Desiccant Technology Balance Sheet Health
Financial Health criteria checks 6/6
Desiccant Technology has a total shareholder equity of NT$1.5B and total debt of NT$21.6M, which brings its debt-to-equity ratio to 1.5%. Its total assets and total liabilities are NT$2.8B and NT$1.3B respectively. Desiccant Technology's EBIT is NT$356.4M making its interest coverage ratio -23.9. It has cash and short-term investments of NT$1.4B.
Key information
1.5%
Debt to equity ratio
NT$21.63m
Debt
| Interest coverage ratio | -23.9x |
| Cash | NT$1.39b |
| Equity | NT$1.45b |
| Total liabilities | NT$1.30b |
| Total assets | NT$2.76b |
Recent financial health updates
No updates
Recent updates
Desiccant Technology's (TWSE:5292) Solid Earnings Are Supported By Other Strong Factors
Mar 22
We Like These Underlying Trends At Desiccant Technology (GTSM:5292)
Mar 10Are Strong Financial Prospects The Force That Is Driving The Momentum In Desiccant Technology Corporation's GTSM:5292) Stock?
Feb 03
Did Desiccant Technology's (GTSM:5292) Share Price Deserve to Gain 61%?
Jan 13Here's Why Desiccant Technology's (GTSM:5292) Statutory Earnings Are Arguably Too Conservative
Dec 23Should Desiccant Technology Corporation (GTSM:5292) Be Part Of Your Dividend Portfolio?
Nov 18Financial Position Analysis
Short Term Liabilities: 5292's short term assets (NT$2.3B) exceed its short term liabilities (NT$1.3B).
Long Term Liabilities: 5292's short term assets (NT$2.3B) exceed its long term liabilities (NT$42.1M).
Debt to Equity History and Analysis
Debt Level: 5292 has more cash than its total debt.
Reducing Debt: 5292's debt to equity ratio has reduced from 21.1% to 1.5% over the past 5 years.
Debt Coverage: 5292's debt is well covered by operating cash flow (1666%).
Interest Coverage: 5292 earns more interest than it pays, so coverage of interest payments is not a concern.