Formosa Optical TechnologyLtd Balance Sheet Health
Financial Health criteria checks 5/6
Formosa Optical TechnologyLtd has a total shareholder equity of NT$3.0B and total debt of NT$1.5B, which brings its debt-to-equity ratio to 49.8%. Its total assets and total liabilities are NT$7.1B and NT$4.2B respectively. Formosa Optical TechnologyLtd's EBIT is NT$328.0M making its interest coverage ratio -2.6. It has cash and short-term investments of NT$2.3B.
Key information
49.8%
Debt to equity ratio
NT$1.47b
Debt
| Interest coverage ratio | -2.6x |
| Cash | NT$2.31b |
| Equity | NT$2.96b |
| Total liabilities | NT$4.17b |
| Total assets | NT$7.14b |
Recent financial health updates
Recent updates
Should You Buy Formosa Optical Technology Co.,Ltd. (GTSM:5312) For Its Dividend?
Apr 09
Returns On Capital Signal Tricky Times Ahead For Formosa Optical TechnologyLtd (GTSM:5312)
Mar 22Formosa Optical Technology Co.,Ltd.'s (GTSM:5312) Stock Has Shown Weakness Lately But Financial Prospects Look Decent: Is The Market Wrong?
Mar 01Here's Why Formosa Optical TechnologyLtd (GTSM:5312) Has A Meaningful Debt Burden
Feb 08
Formosa Optical TechnologyLtd (GTSM:5312) Has Returned Negative 4.0% To Its Shareholders In The Past Five Years
Jan 22Would Formosa Optical Technology Co.,Ltd. (GTSM:5312) Be Valuable To Income Investors?
Jan 07What Do The Returns On Capital At Formosa Optical TechnologyLtd (GTSM:5312) Tell Us?
Dec 22Are Formosa Optical TechnologyLtd's (GTSM:5312) Statutory Earnings A Good Reflection Of Its Earnings Potential?
Dec 07A Look At The Intrinsic Value Of Formosa Optical Technology Co.,Ltd. (GTSM:5312)
Nov 23Financial Position Analysis
Short Term Liabilities: 5312's short term assets (NT$4.2B) exceed its short term liabilities (NT$2.6B).
Long Term Liabilities: 5312's short term assets (NT$4.2B) exceed its long term liabilities (NT$1.6B).
Debt to Equity History and Analysis
Debt Level: 5312 has more cash than its total debt.
Reducing Debt: 5312's debt to equity ratio has increased from 24.8% to 49.8% over the past 5 years.
Debt Coverage: 5312's debt is well covered by operating cash flow (61.3%).
Interest Coverage: 5312 earns more interest than it pays, so coverage of interest payments is not a concern.