Ardentec Balance Sheet Health
Financial Health criteria checks 4/6
Ardentec has a total shareholder equity of NT$17.6B and total debt of NT$10.6B, which brings its debt-to-equity ratio to 60.4%. Its total assets and total liabilities are NT$33.0B and NT$15.4B respectively. Ardentec's EBIT is NT$3.4B making its interest coverage ratio 26.5. It has cash and short-term investments of NT$4.3B.
Key information
60.4%
Debt to equity ratio
NT$10.63b
Debt
Interest coverage ratio | 26.5x |
Cash | NT$4.30b |
Equity | NT$17.61b |
Total liabilities | NT$15.37b |
Total assets | NT$32.99b |
Recent financial health updates
Is Ardentec (GTSM:3264) A Risky Investment?
Mar 15Ardentec (GTSM:3264) Seems To Use Debt Quite Sensibly
Dec 13Recent updates
Is Ardentec (GTSM:3264) A Risky Investment?
Mar 15Our Take On The Returns On Capital At Ardentec (GTSM:3264)
Feb 23Ardentec Corporation (GTSM:3264) Is Yielding 2.7% - But Is It A Buy?
Feb 05Is Ardentec Corporation's(GTSM:3264) Recent Stock Performance Tethered To Its Strong Fundamentals?
Jan 18Ardentec (GTSM:3264) Has Gifted Shareholders With A Fantastic 135% Total Return On Their Investment
Dec 31Ardentec (GTSM:3264) Seems To Use Debt Quite Sensibly
Dec 13Has Ardentec (GTSM:3264) Got What It Takes To Become A Multi-Bagger?
Nov 25Financial Position Analysis
Short Term Liabilities: 3264's short term assets (NT$8.5B) exceed its short term liabilities (NT$4.9B).
Long Term Liabilities: 3264's short term assets (NT$8.5B) do not cover its long term liabilities (NT$10.5B).
Debt to Equity History and Analysis
Debt Level: 3264's net debt to equity ratio (36%) is considered satisfactory.
Reducing Debt: 3264's debt to equity ratio has increased from 43.4% to 60.4% over the past 5 years.
Debt Coverage: 3264's debt is well covered by operating cash flow (58%).
Interest Coverage: 3264's interest payments on its debt are well covered by EBIT (26.5x coverage).