Polytronics Technology Balance Sheet Health
Financial Health criteria checks 5/6
Polytronics Technology has a total shareholder equity of NT$2.4B and total debt of NT$1.1B, which brings its debt-to-equity ratio to 44.7%. Its total assets and total liabilities are NT$4.5B and NT$2.1B respectively. Polytronics Technology's EBIT is NT$39.3M making its interest coverage ratio 3.3. It has cash and short-term investments of NT$1.5B.
Key information
44.7%
Debt to equity ratio
NT$1.06b
Debt
| Interest coverage ratio | 3.3x |
| Cash | NT$1.48b |
| Equity | NT$2.37b |
| Total liabilities | NT$2.12b |
| Total assets | NT$4.49b |
Recent financial health updates
Does Polytronics Technology (TWSE:6224) Have A Healthy Balance Sheet?
Nov 01
Does Polytronics Technology (TWSE:6224) Have A Healthy Balance Sheet?
Jul 18Is Polytronics Technology (TPE:6224) Using Too Much Debt?
Jan 11Recent updates
We Think Polytronics Technology's (TWSE:6224) Healthy Earnings Might Be Conservative
Nov 21Does Polytronics Technology (TWSE:6224) Have A Healthy Balance Sheet?
Nov 01Does Polytronics Technology (TWSE:6224) Have A Healthy Balance Sheet?
Jul 18Polytronics Technology (TWSE:6224) Is Posting Promising Earnings But The Good News Doesn’t Stop There
May 21Are Dividend Investors Getting More Than They Bargained For With Polytronics Technology Corporation's (TPE:6224) Dividend?
Mar 17Polytronics Technology (TPE:6224) Has Gifted Shareholders With A Fantastic 152% Total Return On Their Investment
Feb 24Polytronics Technology (TPE:6224) Is Growing Earnings But Are They A Good Guide?
Feb 08Is This A Sign of Things To Come At Polytronics Technology (TPE:6224)?
Jan 25Is Polytronics Technology (TPE:6224) Using Too Much Debt?
Jan 11Polytronics Technology Corporation's (TPE:6224) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects?
Dec 29Calculating The Intrinsic Value Of Polytronics Technology Corporation (TPE:6224)
Dec 11Looking For Steady Income For Your Dividend Portfolio? Is Polytronics Technology Corporation (TPE:6224) A Good Fit?
Nov 24Financial Position Analysis
Short Term Liabilities: 6224's short term assets (NT$2.8B) exceed its short term liabilities (NT$1.4B).
Long Term Liabilities: 6224's short term assets (NT$2.8B) exceed its long term liabilities (NT$742.2M).
Debt to Equity History and Analysis
Debt Level: 6224 has more cash than its total debt.
Reducing Debt: 6224's debt to equity ratio has increased from 3.7% to 44.7% over the past 5 years.
Debt Coverage: 6224's debt is well covered by operating cash flow (35.1%).
Interest Coverage: 6224's interest payments on its debt are well covered by EBIT (3.3x coverage).