What is Taiwan Surface Mounting Technology Financial Strength?
Taiwan Surface Mounting Technology has the Financial Strength Rank of 6.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:
1. The debt burden that the company has as measured by its
Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3.
Altman Z-Score.
Taiwan Surface Mounting Technology's Interest Coverage for the quarter that ended in Mar. 2024 was 14.15.
Taiwan Surface Mounting Technology's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.18.
As of today, Taiwan Surface Mounting Technology's Altman Z-Score is 2.48.
Competitive Comparison of Taiwan Surface Mounting Technology's Financial Strength
For the Semiconductors subindustry, Taiwan Surface Mounting Technology's Financial Strength, along with its competitors' market caps and Financial Strength data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Taiwan Surface Mounting Technology's Financial Strength Distribution in the Semiconductors Industry
For the Semiconductors industry and Technology sector, Taiwan Surface Mounting Technology's Financial Strength distribution charts can be found below:
* The bar in red indicates where Taiwan Surface Mounting Technology's Financial Strength falls into.
Taiwan Surface Mounting Technology Financial Strength Calculation
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
Taiwan Surface Mounting Technology's Interest Expense for the
months ended in Mar. 2024 was NT$-43 Mil. Its Operating Income for the
months ended in Mar. 2024 was NT$608 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$3,009 Mil.
Taiwan Surface Mounting Technology's Interest Coverage for the quarter that ended in Mar. 2024 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Taiwan Surface Mounting Technology's Debt to Revenue Ratio for the quarter that ended in Mar. 2024 is
3. Altman Z-Score.
Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
The zones of discrimination were as such:
When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.
Taiwan Surface Mounting Technology has a Z-score of 2.48, indicating it is in Grey Zones. This implies that Taiwan Surface Mounting Technology is in some kind of financial stress. If it is below 1.81, the company may faces bankrupcy risk.
Warning Sign:
Altman Z-score of 2.48 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Taiwan Surface Mounting Technology (TPE:6278) Business Description
Traded in Other Exchanges
N/A
Address
No. 437, Taoying Road, Taoyuan District, Dalinli, Taoyuan, TWN, 330
Taiwan Surface Mounting Technology Corp is mainly engaged in the design, processing, manufacturing, and trading of TFT-LCD panels, general electronic information products, and PCB surface mount packaging. Geographically company generates a majority of its revenue from Mainland China followed by Taiwan, Asia, the United States, Europe, and others. Applications for the company's surface-mount technology include mobile phones, laptops, notebooks, televisions, digital cameras, power supply control boards, and inverter control boards. It also produces touch-panel control boards and micro projector control boards, along with backlighting bars for use in computers, televisions, and portable electronics.
Taiwan Surface Mounting Technology (TPE:6278) Headlines
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