RITEK Balance Sheet Health
Financial Health criteria checks 5/6
RITEK has a total shareholder equity of NT$10.7B and total debt of NT$6.6B, which brings its debt-to-equity ratio to 61.7%. Its total assets and total liabilities are NT$19.7B and NT$9.0B respectively.
Key information
61.7%
Debt to equity ratio
NT$6.59b
Debt
| Interest coverage ratio | n/a |
| Cash | NT$4.95b |
| Equity | NT$10.69b |
| Total liabilities | NT$8.97b |
| Total assets | NT$19.66b |
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$8.6B) exceed its short term liabilities (NT$5.4B).
Long Term Liabilities: 2349's short term assets (NT$8.6B) exceed its long term liabilities (NT$3.6B).
Debt to Equity History and Analysis
Debt Level: 2349's net debt to equity ratio (15.4%) is considered satisfactory.
Reducing Debt: 2349's debt to equity ratio has increased from 59.9% to 61.7% 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: Whilst unprofitable 2349 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 2349 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 35.8% per year.