Mirle Automation Balance Sheet Health
Financial Health criteria checks 2/6
Mirle Automation has a total shareholder equity of NT$4.2B and total debt of NT$3.4B, which brings its debt-to-equity ratio to 80.2%. Its total assets and total liabilities are NT$12.0B and NT$7.8B respectively. Mirle Automation's EBIT is NT$6.4M making its interest coverage ratio 0.2. It has cash and short-term investments of NT$1.4B.
Key information
80.2%
Debt to equity ratio
NT$3.40b
Debt
| Interest coverage ratio | 0.2x |
| Cash | NT$1.42b |
| Equity | NT$4.24b |
| Total liabilities | NT$7.80b |
| Total assets | NT$12.04b |
Recent financial health updates
Here's Why Mirle Automation (TWSE:2464) Has A Meaningful Debt Burden
Apr 29
Mirle Automation (TPE:2464) Seems To Use Debt Quite Sensibly
Feb 11Recent updates
Here's Why Mirle Automation (TWSE:2464) Has A Meaningful Debt Burden
Apr 29Subdued Growth No Barrier To Mirle Automation Corporation (TWSE:2464) With Shares Advancing 29%
Apr 08Mirle Automation's (TWSE:2464) Anemic Earnings Might Be Worse Than You Think
Mar 20Some Investors May Be Worried About Mirle Automation's (TPE:2464) Returns On Capital
Apr 26Factors Income Investors Should Consider Before Adding Mirle Automation Corporation (TPE:2464) To Their Portfolio
Mar 21Should Mirle Automation (TPE:2464) Be Disappointed With Their 30% Profit?
Mar 01Mirle Automation (TPE:2464) Seems To Use Debt Quite Sensibly
Feb 11What Do The Returns On Capital At Mirle Automation (TPE:2464) Tell Us?
Jan 25Is Mirle Automation Corporation's(TPE:2464) Recent Stock Performance Tethered To Its Strong Fundamentals?
Jan 07
Are Dividend Investors Making A Mistake With Mirle Automation Corporation (TPE:2464)?
Dec 20Shareholders Of Mirle Automation (TPE:2464) Must Be Happy With Their 83% Return
Nov 23Financial Position Analysis
Short Term Liabilities: 2464's short term assets (NT$8.9B) exceed its short term liabilities (NT$7.1B).
Long Term Liabilities: 2464's short term assets (NT$8.9B) exceed its long term liabilities (NT$740.0M).
Debt to Equity History and Analysis
Debt Level: 2464's net debt to equity ratio (46.6%) is considered high.
Reducing Debt: 2464's debt to equity ratio has increased from 17.9% to 80.2% over the past 5 years.
Debt Coverage: 2464's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 2464's interest payments on its debt are not well covered by EBIT (0.2x coverage).