Ushine Photonics Balance Sheet Health
Financial Health criteria checks 5/6
Ushine Photonics has a total shareholder equity of NT$500.4M and total debt of NT$234.8M, which brings its debt-to-equity ratio to 46.9%. Its total assets and total liabilities are NT$802.9M and NT$302.5M respectively. Ushine Photonics's EBIT is NT$13.7M making its interest coverage ratio -2. It has cash and short-term investments of NT$308.2M.
Key information
46.9%
Debt to equity ratio
NT$234.83m
Debt
| Interest coverage ratio | -2x |
| Cash | NT$308.24m |
| Equity | NT$500.41m |
| Total liabilities | NT$302.48m |
| Total assets | NT$802.89m |
Financial Position Analysis
Short Term Liabilities: 3678's short term assets (NT$464.0M) exceed its short term liabilities (NT$125.5M).
Long Term Liabilities: 3678's short term assets (NT$464.0M) exceed its long term liabilities (NT$177.0M).
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 99.5% to 46.9% over the past 5 years.
Debt Coverage: 3678's debt is not well covered by operating cash flow (16%).
Interest Coverage: 3678 earns more interest than it pays, so coverage of interest payments is not a concern.