InnoCare Optoelectronics Balance Sheet Health
Financial Health criteria checks 4/6
InnoCare Optoelectronics has a total shareholder equity of NT$1.3B and total debt of NT$100.0M, which brings its debt-to-equity ratio to 7.6%. Its total assets and total liabilities are NT$2.3B and NT$1.0B respectively. InnoCare Optoelectronics's EBIT is NT$13.9M making its interest coverage ratio -1. It has cash and short-term investments of NT$651.0M.
Key information
7.6%
Debt to equity ratio
NT$100.00m
Debt
| Interest coverage ratio | -1x |
| Cash | NT$651.05m |
| Equity | NT$1.32b |
| Total liabilities | NT$1.02b |
| Total assets | NT$2.34b |
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$841.0M).
Long Term Liabilities: 6861's short term assets (NT$2.0B) exceed its long term liabilities (NT$174.9M).
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 operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 6861 earns more interest than it pays, so coverage of interest payments is not a concern.