Fortune Electric Balance Sheet Health
Financial Health criteria checks 6/6
Fortune Electric has a total shareholder equity of NT$6.1B and total debt of NT$489.7M, which brings its debt-to-equity ratio to 8%. Its total assets and total liabilities are NT$15.2B and NT$9.1B respectively. Fortune Electric's EBIT is NT$2.9B making its interest coverage ratio 128.4. It has cash and short-term investments of NT$1.9B.
Key information
8.0%
Debt to equity ratio
NT$489.75m
Debt
| Interest coverage ratio | 128.4x |
| Cash | NT$1.94b |
| Equity | NT$6.13b |
| Total liabilities | NT$9.11b |
| Total assets | NT$15.25b |
Recent financial health updates
These 4 Measures Indicate That Fortune Electric (TPE:1519) Is Using Debt Safely
Apr 23
These 4 Measures Indicate That Fortune Electric (TPE:1519) Is Using Debt Reasonably Well
Jan 23Recent updates
After 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$12.6B) exceed its short term liabilities (NT$8.8B).
Long Term Liabilities: 1519's short term assets (NT$12.6B) exceed its long term liabilities (NT$336.7M).
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 36% to 8% over the past 5 years.
Debt Coverage: 1519's debt is well covered by operating cash flow (874.2%).
Interest Coverage: 1519's interest payments on its debt are well covered by EBIT (128.4x coverage).