Fortune Information Systems Balance Sheet Health
Financial Health criteria checks 6/6
Fortune Information Systems has a total shareholder equity of NT$1.2B and total debt of NT$40.0M, which brings its debt-to-equity ratio to 3.3%. Its total assets and total liabilities are NT$2.0B and NT$742.5M respectively. Fortune Information Systems's EBIT is NT$70.6M making its interest coverage ratio -21.7. It has cash and short-term investments of NT$213.0M.
Key information
3.3%
Debt to equity ratio
NT$40.00m
Debt
| Interest coverage ratio | -21.7x |
| Cash | NT$213.00m |
| Equity | NT$1.22b |
| Total liabilities | NT$742.48m |
| Total assets | NT$1.96b |
Recent financial health updates
Recent updates
Shareholders Can Be Confident That Fortune Information Systems' (TWSE:2468) Earnings Are High Quality
Apr 04
Fortune Information Systems (TPE:2468) Has More To Do To Multiply In Value Going Forward
Apr 26Fortune Information Systems Corp (TPE:2468) Is Yielding 3.8% - But Is It A Buy?
Mar 16Fortune Information Systems (TPE:2468) Could Easily Take On More Debt
Feb 15What Do The Returns At Fortune Information Systems (TPE:2468) Mean Going Forward?
Jan 19
Is Fortune Information Systems Corp (TPE:2468) A Good Fit For Your Dividend Portfolio?
Dec 15Financial Position Analysis
Short Term Liabilities: 2468's short term assets (NT$1.5B) exceed its short term liabilities (NT$734.4M).
Long Term Liabilities: 2468's short term assets (NT$1.5B) exceed its long term liabilities (NT$8.1M).
Debt to Equity History and Analysis
Debt Level: 2468 has more cash than its total debt.
Reducing Debt: 2468's debt to equity ratio has reduced from 19.1% to 3.3% over the past 5 years.
Debt Coverage: 2468's debt is well covered by operating cash flow (217.8%).
Interest Coverage: 2468 earns more interest than it pays, so coverage of interest payments is not a concern.