Promise Technology Balance Sheet Health
Financial Health criteria checks 6/6
Promise Technology has a total shareholder equity of NT$668.9M and total debt of NT$231.1M, which brings its debt-to-equity ratio to 34.6%. Its total assets and total liabilities are NT$1.1B and NT$435.1M respectively.
Key information
34.6%
Debt to equity ratio
NT$231.12m
Debt
| Interest coverage ratio | n/a |
| Cash | NT$371.51m |
| Equity | NT$668.85m |
| Total liabilities | NT$435.08m |
| Total assets | NT$1.10b |
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
More Unpleasant Surprises Could Be In Store For Promise Technology, Inc.'s (TWSE:3057) Shares After Tumbling 30%
Aug 05Promise 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$792.1M) exceed its short term liabilities (NT$336.7M).
Long Term Liabilities: 3057's short term assets (NT$792.1M) exceed its long term liabilities (NT$98.3M).
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 49.8% to 34.6% 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 16.3% each year