Fortune Information Systems Balance Sheet Health
Financial Health criteria checks 5/6
Fortune Information Systems has a total shareholder equity of NT$1.2B and total debt of NT$79.9M, which brings its debt-to-equity ratio to 6.5%. Its total assets and total liabilities are NT$2.0B and NT$785.0M respectively. Fortune Information Systems's EBIT is NT$89.8M making its interest coverage ratio -349.4. It has cash and short-term investments of NT$434.0M.
Key information
6.5%
Debt to equity ratio
NT$79.94m
Debt
| Interest coverage ratio | -349.4x |
| Cash | NT$433.97m |
| Equity | NT$1.23b |
| Total liabilities | NT$785.00m |
| Total assets | NT$2.02b |
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$773.1M).
Long Term Liabilities: 2468's short term assets (NT$1.5B) exceed its long term liabilities (NT$11.9M).
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 increased from 0% to 6.5% over the past 5 years.
Debt Coverage: 2468's debt is well covered by operating cash flow (376.1%).
Interest Coverage: 2468 earns more interest than it pays, so coverage of interest payments is not a concern.