Tatung Co

Tatung's capital structure shows a debt-to-equity ratio of 0.94, indicating a moderate reliance on debt financing. The company holds 15.29 billion TWD in cash and equivalents, but this is offset by 43.64 billion TWD in long-term debt, resulting in a net cash position of -28.35 billion TWD. The current ratio of 2.24 suggests adequate short-term liquidity, but the negative net cash position raises concerns about long-term solvency. Profitability metrics are sharply negative, with a return on equity of -23.99% and a return on assets of -7.61%. These figures fall well below the industry median for electrical equipment manufacturers, which typically maintain positive ROE and ROA in the 5-10% range. The company reported a net loss of 11.10 billion TWD and an operating loss of 11.44 billion TWD, reflecting significant operational challenges. Geographic and segment exposure is not explicitly disclosed in the available data, but Tatung's revenue concentration appears to be primarily in the electrical components and equipment segment. The absence of detailed segment reporting limits visibility into diversification or growth drivers within the business. Growth trajectory is negative, with the company reporting a revenue of 50.38 billion TWD in the latest period. While the operating cash flow of 2.26 billion TWD provides some cash generation, the free cash flow is negative at -17.57 billion TWD, driven by capital expenditures of -2.35 billion TWD. Analysts have not provided forward-looking revenue or EPS guidance, but the current performance suggests a challenging outlook for the near term. Risk factors include medium liquidity risk due to the negative net cash position and the company's reliance on operating cash flow to meet obligations. The risk assessment also flags dilution as low, but the negative free cash flow and high debt levels could pressure the company to raise additional capital in the future. No recent dilutive events are disclosed, but the financial position suggests potential dilution risk if capital raising is required. Recent events include the publication of the latest financial results, which show a continuation of losses and declining profitability. No material regulatory or legal events are disclosed in the available data, but the company's ESG score of 69.74 and governance pillar score of 26.74 suggest governance-related risks that may require further scrutiny.