International Carbide Technology Co Ltd

The company maintains a relatively conservative capital structure, with a debt-to-equity ratio of 0.37, indicating a moderate reliance on debt financing. Its liquidity position is characterized as medium, with a current ratio of 2.18, suggesting the company can cover its short-term obligations but with limited excess capacity. Free cash flow stands at TWD 31.25 million, while operating cash flow is TWD 131.32 million, indicating strong cash generation from operations. However, net cash is negative after subtracting total debt, signaling potential liquidity constraints. Profitability metrics show a return on equity (ROE) of 16.25% and a return on assets (ROA) of 9.58%, both exceeding the typical thresholds for the Specialty Chemicals industry. These figures suggest the company is effectively utilizing its equity and asset base to generate returns. Gross profit of TWD 294.38 million and operating income of TWD 110.25 million further support the company's strong profitability relative to its revenue of TWD 622.80 million. The company's revenue is primarily derived from its domestic market and overseas markets, though the exact geographic breakdown is not disclosed. Given the nature of its products and the global demand for fire safety solutions, the company likely benefits from international exposure. However, the lack of segment-specific revenue data limits the ability to assess geographic concentration risk. Looking