Promate ElectronicLtd Balance Sheet Health
Financial Health criteria checks 4/6
Promate ElectronicLtd has a total shareholder equity of NT$6.5B and total debt of NT$4.3B, which brings its debt-to-equity ratio to 66.8%. Its total assets and total liabilities are NT$18.1B and NT$11.7B respectively. Promate ElectronicLtd's EBIT is NT$1.5B making its interest coverage ratio 9.1. It has cash and short-term investments of NT$2.7B.
Key information
66.8%
Debt to equity ratio
NT$4.33b
Debt
Interest coverage ratio | 9.1x |
Cash | NT$2.71b |
Equity | NT$6.48b |
Total liabilities | NT$11.66b |
Total assets | NT$18.14b |
Recent financial health updates
Recent updates
Should You Be Adding Promate ElectronicLtd (TWSE:6189) To Your Watchlist Today?
Jul 22Promate ElectronicLtd (TWSE:6189) Knows How To Allocate Capital
Jul 01Subdued Growth No Barrier To Promate Electronic Co.,Ltd. (TWSE:6189) With Shares Advancing 31%
Apr 14Promate Electronic Co.,Ltd.'s (TWSE:6189) Price Is Right But Growth Is Lacking After Shares Rocket 36%
Feb 27Should You Be Adding Promate ElectronicLtd (TPE:6189) To Your Watchlist Today?
Apr 01Is Promate ElectronicLtd (TPE:6189) Likely To Turn Things Around?
Mar 09Promate Electronic Co.,Ltd. (TPE:6189) Investors Should Think About This Before Buying It For Its Dividend
Feb 15Promate Electronic Co.,Ltd.'s (TPE:6189) Stock Has Shown Weakness Lately But Financial Prospects Look Decent: Is The Market Wrong?
Jan 26Shareholders Of Promate ElectronicLtd (TPE:6189) Must Be Happy With Their 52% Return
Jan 05Here's Why Promate ElectronicLtd (TPE:6189) Can Manage Its Debt Responsibly
Dec 15Has Promate ElectronicLtd (TPE:6189) Got What It Takes To Become A Multi-Bagger?
Nov 27Financial Position Analysis
Short Term Liabilities: 6189's short term assets (NT$16.4B) exceed its short term liabilities (NT$10.8B).
Long Term Liabilities: 6189's short term assets (NT$16.4B) exceed its long term liabilities (NT$828.9M).
Debt to Equity History and Analysis
Debt Level: 6189's net debt to equity ratio (25%) is considered satisfactory.
Reducing Debt: 6189's debt to equity ratio has increased from 49.1% to 66.8% over the past 5 years.
Debt Coverage: 6189's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 6189's interest payments on its debt are well covered by EBIT (9.1x coverage).