Promise Technology Balance Sheet Health
Financial Health criteria checks 6/6
Promise Technology has a total shareholder equity of NT$736.0M and total debt of NT$234.5M, which brings its debt-to-equity ratio to 31.9%. Its total assets and total liabilities are NT$1.2B and NT$428.1M respectively.
Key information
31.9%
Debt to equity ratio
NT$234.50m
Debt
| Interest coverage ratio | n/a |
| Cash | NT$374.15m |
| Equity | NT$735.97m |
| Total liabilities | NT$428.07m |
| Total assets | NT$1.16b |
Recent financial health updates
Promise Technology (TPE:3057) Has Debt But No Earnings; Should You Worry?
Apr 12
Would Promise Technology (TPE:3057) Be Better Off With Less Debt?
Dec 28
Recent updates
Promise Technology, Inc.'s (TWSE:3057) 28% Share Price Surge Not Quite Adding Up
Jun 05Promise Technology, Inc. (TWSE:3057) Investors Are Less Pessimistic Than Expected
Mar 13Promise Technology (TPE:3057) Has Debt But No Earnings; Should You Worry?
Apr 12Would Promise Technology (TPE:3057) Be Better Off With Less Debt?
Dec 28Financial Position Analysis
Short Term Liabilities: 3057's short term assets (NT$866.5M) exceed its short term liabilities (NT$347.2M).
Long Term Liabilities: 3057's short term assets (NT$866.5M) exceed its long term liabilities (NT$80.9M).
Debt to Equity History and Analysis
Debt Level: 3057 has more cash than its total debt.
Reducing Debt: 3057's debt to equity ratio has reduced from 45% to 31.9% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: 3057 has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: 3057 has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 28.7% each year