Co-Tech Development Balance Sheet Health
Financial Health criteria checks 5/6
Co-Tech Development has a total shareholder equity of NT$6.3B and total debt of NT$1.7B, which brings its debt-to-equity ratio to 26.8%. Its total assets and total liabilities are NT$8.7B and NT$2.4B respectively. Co-Tech Development's EBIT is NT$1.1B making its interest coverage ratio 118.6. It has cash and short-term investments of NT$2.0B.
Key information
26.8%
Debt to equity ratio
NT$1.70b
Debt
| Interest coverage ratio | 118.6x |
| Cash | NT$1.96b |
| Equity | NT$6.33b |
| Total liabilities | NT$2.42b |
| Total assets | NT$8.75b |
Recent financial health updates
Recent updates
Should You Buy Co-Tech Development Corporation (GTSM:8358) For Its Dividend?
Mar 25
What Do The Returns At Co-Tech Development (GTSM:8358) Mean Going Forward?
Feb 11Co-Tech Development (GTSM:8358) Has A Rock Solid Balance Sheet
Jan 14Did You Participate In Any Of Co-Tech Development's (GTSM:8358) Incredible 507% Return?
Dec 16Should You Buy Co-Tech Development Corporation (GTSM:8358) For Its Dividend?
Nov 18Financial Position Analysis
Short Term Liabilities: 8358's short term assets (NT$4.5B) exceed its short term liabilities (NT$2.4B).
Long Term Liabilities: 8358's short term assets (NT$4.5B) exceed its long term liabilities (NT$37.5M).
Debt to Equity History and Analysis
Debt Level: 8358 has more cash than its total debt.
Reducing Debt: 8358's debt to equity ratio has increased from 23.6% to 26.8% over the past 5 years.
Debt Coverage: 8358's debt is well covered by operating cash flow (33.7%).
Interest Coverage: 8358's interest payments on its debt are well covered by EBIT (118.6x coverage).