United Microelectronics Balance Sheet Health
Financial Health criteria checks 6/6
United Microelectronics has a total shareholder equity of NT$359.6B and total debt of NT$74.8B, which brings its debt-to-equity ratio to 20.8%. Its total assets and total liabilities are NT$559.2B and NT$199.6B respectively. United Microelectronics's EBIT is NT$57.6B making its interest coverage ratio -17.1. It has cash and short-term investments of NT$144.9B.
Key information
20.8%
Debt to equity ratio
NT$74.77b
Debt
| Interest coverage ratio | -17.1x |
| Cash | NT$144.88b |
| Equity | NT$359.58b |
| Total liabilities | NT$199.61b |
| Total assets | NT$559.19b |
Financial Position Analysis
Short Term Liabilities: 2303's short term assets (NT$216.8B) exceed its short term liabilities (NT$99.0B).
Long Term Liabilities: 2303's short term assets (NT$216.8B) exceed its long term liabilities (NT$100.6B).
Debt to Equity History and Analysis
Debt Level: 2303 has more cash than its total debt.
Reducing Debt: 2303's debt to equity ratio has reduced from 41.3% to 20.8% over the past 5 years.
Debt Coverage: 2303's debt is well covered by operating cash flow (115%).
Interest Coverage: 2303 earns more interest than it pays, so coverage of interest payments is not a concern.