Fositek Balance Sheet Health
Financial Health criteria checks 6/6
Fositek has a total shareholder equity of NT$4.6B and total debt of NT$410.0M, which brings its debt-to-equity ratio to 8.9%. Its total assets and total liabilities are NT$8.9B and NT$4.3B respectively. Fositek's EBIT is NT$880.7M making its interest coverage ratio -1475.2. It has cash and short-term investments of NT$5.9B.
Key information
8.9%
Debt to equity ratio
NT$410.00m
Debt
Interest coverage ratio | -1475.2x |
Cash | NT$5.90b |
Equity | NT$4.60b |
Total liabilities | NT$4.33b |
Total assets | NT$8.93b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 6805's short term assets (NT$8.5B) exceed its short term liabilities (NT$3.8B).
Long Term Liabilities: 6805's short term assets (NT$8.5B) exceed its long term liabilities (NT$504.5M).
Debt to Equity History and Analysis
Debt Level: 6805 has more cash than its total debt.
Reducing Debt: 6805's debt to equity ratio has reduced from 11.6% to 8.9% over the past 5 years.
Debt Coverage: 6805's debt is well covered by operating cash flow (297.2%).
Interest Coverage: 6805 earns more interest than it pays, so coverage of interest payments is not a concern.