Ushine Photonics Balance Sheet Health
Financial Health criteria checks 6/6
Ushine Photonics has a total shareholder equity of NT$503.3M and total debt of NT$244.5M, which brings its debt-to-equity ratio to 48.6%. Its total assets and total liabilities are NT$793.0M and NT$289.7M respectively. Ushine Photonics's EBIT is NT$8.2M making its interest coverage ratio -0.8. It has cash and short-term investments of NT$329.1M.
Key information
48.6%
Debt to equity ratio
NT$244.52m
Debt
| Interest coverage ratio | -0.8x |
| Cash | NT$329.13m |
| Equity | NT$503.32m |
| Total liabilities | NT$289.70m |
| Total assets | NT$793.03m |
Financial Position Analysis
Short Term Liabilities: 3678's short term assets (NT$470.5M) exceed its short term liabilities (NT$93.6M).
Long Term Liabilities: 3678's short term assets (NT$470.5M) exceed its long term liabilities (NT$196.1M).
Debt to Equity History and Analysis
Debt Level: 3678 has more cash than its total debt.
Reducing Debt: 3678's debt to equity ratio has reduced from 85.3% to 48.6% over the past 5 years.
Debt Coverage: 3678's debt is well covered by operating cash flow (26.4%).
Interest Coverage: 3678 earns more interest than it pays, so coverage of interest payments is not a concern.