Elitegroup Computer SystemsLtd Balance Sheet Health
Financial Health criteria checks 6/6
Elitegroup Computer SystemsLtd has a total shareholder equity of NT$12.1B and total debt of NT$173.4M, which brings its debt-to-equity ratio to 1.4%. Its total assets and total liabilities are NT$23.0B and NT$11.0B respectively. Elitegroup Computer SystemsLtd's EBIT is NT$583.5M making its interest coverage ratio -2. It has cash and short-term investments of NT$11.9B.
Key information
1.4%
Debt to equity ratio
NT$173.41m
Debt
| Interest coverage ratio | -2x |
| Cash | NT$11.86b |
| Equity | NT$12.05b |
| Total liabilities | NT$10.96b |
| Total assets | NT$23.01b |
Recent financial health updates
Is Elitegroup Computer SystemsLtd (TPE:2331) Using Too Much Debt?
Mar 24
Is Elitegroup Computer SystemsLtd (TPE:2331) Using Too Much Debt?
Dec 07Recent updates
Is Elitegroup Computer SystemsLtd (TPE:2331) Using Too Much Debt?
Mar 24Elitegroup Computer Systems Co.,Ltd.'s (TPE:2331) Stock Is Rallying But Financials Look Ambiguous: Will The Momentum Continue?
Mar 03Returns On Capital At Elitegroup Computer SystemsLtd (TPE:2331) Paint A Concerning Picture
Feb 05
Can You Imagine How Elitegroup Computer SystemsLtd's (TPE:2331) Shareholders Feel About The 82% Share Price Increase?
Jan 15Could The Elitegroup Computer Systems Co.,Ltd. (TPE:2331) Ownership Structure Tell Us Something Useful?
Dec 25Is Elitegroup Computer SystemsLtd (TPE:2331) Using Too Much Debt?
Dec 07We're Not So Sure You Should Rely on Elitegroup Computer SystemsLtd's (TPE:2331) Statutory Earnings
Nov 20Financial Position Analysis
Short Term Liabilities: 2331's short term assets (NT$17.1B) exceed its short term liabilities (NT$9.9B).
Long Term Liabilities: 2331's short term assets (NT$17.1B) exceed its long term liabilities (NT$1.1B).
Debt to Equity History and Analysis
Debt Level: 2331 has more cash than its total debt.
Reducing Debt: 2331's debt to equity ratio has reduced from 13.2% to 1.4% over the past 5 years.
Debt Coverage: 2331's debt is well covered by operating cash flow (995.3%).
Interest Coverage: 2331 earns more interest than it pays, so coverage of interest payments is not a concern.