Lung Ming Green Energy Technology Engineering Balance Sheet Health
Financial Health criteria checks 5/6
Lung Ming Green Energy Technology Engineering has a total shareholder equity of NT$737.9M and total debt of NT$393.2M, which brings its debt-to-equity ratio to 53.3%. Its total assets and total liabilities are NT$1.7B and NT$967.5M respectively.
Key information
53.3%
Debt to equity ratio
NT$393.17m
Debt
| Interest coverage ratio | n/a |
| Cash | NT$197.55m |
| Equity | NT$737.95m |
| Total liabilities | NT$967.53m |
| Total assets | NT$1.71b |
Financial Position Analysis
Short Term Liabilities: 3018's short term assets (NT$1.0B) exceed its short term liabilities (NT$717.4M).
Long Term Liabilities: 3018's short term assets (NT$1.0B) exceed its long term liabilities (NT$250.1M).
Debt to Equity History and Analysis
Debt Level: 3018's net debt to equity ratio (26.5%) is considered satisfactory.
Reducing Debt: 3018's debt to equity ratio has increased from 40.5% to 53.3% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: 3018 has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: 3018 has sufficient cash runway for 1 years if free cash flow continues to reduce at historical rates of 22.2% each year.