Altek Balance Sheet Health
Financial Health criteria checks 5/6
Altek has a total shareholder equity of NT$9.2B and total debt of NT$2.6B, which brings its debt-to-equity ratio to 28.4%. Its total assets and total liabilities are NT$14.9B and NT$5.7B respectively. Altek's EBIT is NT$376.1M making its interest coverage ratio -2.5. It has cash and short-term investments of NT$6.0B.
Key information
28.4%
Debt to equity ratio
NT$2.63b
Debt
| Interest coverage ratio | -2.5x |
| Cash | NT$5.95b |
| Equity | NT$9.25b |
| Total liabilities | NT$5.67b |
| Total assets | NT$14.92b |
Recent financial health updates
Recent updates
Does Altek Corporation's (TPE:3059) Weak Fundamentals Mean That The Stock Could Move In The Opposite Direction?
Mar 18
Is Altek (TPE:3059) Struggling?
Feb 28Altek (TPE:3059) Seems To Use Debt Rather Sparingly
Feb 10Does Altek's (TPE:3059) Share Price Gain of 43% Match Its Business Performance?
Jan 26
Is Altek Corporation (TPE:3059) A Strong Dividend Stock?
Jan 11Altek (TPE:3059) Is Growing Earnings But Are They A Good Guide?
Dec 25Altek Corporation's (TPE:3059) On An Uptrend But Financial Prospects Look Pretty Weak: Is The Stock Overpriced?
Dec 10Is Altek (TPE:3059) Set To Make A Turnaround?
Nov 25Financial Position Analysis
Short Term Liabilities: 3059's short term assets (NT$9.0B) exceed its short term liabilities (NT$4.1B).
Long Term Liabilities: 3059's short term assets (NT$9.0B) exceed its long term liabilities (NT$1.6B).
Debt to Equity History and Analysis
Debt Level: 3059 has more cash than its total debt.
Reducing Debt: 3059's debt to equity ratio has increased from 24% to 28.4% over the past 5 years.
Debt Coverage: 3059's debt is well covered by operating cash flow (51.8%).
Interest Coverage: 3059 earns more interest than it pays, so coverage of interest payments is not a concern.