Formosa Optical TechnologyLtd Balance Sheet Health
Financial Health criteria checks 5/6
Formosa Optical TechnologyLtd has a total shareholder equity of NT$3.3B and total debt of NT$1.7B, which brings its debt-to-equity ratio to 50%. Its total assets and total liabilities are NT$7.7B and NT$4.4B respectively. Formosa Optical TechnologyLtd's EBIT is NT$311.9M making its interest coverage ratio -2.2. It has cash and short-term investments of NT$3.6B.
Key information
50.0%
Debt to equity ratio
NT$1.66b
Debt
| Interest coverage ratio | -2.2x |
| Cash | NT$3.64b |
| Equity | NT$3.32b |
| Total liabilities | NT$4.41b |
| Total assets | NT$7.73b |
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$4.5B) exceed its short term liabilities (NT$2.8B).
Long Term Liabilities: 5312's short term assets (NT$4.5B) 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 25.6% to 50% over the past 5 years.
Debt Coverage: 5312's debt is well covered by operating cash flow (43.4%).
Interest Coverage: 5312 earns more interest than it pays, so coverage of interest payments is not a concern.