Horng Yu Electric Co Ltd

Horng Yu Electric Co Ltd maintains a debt-to-equity ratio of 0.81, indicating a moderate reliance on debt financing, while its current ratio of 1.23 suggests adequate short-term liquidity to cover immediate obligations. The company's free cash flow of TWD 176,964,000 and operating cash flow of TWD 212,548,000 support its liquidity position, though its net cash position is negative after subtracting total debt. The company's profitability is reflected in a return on equity (ROE) of 22.71% and a return on assets (ROA) of 7.64%, both of which exceed the industry median for Electrical Components & Equipment firms. These metrics indicate strong capital efficiency and asset utilization. Gross profit of TWD 586,965,000 and operating income of TWD 285,958,000 further support its profitability, though the net income of TWD 231,972,000 suggests some pressure from operating expenses. Horng Yu Electric Co Ltd operates in a diversified manner, with no disclosed revenue concentration by segment or geography. The company's product portfolio includes intelligent high and low voltage switchboards, energy copper busbar design and manufacturing, and power system improvement projects, with international and domestic sales channels. No specific segment or geographic revenue breakdown is available in the latest financials. The company's growth trajectory is supported by a capital expenditure of TWD -75,964,000, indicating a reduction in investment in new assets. While the company's revenue of TWD 3,069,902,000 is stable, no specific growth rate or outlook is provided in the latest financials. The company's liquidity risk is assessed as medium, with a low dilution risk, though its net cash position is negative after subtracting total debt. The company's risk profile includes a medium liquidity risk and a low dilution risk. No dilution sources are disclosed in the latest filings, and the company's capital structure remains stable with no near-term pressure for additional equity issuance. The company's debt position is moderate, with long-term debt of TWD 829,687,000 and total liabilities of TWD 2,014,319,000. Recent events include the company's continued focus on power distribution system manufacturing and system integration, with no material changes in its business model or operations disclosed in the latest financials. The company's recent filings do not indicate any significant regulatory or operational risks.