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 9.4%. Its total assets and total liabilities are NT$2.2B and NT$632.0M respectively. Taitien Electronics's EBIT is NT$7.9M making its interest coverage ratio -0.6. It has cash and short-term investments of NT$845.7M.
Key information
9.4%
Debt to equity ratio
NT$150.00m
Debt
| Interest coverage ratio | -0.6x |
| Cash | NT$845.72m |
| Equity | NT$1.59b |
| Total liabilities | NT$631.98m |
| Total assets | NT$2.22b |
Financial Position Analysis
Short Term Liabilities: 8289's short term assets (NT$1.6B) exceed its short term liabilities (NT$458.6M).
Long Term Liabilities: 8289's short term assets (NT$1.6B) exceed its long term liabilities (NT$173.4M).
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 19.2% to 9.4% over the past 5 years.
Debt Coverage: 8289's debt is well covered by operating cash flow (168.7%).
Interest Coverage: 8289 earns more interest than it pays, so coverage of interest payments is not a concern.