Chitec Technology Balance Sheet Health
Financial Health criteria checks 6/6
Chitec Technology has a total shareholder equity of NT$1.1B and total debt of NT$141.6M, which brings its debt-to-equity ratio to 13.4%. Its total assets and total liabilities are NT$1.6B and NT$526.0M respectively. Chitec Technology's EBIT is NT$161.0M making its interest coverage ratio -18.6. It has cash and short-term investments of NT$473.1M.
Key information
13.4%
Debt to equity ratio
NT$141.58m
Debt
| Interest coverage ratio | -18.6x |
| Cash | NT$473.10m |
| Equity | NT$1.06b |
| Total liabilities | NT$525.97m |
| Total assets | NT$1.58b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 3430's short term assets (NT$1.2B) exceed its short term liabilities (NT$384.4M).
Long Term Liabilities: 3430's short term assets (NT$1.2B) exceed its long term liabilities (NT$141.6M).
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 96.6% to 13.4% over the past 5 years.
Debt Coverage: 3430's debt is well covered by operating cash flow (81.2%).
Interest Coverage: 3430 earns more interest than it pays, so coverage of interest payments is not a concern.