Sports Gear Balance Sheet Health
Financial Health criteria checks 6/6
Sports Gear has a total shareholder equity of NT$14.3B and total debt of NT$2.6B, which brings its debt-to-equity ratio to 18.3%. Its total assets and total liabilities are NT$21.0B and NT$6.7B respectively. Sports Gear's EBIT is NT$745.3M making its interest coverage ratio -3.4. It has cash and short-term investments of NT$8.0B.
Key information
18.3%
Debt to equity ratio
NT$2.62b
Debt
Interest coverage ratio | -3.4x |
Cash | NT$8.04b |
Equity | NT$14.32b |
Total liabilities | NT$6.69b |
Total assets | NT$21.01b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 6768's short term assets (NT$14.0B) exceed its short term liabilities (NT$5.0B).
Long Term Liabilities: 6768's short term assets (NT$14.0B) exceed its long term liabilities (NT$1.7B).
Debt to Equity History and Analysis
Debt Level: 6768 has more cash than its total debt.
Reducing Debt: 6768's debt to equity ratio has reduced from 21.7% to 18.3% over the past 5 years.
Debt Coverage: 6768's debt is well covered by operating cash flow (58.5%).
Interest Coverage: 6768 earns more interest than it pays, so coverage of interest payments is not a concern.