Co-Tech Development Balance Sheet Health
Financial Health criteria checks 6/6
Co-Tech Development has a total shareholder equity of NT$6.0B and total debt of NT$1.1B, which brings its debt-to-equity ratio to 17.7%. Its total assets and total liabilities are NT$7.9B and NT$1.9B respectively. Co-Tech Development's EBIT is NT$690.6M making its interest coverage ratio -209.5. It has cash and short-term investments of NT$1.6B.
Key information
17.7%
Debt to equity ratio
NT$1.06b
Debt
| Interest coverage ratio | -209.5x |
| Cash | NT$1.55b |
| Equity | NT$5.98b |
| Total liabilities | NT$1.92b |
| Total assets | NT$7.91b |
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$3.9B) exceed its short term liabilities (NT$1.9B).
Long Term Liabilities: 8358's short term assets (NT$3.9B) exceed its long term liabilities (NT$55.3M).
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 reduced from 19.7% to 17.7% over the past 5 years.
Debt Coverage: 8358's debt is well covered by operating cash flow (64.4%).
Interest Coverage: 8358 earns more interest than it pays, so coverage of interest payments is not a concern.