Taitien Electronics Balance Sheet Health
Financial Health criteria checks 6/6
Taitien Electronics has a total shareholder equity of NT$1.6B and total debt of NT$150.0M, which brings its debt-to-equity ratio to 9.5%. Its total assets and total liabilities are NT$2.1B and NT$560.9M respectively. Taitien Electronics's EBIT is NT$81.3M making its interest coverage ratio -7.6. It has cash and short-term investments of NT$788.2M.
Key information
9.5%
Debt to equity ratio
NT$150.00m
Debt
Interest coverage ratio | -7.6x |
Cash | NT$788.18m |
Equity | NT$1.58b |
Total liabilities | NT$560.90m |
Total assets | NT$2.14b |
Financial Position Analysis
Short Term Liabilities: 8289's short term assets (NT$1.6B) exceed its short term liabilities (NT$380.9M).
Long Term Liabilities: 8289's short term assets (NT$1.6B) exceed its long term liabilities (NT$180.0M).
Debt to Equity History and Analysis
Debt Level: 8289 has more cash than its total debt.
Reducing Debt: 8289's debt to equity ratio has reduced from 16.5% to 9.5% over the past 5 years.
Debt Coverage: 8289's debt is well covered by operating cash flow (236.4%).
Interest Coverage: 8289 earns more interest than it pays, so coverage of interest payments is not a concern.