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 07Recent updates
Here's Why We Think Fortune Electric (TWSE:1519) Might Deserve Your Attention Today
Dec 03With 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 26Financial 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.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/02 09:07 |
| End of Day Share Price | 2025/01/02 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Fortune Electric Co., Ltd. is covered by 13 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | Capital Securities Corporation |
| Jianhong Wu | Capital Securities Corporation |
| Michael Lan | Citigroup Inc |