United Renewable Energy Balance Sheet Health
Financial Health criteria checks 5/6
United Renewable Energy has a total shareholder equity of NT$11.8B and total debt of NT$12.2B, which brings its debt-to-equity ratio to 103.4%. Its total assets and total liabilities are NT$30.3B and NT$18.5B respectively.
Key information
103.4%
Debt to equity ratio
NT$12.24b
Debt
| Interest coverage ratio | n/a |
| Cash | NT$6.51b |
| Equity | NT$11.84b |
| Total liabilities | NT$18.50b |
| Total assets | NT$30.33b |
Recent financial health updates
United Renewable Energy (TWSE:3576) Is Making Moderate Use Of Debt
Aug 08
United Renewable Energy (TPE:3576) Is Carrying A Fair Bit Of Debt
Apr 27Is United Renewable Energy (TPE:3576) Using Too Much Debt?
Dec 31
Recent updates
United Renewable Energy Co., Ltd.'s (TWSE:3576) Low P/S No Reason For Excitement
Nov 13United Renewable Energy (TWSE:3576) Is Making Moderate Use Of Debt
Aug 08United Renewable Energy Co., Ltd. (TWSE:3576) Held Back By Insufficient Growth Even After Shares Climb 26%
Jul 03United Renewable Energy (TPE:3576) Is Carrying A Fair Bit Of Debt
Apr 27Estimating The Fair Value Of United Renewable Energy Co., Ltd. (TPE:3576)
Apr 01Why United Renewable Energy Co., Ltd. (TPE:3576) Could Be Worth Watching
Mar 04Did United Renewable Energy's (TPE:3576) Share Price Deserve to Gain 60%?
Jan 27Is United Renewable Energy (TPE:3576) Using Too Much Debt?
Dec 31Calculating The Intrinsic Value Of United Renewable Energy Co., Ltd. (TPE:3576)
Nov 26Financial Position Analysis
Short Term Liabilities: 3576's short term assets (NT$12.1B) exceed its short term liabilities (NT$10.2B).
Long Term Liabilities: 3576's short term assets (NT$12.1B) exceed its long term liabilities (NT$8.3B).
Debt to Equity History and Analysis
Debt Level: 3576's net debt to equity ratio (48.4%) is considered high.
Reducing Debt: 3576's debt to equity ratio has reduced from 105.8% to 103.4% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable 3576 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 3576 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 26.5% per year.