Bright LED Electronics Balance Sheet Health
Financial Health criteria checks 6/6
Bright LED Electronics has a total shareholder equity of NT$3.0B and total debt of NT$60.0M, which brings its debt-to-equity ratio to 2%. Its total assets and total liabilities are NT$3.7B and NT$652.3M respectively. Bright LED Electronics's EBIT is NT$103.2M making its interest coverage ratio -3.4. It has cash and short-term investments of NT$805.1M.
Key information
2.0%
Debt to equity ratio
NT$60.00m
Debt
| Interest coverage ratio | -3.4x |
| Cash | NT$805.09m |
| Equity | NT$3.05b |
| Total liabilities | NT$652.27m |
| Total assets | NT$3.70b |
Recent financial health updates
Is Bright LED Electronics (TWSE:3031) A Risky Investment?
Aug 09
Is Bright LED Electronics (TPE:3031) A Risky Investment?
Mar 23Bright LED Electronics (TPE:3031) Has A Rock Solid Balance Sheet
Dec 15
Recent updates
Is Bright LED Electronics (TWSE:3031) A Risky Investment?
Aug 09Bright LED Electronics (TWSE:3031) Is Paying Out Less In Dividends Than Last Year
Jul 05Should You Buy Bright LED Electronics Corp. (TPE:3031) For Its Dividend?
Apr 22A Look At The Intrinsic Value Of Bright LED Electronics Corp. (TPE:3031)
Apr 07Is Bright LED Electronics (TPE:3031) A Risky Investment?
Mar 23Bright LED Electronics Corp. (TPE:3031) On An Uptrend: Could Fundamentals Be Driving The Stock?
Mar 05What Can The Trends At Bright LED Electronics (TPE:3031) Tell Us About Their Returns?
Feb 14Did You Participate In Any Of Bright LED Electronics' (TPE:3031) Fantastic 116% Return ?
Jan 27Is Bright LED Electronics Corp. (TPE:3031) The Right Choice For A Smart Dividend Investor?
Jan 09Bright LED Electronics (TPE:3031) Has A Rock Solid Balance Sheet
Dec 15Bright LED Electronics Corp.'s (TPE:3031) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?
Nov 27Financial Position Analysis
Short Term Liabilities: 3031's short term assets (NT$1.9B) exceed its short term liabilities (NT$566.1M).
Long Term Liabilities: 3031's short term assets (NT$1.9B) exceed its long term liabilities (NT$86.1M).
Debt to Equity History and Analysis
Debt Level: 3031 has more cash than its total debt.
Reducing Debt: 3031's debt to equity ratio has reduced from 2.4% to 2% over the past 5 years.
Debt Coverage: 3031's debt is well covered by operating cash flow (304.9%).
Interest Coverage: 3031 earns more interest than it pays, so coverage of interest payments is not a concern.