ECOVE Environment Balance Sheet Health
Financial Health criteria checks 6/6
ECOVE Environment has a total shareholder equity of NT$6.8B and total debt of NT$2.0B, which brings its debt-to-equity ratio to 29.5%. Its total assets and total liabilities are NT$13.1B and NT$6.3B respectively. ECOVE Environment's EBIT is NT$1.5B making its interest coverage ratio 116.2. It has cash and short-term investments of NT$3.1B.
Key information
29.5%
Debt to equity ratio
NT$2.01b
Debt
| Interest coverage ratio | 116.2x |
| Cash | NT$3.10b |
| Equity | NT$6.82b |
| Total liabilities | NT$6.27b |
| Total assets | NT$13.08b |
Recent financial health updates
Recent updates
ECOVE Environment (GTSM:6803) Could Easily Take On More Debt
Apr 20
The Returns At ECOVE Environment (GTSM:6803) Aren't Growing
Apr 01Is ECOVE Environment Corp.'s (GTSM:6803) 4.9% Dividend Worth Your Time?
Mar 12Shareholders Of ECOVE Environment (GTSM:6803) Must Be Happy With Their 74% Return
Feb 24Should Weakness in ECOVE Environment Corp.'s (GTSM:6803) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?
Feb 03
Financial Position Analysis
Short Term Liabilities: 6803's short term assets (NT$5.1B) exceed its short term liabilities (NT$2.5B).
Long Term Liabilities: 6803's short term assets (NT$5.1B) exceed its long term liabilities (NT$3.8B).
Debt to Equity History and Analysis
Debt Level: 6803 has more cash than its total debt.
Reducing Debt: 6803's debt to equity ratio has reduced from 29.6% to 29.5% over the past 5 years.
Debt Coverage: 6803's debt is well covered by operating cash flow (111.2%).
Interest Coverage: 6803's interest payments on its debt are well covered by EBIT (116.2x coverage).