Elite Material Balance Sheet Health
Financial Health criteria checks 5/6
Elite Material has a total shareholder equity of NT$26.0B and total debt of NT$10.6B, which brings its debt-to-equity ratio to 40.9%. Its total assets and total liabilities are NT$59.3B and NT$33.3B respectively. Elite Material's EBIT is NT$9.1B making its interest coverage ratio 41. It has cash and short-term investments of NT$12.6B.
Key information
40.9%
Debt to equity ratio
NT$10.62b
Debt
| Interest coverage ratio | 41x |
| Cash | NT$12.63b |
| Equity | NT$25.96b |
| Total liabilities | NT$33.31b |
| Total assets | NT$59.28b |
Recent financial health updates
Recent updates
Do Elite Material's (TWSE:2383) Earnings Warrant Your Attention?
Apr 26
Are 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 27A Look Into Elite Material's (TPE:2383) Impressive Returns On Capital
Feb 14
Elite Material (TPE:2383) Seems To Use Debt Rather Sparingly
Feb 01Are Investors Undervaluing Elite Material Co., Ltd. (TPE:2383) By 32%?
Jan 19Shareholders Of Elite Material (TPE:2383) Must Be Happy With Their 266% Total Return
Jan 06Does Elite Material (TPE:2383) Deserve A Spot On Your Watchlist?
Dec 24Has Elite Material Co., Ltd.'s (TPE:2383) Impressive Stock Performance Got Anything to Do With Its Fundamentals?
Dec 09Is It Time To Consider Buying Elite Material Co., Ltd. (TPE:2383)?
Nov 26Financial Position Analysis
Short Term Liabilities: 2383's short term assets (NT$38.4B) exceed its short term liabilities (NT$29.8B).
Long Term Liabilities: 2383's short term assets (NT$38.4B) exceed its long term liabilities (NT$3.5B).
Debt to Equity History and Analysis
Debt Level: 2383 has more cash than its total debt.
Reducing Debt: 2383's debt to equity ratio has increased from 21.8% to 40.9% over the past 5 years.
Debt Coverage: 2383's debt is well covered by operating cash flow (24.4%).
Interest Coverage: 2383's interest payments on its debt are well covered by EBIT (41x coverage).