Elite Material Balance Sheet Health
Financial Health criteria checks 5/6
Elite Material has a total shareholder equity of NT$28.6B and total debt of NT$12.6B, which brings its debt-to-equity ratio to 44%. Its total assets and total liabilities are NT$65.2B and NT$36.5B respectively. Elite Material's EBIT is NT$10.4B making its interest coverage ratio 41.2. It has cash and short-term investments of NT$13.5B.
Key information
44.0%
Debt to equity ratio
NT$12.60b
Debt
| Interest coverage ratio | 41.2x |
| Cash | NT$13.51b |
| Equity | NT$28.64b |
| Total liabilities | NT$36.54b |
| Total assets | NT$65.18b |
Recent financial health updates
These 4 Measures Indicate That Elite Material (TWSE:2383) Is Using Debt Reasonably Well
May 21
Elite Material (TPE:2383) Seems To Use Debt Rather Sparingly
Feb 01
Recent updates
Calculating 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 27A Look Into Elite Material's (TPE:2383) Impressive Returns On Capital
Feb 14Elite Material (TPE:2383) Seems To Use Debt Rather Sparingly
Feb 01Financial Position Analysis
Short Term Liabilities: 2383's short term assets (NT$43.3B) exceed its short term liabilities (NT$32.8B).
Long Term Liabilities: 2383's short term assets (NT$43.3B) exceed its long term liabilities (NT$3.8B).
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 21.2% to 44% over the past 5 years.
Debt Coverage: 2383's debt is well covered by operating cash flow (33.3%).
Interest Coverage: 2383's interest payments on its debt are well covered by EBIT (41.2x coverage).