V-TAC Technology Co.,Ltd.

TPEX:6229 Stock Report

Market Cap: NT$1.1b

V-TAC TechnologyLtd Balance Sheet Health

Financial Health criteria checks 5/6

V-TAC TechnologyLtd has a total shareholder equity of NT$656.6M and total debt of NT$352.6M, which brings its debt-to-equity ratio to 53.7%. Its total assets and total liabilities are NT$1.5B and NT$865.4M respectively. V-TAC TechnologyLtd's EBIT is NT$20.6M making its interest coverage ratio -4.3. It has cash and short-term investments of NT$483.7M.

Key information

53.7%

Debt to equity ratio

NT$352.63m

Debt

Interest coverage ratio-4.3x
CashNT$483.66m
EquityNT$656.61m
Total liabilitiesNT$865.36m
Total assetsNT$1.52b

Recent financial health updates

Recent updates

Does V-TAC TechnologyLtd (GTSM:6229) Have A Healthy Balance Sheet?

Apr 23
Does V-TAC TechnologyLtd (GTSM:6229) Have A Healthy Balance Sheet?

V-TAC TechnologyLtd's (GTSM:6229) Performance Is Even Better Than Its Earnings Suggest

Apr 01
V-TAC TechnologyLtd's (GTSM:6229) Performance Is Even Better Than Its Earnings Suggest

V-TAC Technology Co.,Ltd. (GTSM:6229) Is Going Strong But Fundamentals Appear To Be Mixed : Is There A Clear Direction For The Stock?

Mar 09
V-TAC Technology Co.,Ltd. (GTSM:6229) Is Going Strong But Fundamentals Appear To Be Mixed : Is There A Clear Direction For The Stock?

Is V-TAC Technology Co.,Ltd. (GTSM:6229) The Right Choice For A Smart Dividend Investor?

Feb 16
Is V-TAC Technology Co.,Ltd. (GTSM:6229) The Right Choice For A Smart Dividend Investor?

What Do The Returns At V-TAC TechnologyLtd (GTSM:6229) Mean Going Forward?

Jan 26
What Do The Returns At V-TAC TechnologyLtd (GTSM:6229) Mean Going Forward?

V-TAC TechnologyLtd (GTSM:6229) Seems To Use Debt Quite Sensibly

Jan 05
V-TAC TechnologyLtd (GTSM:6229) Seems To Use Debt Quite Sensibly

V-TAC Technology Co.,Ltd.'s (GTSM:6229) Stock is Soaring But Financials Seem Inconsistent: Will The Uptrend Continue?

Dec 08
V-TAC Technology Co.,Ltd.'s (GTSM:6229) Stock is Soaring But Financials Seem Inconsistent: Will The Uptrend Continue?

Read This Before Buying V-TAC Technology Co.,Ltd. (GTSM:6229) For Its Dividend

Nov 17
Read This Before Buying V-TAC Technology Co.,Ltd. (GTSM:6229) For Its Dividend

Financial Position Analysis

Short Term Liabilities: 6229's short term assets (NT$994.5M) exceed its short term liabilities (NT$784.1M).

Long Term Liabilities: 6229's short term assets (NT$994.5M) exceed its long term liabilities (NT$81.3M).


Debt to Equity History and Analysis

Debt Level: 6229 has more cash than its total debt.

Reducing Debt: 6229's debt to equity ratio has increased from 11.4% to 53.7% over the past 5 years.

Debt Coverage: 6229's debt is well covered by operating cash flow (20.8%).

Interest Coverage: 6229 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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