Giga Solar Materials Balance Sheet Health
Financial Health criteria checks 3/6
Giga Solar Materials has a total shareholder equity of NT$7.4B and total debt of NT$5.5B, which brings its debt-to-equity ratio to 74.2%. Its total assets and total liabilities are NT$14.2B and NT$6.8B respectively.
Key information
74.2%
Debt to equity ratio
NT$5.51b
Debt
| Interest coverage ratio | n/a |
| Cash | NT$1.95b |
| Equity | NT$7.43b |
| Total liabilities | NT$6.76b |
| Total assets | NT$14.18b |
Recent financial health updates
Recent updates
Giga Solar Materials Corp.'s (GTSM:3691) Share Price Could Signal Some Risk
Apr 01
Giga Solar Materials' (GTSM:3691) Shareholders Are Down 69% On Their Shares
Mar 03Does It Make Sense To Buy Giga Solar Materials Corp. (GTSM:3691) For Its Yield?
Feb 02Here's Why Giga Solar Materials (GTSM:3691) Can Manage Its Debt Responsibly
Jan 10
Does Giga Solar Materials' (GTSM:3691) Returns On Capital Reflect Well On The Business?
Dec 13Financial Position Analysis
Short Term Liabilities: 3691's short term assets (NT$6.8B) exceed its short term liabilities (NT$3.2B).
Long Term Liabilities: 3691's short term assets (NT$6.8B) exceed its long term liabilities (NT$3.6B).
Debt to Equity History and Analysis
Debt Level: 3691's net debt to equity ratio (47.9%) is considered high.
Reducing Debt: 3691's debt to equity ratio has reduced from 116.6% to 74.2% over the past 5 years.
Debt Coverage: 3691's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 3691's interest payments on its debt are well covered by EBIT.