Chitec Technology Balance Sheet Health
Financial Health criteria checks 6/6
Chitec Technology has a total shareholder equity of NT$1.0B and total debt of NT$112.8M, which brings its debt-to-equity ratio to 11.1%. Its total assets and total liabilities are NT$1.4B and NT$413.6M respectively. Chitec Technology's EBIT is NT$132.7M making its interest coverage ratio -14. It has cash and short-term investments of NT$433.6M.
Key information
11.1%
Debt to equity ratio
NT$112.79m
Debt
| Interest coverage ratio | -14x |
| Cash | NT$433.63m |
| Equity | NT$1.02b |
| Total liabilities | NT$413.62m |
| Total assets | NT$1.43b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 3430's short term assets (NT$1.0B) exceed its short term liabilities (NT$279.7M).
Long Term Liabilities: 3430's short term assets (NT$1.0B) exceed its long term liabilities (NT$133.9M).
Debt to Equity History and Analysis
Debt Level: 3430 has more cash than its total debt.
Reducing Debt: 3430's debt to equity ratio has reduced from 82.3% to 11.1% over the past 5 years.
Debt Coverage: 3430's debt is well covered by operating cash flow (133%).
Interest Coverage: 3430 earns more interest than it pays, so coverage of interest payments is not a concern.