Is Weakness In Fortune Electric Co., Ltd. (TPE:1519) Stock A Sign That The Market Could be Wrong Given Its Strong Financial Prospects?
Feb 22Should Fortune Electric Co., Ltd. (TPE:1519) Be Part Of Your Dividend Portfolio?
Feb 07These 4 Measures Indicate That Fortune Electric (TPE:1519) Is Using Debt Reasonably Well
Jan 23Fortune Electric (TPE:1519) Has Gifted Shareholders With A Fantastic 266% Total Return On Their Investment
Jan 08
What We Make Of Fortune Electric's (TPE:1519) Returns On Capital
Dec 24If You Like EPS Growth Then Check Out Fortune Electric (TPE:1519) Before It's Too Late
Dec 09Are Strong Financial Prospects The Force That Is Driving The Momentum In Fortune Electric Co., Ltd.'s TPE:1519) Stock?
Nov 24Financial Position Analysis
Short Term Liabilities: 1519's short term assets (NT$16.7B) exceed its short term liabilities (NT$11.2B).
Long Term Liabilities: 1519's short term assets (NT$16.7B) exceed its long term liabilities (NT$1.0B).
Debt to Equity History and Analysis
Debt Level: 1519 has more cash than its total debt.
Reducing Debt: 1519's debt to equity ratio has reduced from 89.3% to 19.7% over the past 5 years.
Debt Coverage: 1519's debt is well covered by operating cash flow (237.4%).
Interest Coverage: 1519 earns more interest than it pays, so coverage of interest payments is not a concern.