Elite Material Balance Sheet Health
Financial Health criteria checks 5/6
Elite Material has a total shareholder equity of NT$35.1B and total debt of NT$16.6B, which brings its debt-to-equity ratio to 47.2%. Its total assets and total liabilities are NT$76.1B and NT$41.0B respectively. Elite Material's EBIT is NT$12.2B making its interest coverage ratio 38.5. It has cash and short-term investments of NT$15.0B.
Key information
47.2%
Debt to equity ratio
NT$16.55b
Debt
| Interest coverage ratio | 38.5x |
| Cash | NT$14.99b |
| Equity | NT$35.09b |
| Total liabilities | NT$40.99b |
| Total assets | NT$76.08b |
Recent financial health updates
Is Elite Material (TWSE:2383) A Risky Investment?
Feb 16
These 4 Measures Indicate That Elite Material (TWSE:2383) Is Using Debt Reasonably Well
May 21Recent updates
Is Now The Time To Put Elite Material (TWSE:2383) On Your Watchlist?
Apr 01Sentiment Still Eluding Elite Material Co., Ltd. (TWSE:2383)
Mar 17Bullish: Analysts Just Made A Significant Upgrade To Their Elite Material Co., Ltd. (TWSE:2383) Forecasts
Feb 28Is Elite Material (TWSE:2383) A Risky Investment?
Feb 16An Intrinsic Calculation For Elite Material Co., Ltd. (TWSE:2383) Suggests It's 38% Undervalued
Feb 03If EPS Growth Is Important To You, Elite Material (TWSE:2383) Presents An Opportunity
Dec 31There's Reason For Concern Over Elite Material Co., Ltd.'s (TWSE:2383) Massive 25% Price Jump
Dec 04Capital Investments At Elite Material (TWSE:2383) Point To A Promising Future
Nov 29Investors Shouldn't Be Too Comfortable With Elite Material's (TWSE:2383) Earnings
Nov 06Elite 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 26Financial Position Analysis
Short Term Liabilities: 2383's short term assets (NT$51.5B) exceed its short term liabilities (NT$30.2B).
Long Term Liabilities: 2383's short term assets (NT$51.5B) exceed its long term liabilities (NT$10.8B).
Debt to Equity History and Analysis
Debt Level: 2383's net debt to equity ratio (4.5%) is considered satisfactory.
Reducing Debt: 2383's debt to equity ratio has increased from 23% to 47.2% over the past 5 years.
Debt Coverage: 2383's debt is well covered by operating cash flow (43.9%).
Interest Coverage: 2383's interest payments on its debt are well covered by EBIT (38.5x coverage).
Balance Sheet
Discover healthy companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/04/25 15:14 |
| End of Day Share Price | 2025/04/25 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 |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* 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
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
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
Elite Material Co., Ltd. is covered by 22 analysts. 11 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 |
|---|---|
| Skye Chen | Aletheia Analyst Network Limited |
| Warren Lau | Aletheia Analyst Network Limited |
| Mike Yang | BofA Global Research |