InnoCare Optoelectronics Balance Sheet Health
Financial Health criteria checks 5/6
InnoCare Optoelectronics has a total shareholder equity of NT$1.3B and total debt of NT$170.0M, which brings its debt-to-equity ratio to 13.2%. Its total assets and total liabilities are NT$2.3B and NT$983.7M respectively. InnoCare Optoelectronics's EBIT is NT$31.2M making its interest coverage ratio -2.1. It has cash and short-term investments of NT$671.7M.
Key information
13.2%
Debt to equity ratio
NT$170.00m
Debt
Interest coverage ratio | -2.1x |
Cash | NT$671.66m |
Equity | NT$1.28b |
Total liabilities | NT$983.71m |
Total assets | NT$2.27b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 6861's short term assets (NT$2.0B) exceed its short term liabilities (NT$893.5M).
Long Term Liabilities: 6861's short term assets (NT$2.0B) exceed its long term liabilities (NT$90.3M).
Debt to Equity History and Analysis
Debt Level: 6861 has more cash than its total debt.
Reducing Debt: Insufficient data to determine if 6861's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 6861's debt is well covered by operating cash flow (64.2%).
Interest Coverage: 6861 earns more interest than it pays, so coverage of interest payments is not a concern.