Elite Material Balance Sheet Health
Financial Health criteria checks 5/6
Elite Material has a total shareholder equity of NT$32.1B and total debt of NT$16.2B, which brings its debt-to-equity ratio to 50.5%. Its total assets and total liabilities are NT$70.2B and NT$38.1B respectively. Elite Material's EBIT is NT$11.1B making its interest coverage ratio 37.6. It has cash and short-term investments of NT$13.6B.
Key information
50.5%
Debt to equity ratio
NT$16.21b
Debt
| Interest coverage ratio | 37.6x |
| Cash | NT$13.60b |
| Equity | NT$32.09b |
| Total liabilities | NT$38.07b |
| Total assets | NT$70.17b |
Recent financial health updates
Recent updates
Investors Shouldn't Be Too Comfortable With Elite Material's (TWSE:2383) Earnings
Nov 06
Elite Material Co., Ltd. (TWSE:2383) Third-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For Next Year
Nov 04Should You Think About Buying Elite Material Co., Ltd. (TWSE:2383) Now?
Oct 31Calculating The Fair Value Of Elite Material Co., Ltd. (TWSE:2383)
Jul 11Is Now The Time To Look At Buying Elite Material Co., Ltd. (TWSE:2383)?
Jun 26Not Many Are Piling Into Elite Material Co., Ltd. (TWSE:2383) Just Yet
Jun 03These 4 Measures Indicate That Elite Material (TWSE:2383) Is Using Debt Reasonably Well
May 21Earnings Update: Elite Material Co., Ltd. (TWSE:2383) Just Reported And Analysts Are Boosting Their Estimates
May 04Do Elite Material's (TWSE:2383) Earnings Warrant Your Attention?
Apr 26Are Investors Undervaluing Elite Material Co., Ltd. (TWSE:2383) By 28%?
Apr 02At NT$421, Is Elite Material Co., Ltd. (TWSE:2383) Worth Looking At Closely?
Mar 22Investors Appear Satisfied With Elite Material Co., Ltd.'s (TWSE:2383) Prospects As Shares Rocket 26%
Feb 26Elite Material Co., Ltd. (TPE:2383) Shares Could Be 23% Below Their Intrinsic Value Estimate
Apr 28Here's Why We Think Elite Material (TPE:2383) Is Well Worth Watching
Apr 04Is Elite Material Co., Ltd. (TPE:2383) A Smart Pick For Income Investors?
Mar 23Elite Material Co., Ltd.'s (TPE:2383) Stock Has Shown A Decent Performance: Have Financials A Role To Play?
Mar 11Why Elite Material Co., Ltd. (TPE:2383) Could Be Worth Watching
Feb 27Financial Position Analysis
Short Term Liabilities: 2383's short term assets (NT$47.4B) exceed its short term liabilities (NT$30.8B).
Long Term Liabilities: 2383's short term assets (NT$47.4B) exceed its long term liabilities (NT$7.3B).
Debt to Equity History and Analysis
Debt Level: 2383's net debt to equity ratio (8.1%) is considered satisfactory.
Reducing Debt: 2383's debt to equity ratio has increased from 24.7% to 50.5% over the past 5 years.
Debt Coverage: 2383's debt is well covered by operating cash flow (29.8%).
Interest Coverage: 2383's interest payments on its debt are well covered by EBIT (37.6x coverage).