RITEK Balance Sheet Health
Financial Health criteria checks 6/6
RITEK has a total shareholder equity of NT$8.9B and total debt of NT$4.9B, which brings its debt-to-equity ratio to 54.4%. Its total assets and total liabilities are NT$15.5B and NT$6.6B respectively.
Key information
54.4%
Debt to equity ratio
NT$4.86b
Debt
| Interest coverage ratio | n/a |
| Cash | NT$3.50b |
| Equity | NT$8.94b |
| Total liabilities | NT$6.56b |
| Total assets | NT$15.49b |
Recent financial health updates
RITEK (TWSE:2349) Is Making Moderate Use Of Debt
Aug 11
Would RITEK (TPE:2349) Be Better Off With Less Debt?
Dec 28Recent updates
RITEK (TWSE:2349) Is Making Moderate Use Of Debt
Aug 11RITEK Corporation's (TWSE:2349) Price Is Right But Growth Is Lacking After Shares Rocket 27%
May 31RITEK's (TPE:2349) Stock Price Has Reduced 25% In The Past Three Years
Feb 21Would RITEK (TPE:2349) Be Better Off With Less Debt?
Dec 28A Look At RITEK's (TPE:2349) Share Price Returns
Nov 23Financial Position Analysis
Short Term Liabilities: 2349's short term assets (NT$7.0B) exceed its short term liabilities (NT$3.9B).
Long Term Liabilities: 2349's short term assets (NT$7.0B) exceed its long term liabilities (NT$2.6B).
Debt to Equity History and Analysis
Debt Level: 2349's net debt to equity ratio (15.2%) is considered satisfactory.
Reducing Debt: 2349's debt to equity ratio has reduced from 59.8% to 54.4% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: 2349 has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: 2349 has sufficient cash runway for 2.4 years if free cash flow continues to grow at historical rates of 20.7% each year.