Elite Advanced Laser Balance Sheet Health
Financial Health criteria checks 6/6
Elite Advanced Laser has a total shareholder equity of NT$6.0B and total debt of NT$205.0M, which brings its debt-to-equity ratio to 3.4%. Its total assets and total liabilities are NT$8.9B and NT$3.0B respectively. Elite Advanced Laser's EBIT is NT$189.0M making its interest coverage ratio -5.4. It has cash and short-term investments of NT$2.0B.
Key information
3.4%
Debt to equity ratio
NT$205.00m
Debt
| Interest coverage ratio | -5.4x |
| Cash | NT$1.98b |
| Equity | NT$5.96b |
| Total liabilities | NT$2.99b |
| Total assets | NT$8.94b |
Recent financial health updates
Recent updates
Elite Advanced Laser Corporation (TWSE:3450) Held Back By Insufficient Growth Even After Shares Climb 30%
Feb 26
Elite Advanced Laser Corporation's (TWSE:3450) Shares Bounce 30% But Its Business Still Trails The Industry
Feb 26Is There An Opportunity With Elite Advanced Laser Corporation's (TPE:3450) 48% Undervaluation?
Mar 15Are Dividend Investors Making A Mistake With Elite Advanced Laser Corporation (TPE:3450)?
Mar 01Elite Advanced Laser (TPE:3450) Seems To Use Debt Rather Sparingly
Feb 15The Returns At Elite Advanced Laser (TPE:3450) Provide Us With Signs Of What's To Come
Jan 30
Is Elite Advanced Laser Corporation's (TPE:3450) Recent Stock Performance Influenced By Its Financials In Any Way?
Jan 15Should You Think About Buying Elite Advanced Laser Corporation (TPE:3450) Now?
Dec 30How Much Did Elite Advanced Laser's(TPE:3450) Shareholders Earn From Share Price Movements Over The Last Three Years?
Dec 15Tread With Caution Around Elite Advanced Laser Corporation's (TPE:3450) 1.4% Dividend Yield
Nov 23Financial Position Analysis
Short Term Liabilities: 3450's short term assets (NT$4.0B) exceed its short term liabilities (NT$1.9B).
Long Term Liabilities: 3450's short term assets (NT$4.0B) exceed its long term liabilities (NT$1.1B).
Debt to Equity History and Analysis
Debt Level: 3450 has more cash than its total debt.
Reducing Debt: 3450's debt to equity ratio has reduced from 4.3% to 3.4% over the past 5 years.
Debt Coverage: 3450's debt is well covered by operating cash flow (339.2%).
Interest Coverage: 3450 earns more interest than it pays, so coverage of interest payments is not a concern.