Fositek Balance Sheet Health
Financial Health criteria checks 6/6
Fositek has a total shareholder equity of NT$4.8B and total debt of NT$420.0M, which brings its debt-to-equity ratio to 8.8%. Its total assets and total liabilities are NT$9.7B and NT$4.9B respectively. Fositek's EBIT is NT$1.1B making its interest coverage ratio -43.1. It has cash and short-term investments of NT$6.9B.
Key information
8.8%
Debt to equity ratio
NT$420.00m
Debt
| Interest coverage ratio | -43.1x |
| Cash | NT$6.91b |
| Equity | NT$4.78b |
| Total liabilities | NT$4.89b |
| Total assets | NT$9.67b |
Recent financial health updates
No updates
Recent updates
Results: Fositek Corp. Exceeded Expectations And The Consensus Has Updated Its Estimates
Aug 14
Analyst Forecasts Just Became More Bearish On Fositek Corp. (TWSE:6805)
Aug 13An Intrinsic Calculation For Fositek Corp. (TWSE:6805) Suggests It's 20% Undervalued
Aug 09Shareholders 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$8.9B) exceed its short term liabilities (NT$4.3B).
Long Term Liabilities: 6805's short term assets (NT$8.9B) exceed its long term liabilities (NT$600.9M).
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 12.7% to 8.8% over the past 5 years.
Debt Coverage: 6805's debt is well covered by operating cash flow (502.3%).
Interest Coverage: 6805 earns more interest than it pays, so coverage of interest payments is not a concern.