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$137.4M, which brings its debt-to-equity ratio to 12.7%. Its total assets and total liabilities are NT$1.5B and NT$451.4M respectively. Chitec Technology's EBIT is NT$174.1M making its interest coverage ratio -21.1. It has cash and short-term investments of NT$425.0M.
Key information
12.7%
Debt to equity ratio
NT$137.41m
Debt
| Interest coverage ratio | -21.1x |
| Cash | NT$425.01m |
| Equity | NT$1.08b |
| Total liabilities | NT$451.43m |
| Total assets | NT$1.53b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 3430's short term assets (NT$1.1B) exceed its short term liabilities (NT$314.2M).
Long Term Liabilities: 3430's short term assets (NT$1.1B) exceed its long term liabilities (NT$137.3M).
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 101.1% to 12.7% over the past 5 years.
Debt Coverage: 3430's debt is well covered by operating cash flow (52.2%).
Interest Coverage: 3430 earns more interest than it pays, so coverage of interest payments is not a concern.