Higher Way Electronic Balance Sheet Health

Financial Health criteria checks 5/6

Higher Way Electronic has a total shareholder equity of NT$496.7M and total debt of NT$243.5M, which brings its debt-to-equity ratio to 49%. Its total assets and total liabilities are NT$934.6M and NT$437.9M respectively.

Key information

49.0%

Debt to equity ratio

NT$243.48m

Debt

Interest coverage ratio	n/a
Cash	NT$227.30m
Equity	NT$496.68m
Total liabilities	NT$437.88m
Total assets	NT$934.56m

Recent financial health updates

Higher Way Electronic (GTSM:3268) Seems To Use Debt Quite Sensibly

Jan 07

Recent updates

The Strong Earnings Posted By Higher Way Electronic (GTSM:3268) Are A Good Indication Of The Strength Of The Business

Apr 06

We Like These Underlying Trends At Higher Way Electronic (GTSM:3268)

Mar 01

Higher Way Electronic (GTSM:3268) Seems To Use Debt Quite Sensibly

Jan 07

Financial Position Analysis

Short Term Liabilities: 3268's short term assets (NT$700.4M) exceed its short term liabilities (NT$191.0M).

Long Term Liabilities: 3268's short term assets (NT$700.4M) exceed its long term liabilities (NT$246.9M).

Debt to Equity History and Analysis

Debt Level: 3268's net debt to equity ratio (3.3%) is considered satisfactory.

Reducing Debt: 3268's debt to equity ratio has reduced from 58.5% to 49% over the past 5 years.

Debt Coverage: 3268's debt is well covered by operating cash flow (22.1%).

Interest Coverage: Insufficient data to determine if 3268's interest payments on its debt are well covered by EBIT.

Higher Way Electronic Balance Sheet Health

Financial Health criteria checks 5/6

Key information

Recent financial health updates

Higher Way Electronic (GTSM:3268) Seems To Use Debt Quite Sensibly

Recent updates

Higher Way Electronic Co., Ltd., Annual General Meeting, Jun 21, 2024

Full year 2023 earnings released: NT$0.20 loss per share (vs NT$1.53 profit in FY 2022)

New minor risk - Share price stability

Investor sentiment improves as stock rises 19%

New minor risk - Profit margin trend

Second quarter 2023 earnings released: EPS: NT$0.41 (vs NT$0.75 in 2Q 2022)

Upcoming dividend of NT$0.70 per share at 3.1% yield

No independent directors

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

Second quarter 2022 earnings released: EPS: NT$0.75 (vs NT$0.075 in 2Q 2021)

Upcoming dividend of NT$0.60 per share

First quarter 2022 earnings released: EPS: NT$0.48 (vs NT$0.38 in 1Q 2021)

No independent directors

Full year 2021 earnings released: EPS: NT$0.95 (vs NT$0.90 in FY 2020)

Investor sentiment improved over the past week

Third quarter 2021 earnings released: EPS NT$0.30 (vs NT$0.17 in 3Q 2020)

Second quarter 2021 earnings released: EPS NT$0.07 (vs NT$0.50 loss in 2Q 2020)

Inaugural dividend of NT$0.50 per share

Investor sentiment improved over the past week

Investor sentiment improved over the past week

First quarter 2021 earnings released: EPS NT$0.38 (vs NT$0.045 loss in 1Q 2020)

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

The Strong Earnings Posted By Higher Way Electronic (GTSM:3268) Are A Good Indication Of The Strength Of The Business

Full year 2020 earnings released: EPS NT$0.90 (vs NT$0.56 loss in FY 2019)

We Like These Underlying Trends At Higher Way Electronic (GTSM:3268)

New 90-day high: NT$18.70

New 90-day low: NT$15.20

Higher Way Electronic (GTSM:3268) Seems To Use Debt Quite Sensibly

Third quarter 2020 earnings released: EPS NT$0.17

New 90-day high - NT$18.40

First half earnings released

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

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