Microtips Technology Balance Sheet Health
Financial Health criteria checks 6/6
Microtips Technology has a total shareholder equity of NT$619.1M and total debt of NT$4.6M, which brings its debt-to-equity ratio to 0.7%. Its total assets and total liabilities are NT$854.9M and NT$235.8M respectively. Microtips Technology's EBIT is NT$43.3M making its interest coverage ratio -4.1. It has cash and short-term investments of NT$505.1M.
Key information
0.7%
Debt to equity ratio
NT$4.61m
Debt
Interest coverage ratio | -4.1x |
Cash | NT$505.14m |
Equity | NT$619.09m |
Total liabilities | NT$235.82m |
Total assets | NT$854.92m |
Recent financial health updates
No updates
Recent updates
Here's What You Should Know About Microtips Technology Inc.'s (GTSM:3285) 1.6% Dividend Yield
Apr 06Could Microtips Technology Inc.'s (GTSM:3285) Weak Financials Mean That The Market Could Correct Its Share Price?
Feb 28Has Microtips Technology (GTSM:3285) Got What It Takes To Become A Multi-Bagger?
Jan 24Microtips Technology Inc.'s (GTSM:3285) Popularity With Investors Is Under Threat From Overpricing
Dec 20Financial Position Analysis
Short Term Liabilities: 3285's short term assets (NT$714.7M) exceed its short term liabilities (NT$201.3M).
Long Term Liabilities: 3285's short term assets (NT$714.7M) exceed its long term liabilities (NT$34.5M).
Debt to Equity History and Analysis
Debt Level: 3285 has more cash than its total debt.
Reducing Debt: 3285's debt to equity ratio has reduced from 24% to 0.7% over the past 5 years.
Debt Coverage: 3285's debt is well covered by operating cash flow (2563%).
Interest Coverage: 3285 earns more interest than it pays, so coverage of interest payments is not a concern.