Balance sheetRatio

198 Taiwan Stock Exchange companies holding more cash than all their debt

198companies

Cash and equivalents exceed every borrowing on the balance sheet, so net debt measured against earnings is negative.

Stocks · Non-US shares · Taiwan Stock Exchange (TAI) · Ranked by Net debt to EBITDA in times, most cash on the balance sheet first · Rebuilt 2026-11-07 at 09:25 UTC

How this list is built

Net debt is every borrowing on the newest filed balance sheet less cash and equivalents, over EBITDA from the same year's income statement. The list is ordered by how much of the balance sheet is cash, because a near-zero EBITDA makes the ratio enormous without making the company any richer. The screen: companies listed on Taiwan Stock Exchange, graded A or B for the quality of what they report; a median daily traded value of at least 250,000 US dollars over 90 sessions, stated in each listing's own currency, so a company nobody can trade is never on the list; and no positive price to earnings under 1, which no real company earns, and no close sitting the whole of its own 52-week high below that high, which no listing that still trades can do. 624 companies passed tonight. Each market is ranked on its own and never added to another. Figures as recomputed on 2026-11-07.

The list

50 of 198 companies

Owes less than it holds in cash, ranked by Net debt to EBITDA, most cash on the balance sheet first
#	Company	Market	Sector	Net debt to EBITDA, in times	Debt to equity, in ratio	Current ratio, in ratio	Tangible equity ratio, in ratio	Net debt to EBITDA over time	Source
1	TAI:2059King Slide Works Co., Ltd.	TAI	Industrials	-1.8x	0.08	5.59	0.80	Net debt to EBITDA, net debt to ebitda: -3.56 on 2019-12-31 to -1.76 on 2025-12-31, up 51%.	Source n/a
2	TAI:5521Kung Sing Engineering Corporation	TAI	Industrials	-21.5x	0.25	1.60	0.41	Net debt to EBITDA, net debt to ebitda: 4.74 on 2016-12-31 to -21.51 on 2025-12-31, down 554%.	Source n/a
3	TAI:6446PharmaEssentia Corporation	TAI	Healthcare	-4.0x	0.03	6.20	0.85	Net debt to EBITDA, net debt to ebitda: -5.93 on 2024-12-31 to -4.04 on 2025-12-31, up 32%.	Source n/a
4	TAI:3094Davicom Semiconductor, Inc.	TAI	Technology	-73.4x	0.07	23.13	0.91	Net debt to EBITDA, net debt to ebitda: -15.67 on 2018-12-31 to -73.43 on 2025-12-31, down 369%.	Source n/a
5	TAI:6805Fositek Corp.	TAI	Technology	-2.1x	0.34	1.97	0.49	Net debt to EBITDA, net debt to ebitda: -0.67 on 2021-12-31 to -2.13 on 2025-12-31, down 218%.	Source n/a
6	TAI:6442EZconn Corporation	TAI	Technology	-2.0x	0.37	2.69	0.51	Net debt to EBITDA, net debt to ebitda: -1.87 on 2016-12-31 to -1.97 on 2025-12-31, down 5%.	Source n/a
7	TAI:6139L&K Engineering Co. Ltd.	TAI	Industrials	-4.2x	0.12	1.38	0.23	Net debt to EBITDA, net debt to ebitda: -0.66 on 2016-12-31 to -4.24 on 2025-12-31, down 542%.	Source n/a
8	TAI:2731Lion Travel Service Co., Ltd.	TAI	Consumer Cyclical	-2.4x	0.20	1.52	0.39	Net debt to EBITDA, net debt to ebitda: -5.29 on 2018-12-31 to -2.43 on 2025-12-31, up 54%.	Source n/a
9	TAI:3008LARGAN Precision Co.,Ltd	TAI	Technology	-3.7x	0.001	5.19	0.85	Net debt to EBITDA, net debt to ebitda: -2.09 on 2019-12-31 to -3.70 on 2025-12-31, down 77%.	Source n/a
10	TAI:2108Nantex Industry Co., Ltd.	TAI	Basic Materials	-8.8x	0.02	10.67	0.79	Net debt to EBITDA, net debt to ebitda: -1.20 on 2019-12-31 to -8.80 on 2025-12-31, down 633%.	Source n/a
11	TAI:6789VisEra Technologies Company Ltd.	TAI	Technology	-2.8x	0.10	4.30	0.82	Net debt to EBITDA, net debt to ebitda: -0.07 on 2020-12-31 to -2.79 on 2025-12-31, down 3886%.	Source n/a
12	TAI:6243Ene Technology Inc.	TAI	Technology	-3.9x	0.39	10.24	0.66	Net debt to EBITDA, net debt to ebitda: -2.99 on 2021-12-31 to -3.86 on 2025-12-31, down 29%.	Source n/a
13	TAI:6176Radiant Opto-Electronics Corporation	TAI	Technology	-3.2x	0.35	1.77	0.45	Net debt to EBITDA, net debt to ebitda: -1.88 on 2016-12-31 to -3.22 on 2025-12-31, down 71%.	Source n/a
14	TAI:6531AP Memory Technology Corporation	TAI	Technology	-4.3x	0.02	5.66	0.83	Net debt to EBITDA, net debt to ebitda: -0.56 on 2018-12-31 to -4.35 on 2025-12-31, down 677%.	Source n/a
15	TAI:3046Aopen Inc.	TAI	Technology	-4.6x	0.07	1.59	0.42	Net debt to EBITDA, net debt to ebitda: -10.12 on 2018-12-31 to -4.58 on 2025-12-31, up 55%.	Source n/a
16	TAI:3019Asia Optical Co., Inc.	TAI	Technology	-4.0x	0.004	2.43	0.54	Net debt to EBITDA, net debt to ebitda: -3.97 on 2019-12-31 to -3.99 on 2025-12-31, down 1%.	Source n/a
17	TAI:7795Eternal Precision Mechanics Co., Ltd.	TAI	Industrials	-1.5x	0.25	3.24	0.61	Net debt to EBITDA, net debt to ebitda: -0.50 on 2021-12-31 to -1.48 on 2025-12-31, down 196%.	Source n/a
18	TAI:7750Syntec Technology Co., Ltd.	TAI	Industrials	-2.3x	0.03	3.04	0.64	Net debt to EBITDA, net debt to ebitda: 0.94 on 2020-12-31 to -2.29 on 2025-12-31, down 344%.	Source n/a
19	TAI:8464Nien Made Enterprise Co., Ltd.	TAI	Consumer Cyclical	-1.5x	0.05	4.15	0.75	Net debt to EBITDA, net debt to ebitda: -0.77 on 2016-12-31 to -1.54 on 2025-12-31, down 100%.	Source n/a
20	TAI:6757Tigerair Taiwan Co., Ltd.	TAI	Industrials	-0.3x	1.29	1.20	0.28	Net debt to EBITDA, net debt to ebitda: 0.77 on 2023-12-31 to -0.25 on 2025-12-31, down 132%.	Source n/a
21	TAI:8103CviLux Corporation	TAI	Technology	-2.8x	0.15	2.87	0.64	Net debt to EBITDA, net debt to ebitda: -1.03 on 2019-12-31 to -2.83 on 2025-12-31, down 175%.	Source n/a
22	TAI:2546Kedge Construction Co., Ltd.	TAI	Industrials	-3.8x	0.09	1.62	0.40	Net debt to EBITDA, net debt to ebitda: -4.43 on 2017-12-31 to -3.76 on 2025-12-31, up 15%.	Source n/a
23	TAI:2301Lite-On Technology Corporation	TAI	Technology	-2.8x	0.27	1.50	0.43	Net debt to EBITDA, net debt to ebitda: -1.55 on 2016-12-31 to -2.78 on 2025-12-31, down 79%.	Source n/a
24	TAI:6409Voltronic Power Technology Corp.	TAI	Industrials	-1.2x	0.12	1.78	0.56	Net debt to EBITDA, net debt to ebitda: -0.94 on 2019-12-31 to -1.21 on 2025-12-31, down 29%.	Source n/a
25	TAI:4137Chlitina Holding Ltd.	TAI	Consumer Defensive	-0.8x	0.56	1.86	0.55	Net debt to EBITDA, net debt to ebitda: -2.42 on 2016-12-31 to -0.76 on 2025-12-31, up 69%.	Source n/a
26	TAI:4536Topkey Corporation	TAI	Consumer Cyclical	-1.8x	0.18	3.40	0.67	Net debt to EBITDA, net debt to ebitda: -0.74 on 2019-12-31 to -1.79 on 2025-12-31, down 142%.	Source n/a
27	TAI:3035Faraday Technology Corporation	TAI	Technology	-4.7x	0.02	2.35	0.66	Net debt to EBITDA, net debt to ebitda: -3.00 on 2019-12-31 to -4.69 on 2025-12-31, down 56%.	Source n/a
28	TAI:4949Win Win Precision Technology Co., Ltd.	TAI	Energy	-3.0x	0.06	3.56	0.73	Net debt to EBITDA, net debt to ebitda: 0.61 on 2019-12-31 to -3.03 on 2025-12-31, down 597%.	Source n/a
29	TAI:2404United Integrated Services Co., Ltd.	TAI	Industrials	-2.7x	0.01	1.27	0.24	Net debt to EBITDA, net debt to ebitda: -3.31 on 2016-12-31 to -2.66 on 2025-12-31, up 20%.	Source n/a
30	TAI:2388VIA Technologies, Inc.	TAI	Technology	-20.0x	0.06	2.14	0.59	Net debt to EBITDA, net debt to ebitda: -2.72 on 2019-12-31 to -19.96 on 2025-12-31, down 634%.	Source n/a
31	TAI:3673TPK Holding Co., Ltd.	TAI	Technology	-1.2x	0.71	1.98	0.46	Net debt to EBITDA, net debt to ebitda: 0.02 on 2018-12-31 to -1.19 on 2025-12-31, down 6050%.	Source n/a
32	TAI:3017Asia Vital Components Co., Ltd.	TAI	Technology	-0.8x	0.79	1.29	0.28	Net debt to EBITDA, net debt to ebitda: 0.92 on 2019-12-31 to -0.82 on 2025-12-31, down 189%.	Source n/a
33	TAI:4551Global PMX Co., Ltd.	TAI	Consumer Cyclical	-1.6x	0.27	2.30	0.64	Net debt to EBITDA, net debt to ebitda: 0.91 on 2015-12-31 to -1.57 on 2025-12-31, down 273%.	Source n/a
34	TAI:2417AVerMedia Technologies, Inc.	TAI	Technology	-7.1x	0.31	2.25	0.48	Net debt to EBITDA, net debt to ebitda: -17.76 on 2016-12-31 to -7.07 on 2025-12-31, up 60%.	Source n/a
35	TAI:3694AzureWave Technologies, Inc.	TAI	Technology	-2.1x	0.10	1.73	0.51	Net debt to EBITDA, net debt to ebitda: 2.70 on 2019-12-31 to -2.15 on 2025-12-31, down 180%.	Source n/a
36	TAI:2401Sunplus Technology Company Limited	TAI	Technology	-7.6x	0.18	4.50	0.57	Net debt to EBITDA, net debt to ebitda: -1.63 on 2021-12-31 to -7.60 on 2025-12-31, down 366%.	Source n/a
37	TAI:6861InnoCare Optoelectronics Corporation	TAI	Healthcare	-3.4x	0.09	2.34	0.56	Net debt to EBITDA, net debt to ebitda: -0.76 on 2022-12-31 to -3.44 on 2025-12-31, down 353%.	Source n/a
38	TAI:5243Eson Precision Ind. Co., Ltd.	TAI	Technology	-2.2x	0.13	1.68	0.60	Net debt to EBITDA, net debt to ebitda: -0.83 on 2021-12-31 to -2.24 on 2025-12-31, down 170%.	Source n/a
39	TAI:6715Lintes Technology Co., Ltd.	TAI	Technology	-3.3x	0.15	3.87	0.75	Net debt to EBITDA, net debt to ebitda: -0.08 on 2018-12-31 to -3.27 on 2025-12-31, down 3988%.	Source n/a
40	TAI:3016Episil-Precision Inc.	TAI	Technology	-2.8x	0.23	3.72	0.71	Net debt to EBITDA, net debt to ebitda: -1.61 on 2016-12-31 to -2.80 on 2025-12-31, down 74%.	Source n/a
41	TAI:6753Lungteh Shipbuilding Co., Ltd.	TAI	Industrials	-1.2x	0.51	1.44	0.42	Net debt to EBITDA, net debt to ebitda: 5.55 on 2020-12-31 to -1.17 on 2025-12-31, down 121%.	Source n/a
42	TAI:2364Twinhead International Corp.	TAI	Technology	-0.5x	0.44	1.42	0.55	Net debt to EBITDA, net debt to ebitda: 5.82 on 2020-12-31 to -0.54 on 2025-12-31, down 109%.	Source n/a
43	TAI:3653Jentech Precision Industrial Co., Ltd	TAI	Technology	-1.3x	0.004	4.17	0.82	Net debt to EBITDA, net debt to ebitda: -1.16 on 2018-12-31 to -1.26 on 2025-12-31, down 9%.	Source n/a
44	TAI:2072Century Wind Power Co., Ltd.	TAI	Industrials	-1.6x	0.11	3.97	0.81	Net debt to EBITDA, net debt to ebitda: 1.97 on 2020-12-31 to -1.65 on 2025-12-31, down 184%.	Source n/a
45	TAI:3138Auden Techno Corp.	TAI	Technology	-0.3x	0.66	1.75	0.47	Net debt to EBITDA, net debt to ebitda: -0.87 on 2019-12-31 to -0.35 on 2025-12-31, up 60%.	Source n/a
46	TAI:2365KYE Systems Corp.	TAI	Technology	-10.7x	0.09	9.27	0.86	Net debt to EBITDA, net debt to ebitda: -4.12 on 2017-12-31 to -10.72 on 2025-12-31, down 160%.	Source n/a
47	TAI:2419Hitron Technologies Inc.	TAI	Technology	-4.8x	0.46	1.98	0.43	Net debt to EBITDA, net debt to ebitda: -1.35 on 2016-12-31 to -4.76 on 2025-12-31, down 253%.	Source n/a
48	TAI:4906Gemtek Technology Co., Ltd.	TAI	Technology	-4.9x	0.21	1.71	0.60	Net debt to EBITDA, net debt to ebitda: 0.62 on 2017-12-31 to -4.90 on 2025-12-31, down 890%.	Source n/a
49	TAI:4952Generalplus Technology Inc.	TAI	Technology	-4.1x	0.08	3.82	0.76	Net debt to EBITDA, net debt to ebitda: -2.44 on 2019-12-31 to -4.13 on 2025-12-31, down 69%.	Source n/a
50	TAI:2454MediaTek Inc.	TAI	Technology	-1.4x	0.05	1.31	0.48	Net debt to EBITDA, net debt to ebitda: -2.52 on 2016-12-31 to -1.44 on 2025-12-31, up 43%.	Source n/a

This is the top of the list. The rest is a page away and no plan is needed for it.

Filed figures cite the filing they come from; figures marked Market data are quotes as of the date shown. Not a recommendation and not advice.

Past figures are not a forecast. Anything we modelled is labelled as ours. You can lose money on any security.