Fositek Balance Sheet Health
Financial Health criteria checks 6/6
Fositek has a total shareholder equity of NT$4.5B and total debt of NT$450.0M, which brings its debt-to-equity ratio to 10%. Its total assets and total liabilities are NT$9.7B and NT$5.2B respectively. Fositek's EBIT is NT$1.0B making its interest coverage ratio -77.1. It has cash and short-term investments of NT$6.2B.
Key information
10.0%
Debt to equity ratio
NT$450.00m
Debt
Interest coverage ratio | -77.1x |
Cash | NT$6.21b |
Equity | NT$4.50b |
Total liabilities | NT$5.19b |
Total assets | NT$9.68b |
Recent financial health updates
No updates
Recent updates
Shareholders Would Enjoy A Repeat Of Fositek's (TWSE:6805) Recent Growth In Returns
Jun 25Fositek Corp.'s (TWSE:6805) Popularity With Investors Is Clear
Jun 04Estimating The Fair Value Of Fositek Corp. (TWSE:6805)
May 09Investors Appear Satisfied With Fositek Corp.'s (TWSE:6805) Prospects As Shares Rocket 38%
Feb 27Robust Earnings May Not Tell The Whole Story For Fositek (GTSM:6805)
Mar 23Can Fositek Corp.'s (GTSM:6805) ROE Continue To Surpass The Industry Average?
Feb 24Financial Position Analysis
Short Term Liabilities: 6805's short term assets (NT$9.1B) exceed its short term liabilities (NT$4.6B).
Long Term Liabilities: 6805's short term assets (NT$9.1B) exceed its long term liabilities (NT$580.8M).
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 12.2% to 10% over the past 5 years.
Debt Coverage: 6805's debt is well covered by operating cash flow (375.7%).
Interest Coverage: 6805 earns more interest than it pays, so coverage of interest payments is not a concern.