RITEK Balance Sheet Health
Financial Health criteria checks 4/6
RITEK has a total shareholder equity of NT$9.6B and total debt of NT$5.2B, which brings its debt-to-equity ratio to 53.6%. Its total assets and total liabilities are NT$17.0B and NT$7.4B respectively.
Key information
53.6%
Debt to equity ratio
NT$5.17b
Debt
| Interest coverage ratio | n/a |
| Cash | NT$4.27b |
| Equity | NT$9.65b |
| Total liabilities | NT$7.40b |
| Total assets | NT$17.04b |
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's (TWSE:2349) Profits May Not Reveal Underlying Issues
Mar 31RITEK (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$7.9B) exceed its short term liabilities (NT$4.2B).
Long Term Liabilities: 2349's short term assets (NT$7.9B) exceed its long term liabilities (NT$3.2B).
Debt to Equity History and Analysis
Debt Level: 2349's net debt to equity ratio (9.3%) is considered satisfactory.
Reducing Debt: 2349's debt to equity ratio has reduced from 69.9% to 53.6% over the past 5 years.
Debt Coverage: 2349's debt is not well covered by operating cash flow (16.8%).
Interest Coverage: Insufficient data to determine if 2349's interest payments on its debt are well covered by EBIT.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/04/24 01:06 |
| End of Day Share Price | 2025/04/24 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
RITEK Corporation is covered by 3 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Qing Rong Lin | E.Sun Securities Investment Consulting Co. Ltd. |
| Clement Wu | SinoPac Securities Investment Service |
| Harshal Moholkar | Virtua Research Inc. |