Major-Power Technology Balance Sheet Health
Financial Health criteria checks 5/6
Major-Power Technology has a total shareholder equity of NT$329.6M and total debt of NT$101.1M, which brings its debt-to-equity ratio to 30.7%. Its total assets and total liabilities are NT$501.0M and NT$171.4M respectively. Major-Power Technology's EBIT is NT$49.3M making its interest coverage ratio -302.5. It has cash and short-term investments of NT$201.5M.
Key information
30.7%
Debt to equity ratio
NT$101.08m
Debt
Interest coverage ratio | -302.5x |
Cash | NT$201.47m |
Equity | NT$329.60m |
Total liabilities | NT$171.39m |
Total assets | NT$500.99m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 6720's short term assets (NT$459.9M) exceed its short term liabilities (NT$138.9M).
Long Term Liabilities: 6720's short term assets (NT$459.9M) exceed its long term liabilities (NT$32.5M).
Debt to Equity History and Analysis
Debt Level: 6720 has more cash than its total debt.
Reducing Debt: 6720's debt to equity ratio has increased from 0% to 30.7% over the past 5 years.
Debt Coverage: 6720's debt is well covered by operating cash flow (42%).
Interest Coverage: 6720 earns more interest than it pays, so coverage of interest payments is not a concern.