Tait Marketing & Distribution Balance Sheet Health
Financial Health criteria checks 6/6
Tait Marketing & Distribution has a total shareholder equity of NT$1.2B and total debt of NT$8.9M, which brings its debt-to-equity ratio to 0.7%. Its total assets and total liabilities are NT$1.6B and NT$377.1M respectively. Tait Marketing & Distribution's EBIT is NT$209.4M making its interest coverage ratio -36.1. It has cash and short-term investments of NT$415.6M.
Key information
0.7%
Debt to equity ratio
NT$8.86m
Debt
| Interest coverage ratio | -36.1x |
| Cash | NT$415.57m |
| Equity | NT$1.23b |
| Total liabilities | NT$377.14m |
| Total assets | NT$1.61b |
Recent financial health updates
No updates
Recent updates
Estimating The Fair Value Of Tait Marketing & Distribution Co., Ltd. (GTSM:5902)
Mar 30
Tait Marketing & Distribution Co., Ltd. (GTSM:5902) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?
Feb 17
Here’s What’s Happening With Returns At Tait Marketing & Distribution (GTSM:5902)
Jan 26Does Tait Marketing & Distribution's (GTSM:5902) Share Price Gain of 73% Match Its Business Performance?
Jan 05Is There More To The Story Than Tait Marketing & Distribution's (GTSM:5902) Earnings Growth?
Dec 13Is Tait Marketing & Distribution Co., Ltd.'s (GTSM:5902) Latest Stock Performance Being Led By Its Strong Fundamentals?
Nov 19Financial Position Analysis
Short Term Liabilities: 5902's short term assets (NT$1.0B) exceed its short term liabilities (NT$357.8M).
Long Term Liabilities: 5902's short term assets (NT$1.0B) exceed its long term liabilities (NT$19.4M).
Debt to Equity History and Analysis
Debt Level: 5902 has more cash than its total debt.
Reducing Debt: 5902's debt to equity ratio has reduced from 1.6% to 0.7% over the past 5 years.
Debt Coverage: 5902's debt is well covered by operating cash flow (1673.8%).
Interest Coverage: 5902 earns more interest than it pays, so coverage of interest payments is not a concern.