Balance sheetRatio

125 Taipei Exchange companies holding more cash than all their debt

125companies

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

Stocks · Non-US shares · Taipei Exchange (TWO) · 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 Taipei 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. 354 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 125 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	TWO:6263Planet Technology Corporation	TWO	Technology	-2.4x	0.06	5.36	0.80	Net debt to EBITDA, net debt to ebitda: -3.21 on 2018-12-31 to -2.37 on 2025-12-31, up 26%.	Source n/a
2	TWO:6231Insyde Software Corp.	TWO	Technology	-2.2x	0.04	3.16	0.69	Net debt to EBITDA, net debt to ebitda: -2.22 on 2022-12-31 to -2.16 on 2025-12-31, up 3%.	Source n/a
3	TWO:3485Eclat Forever Machinery Co., Ltd.	TWO	Industrials	-3.6x	0.001	6.56	0.88	Net debt to EBITDA, net debt to ebitda: -4.04 on 2016-12-31 to -3.65 on 2025-12-31, up 10%.	Source n/a
4	TWO:6498Powertip Image Corp	TWO	Technology	-3.0x	0.01	3.08	0.65	Net debt to EBITDA, net debt to ebitda: -8.24 on 2016-12-31 to -3.01 on 2025-12-31, up 63%.	Source n/a
5	TWO:52973s Silicon Tech., Inc.	TWO	Technology	-10.2x	0.15	2.87	0.69	Net debt to EBITDA, net debt to ebitda: -15.53 on 2020-12-31 to -10.24 on 2025-12-31, up 34%.	Source n/a
6	TWO:3441Unique Opto-Electronics Co.,Ltd.	TWO	Technology	-5.3x	0.19	4.94	0.75	Net debt to EBITDA, net debt to ebitda: -17.52 on 2020-12-31 to -5.32 on 2025-12-31, up 70%.	Source n/a
7	TWO:6716PADAUK Technology Company Limited	TWO	Technology	-3.5x	0.25	2.80	0.64	Net debt to EBITDA, net debt to ebitda: -1.67 on 2019-12-31 to -3.51 on 2025-12-31, down 110%.	Source n/a
8	TWO:6826Taiwan Puritic Corp.	TWO	Technology	-2.6x	0.19	1.52	0.38	Net debt to EBITDA, net debt to ebitda: -0.80 on 2019-12-31 to -2.62 on 2025-12-31, down 228%.	Source n/a
9	TWO:3093Taiwan Kong King Co.,Ltd	TWO	Technology	-3.2x	0.002	2.24	0.66	Net debt to EBITDA, net debt to ebitda: -4.33 on 2016-12-31 to -3.24 on 2025-12-31, up 25%.	Source n/a
10	TWO:6788Brillian Network & Automation Integrated System Co. Ltd.	TWO	Technology	-2.0x	0.01	3.94	0.73	Net debt to EBITDA, net debt to ebitda: -1.96 on 2020-12-31 to -1.96 on 2025-12-31, up 0%.	Source n/a
11	TWO:5432Solomon Data International Corporation	TWO	Technology	-7.5x	0.02	5.54	0.86	Net debt to EBITDA, net debt to ebitda: -3.49 on 2023-12-31 to -7.46 on 2025-12-31, down 114%.	Source n/a
12	TWO:5609Dimerco Express Corporation	TWO	Industrials	-2.3x	0.12	2.58	0.63	Net debt to EBITDA, net debt to ebitda: -1.13 on 2016-12-31 to -2.34 on 2025-12-31, down 107%.	Source n/a
13	TWO:8227Progate Group Corporation	TWO	Technology	-5.2x	0.003	2.56	0.61	Net debt to EBITDA, net debt to ebitda: -2.62 on 2021-12-31 to -5.23 on 2025-12-31, down 100%.	Source n/a
14	TWO:3363FOCI Fiber Optic Communications, Inc.	TWO	Technology	-9.3x	0.10	4.23	0.81	Net debt to EBITDA, net debt to ebitda: -1.17 on 2020-12-31 to -9.34 on 2025-12-31, down 698%.	Source n/a
15	TWO:8932Wiselink Co., Ltd.	TWO	Consumer Cyclical	-0.9x	0.25	3.55	0.65	Net debt to EBITDA, net debt to ebitda: 41.43 on 2020-12-31 to -0.87 on 2025-12-31, down 102%.	Source n/a
16	TWO:6187All Ring Tech Co., Ltd.	TWO	Industrials	-2.0x	0.06	3.86	0.76	Net debt to EBITDA, net debt to ebitda: -6.63 on 2019-12-31 to -1.98 on 2025-12-31, up 70%.	Source n/a
17	TWO:6221Genesis Technology, Inc.	TWO	Technology	-4.5x	0.01	2.08	0.55	Net debt to EBITDA, net debt to ebitda: 0.46 on 2020-12-31 to -4.52 on 2025-12-31, down 1083%.	Source n/a
18	TWO:8064Contrel Technology Co., Ltd.	TWO	Technology	-5.1x	0.17	2.46	0.57	Net debt to EBITDA, net debt to ebitda: 2.39 on 2020-12-31 to -5.11 on 2025-12-31, down 314%.	Source n/a
19	TWO:3388Topco Technologies Corp.	TWO	Basic Materials	-4.0x	0.18	4.93	0.69	Net debt to EBITDA, net debt to ebitda: -2.82 on 2016-12-31 to -3.95 on 2025-12-31, down 40%.	Source n/a
20	TWO:8109P-Duke Technology Co.,Ltd.	TWO	Industrials	-2.0x	0.09	4.96	0.79	Net debt to EBITDA, net debt to ebitda: -0.48 on 2019-12-31 to -2.01 on 2025-12-31, down 319%.	Source n/a
21	TWO:4537Shuz Tung Machinery Industrial Co., Ltd.	TWO	Industrials	-0.8x	1.01	1.62	0.36	Net debt to EBITDA, net debt to ebitda: 16.16 on 2016-12-31 to -0.85 on 2025-12-31, down 105%.	Source n/a
22	TWO:6143Netronix, Inc.	TWO	Technology	-2.3x	0.13	2.30	0.36	Net debt to EBITDA, net debt to ebitda: -0.67 on 2019-12-31 to -2.30 on 2025-12-31, down 243%.	Source n/a
23	TWO:3227PixArt Imaging Inc.	TWO	Technology	-2.3x	0.02	3.66	0.80	Net debt to EBITDA, net debt to ebitda: -1.72 on 2020-12-31 to -2.34 on 2025-12-31, down 36%.	Source n/a
24	TWO:7402Brinno Incorporated	TWO	Technology	-1.9x	0.58	6.25	0.57	Net debt to EBITDA, net debt to ebitda: -2.54 on 2020-12-31 to -1.93 on 2025-12-31, up 24%.	Source n/a
25	TWO:8436TCI Co., Ltd.	TWO	Consumer Defensive	-1.3x	0.40	1.72	0.51	Net debt to EBITDA, net debt to ebitda: -1.17 on 2019-12-31 to -1.34 on 2025-12-31, down 15%.	Source n/a
26	TWO:3526Alltop Technology Co. Ltd.	TWO	Technology	-0.3x	0.56	4.15	0.53	Net debt to EBITDA, net debt to ebitda: -0.36 on 2017-12-31 to -0.33 on 2025-12-31, up 8%.	Source n/a
27	TWO:3548Jarllytec Co. , Ltd.	TWO	Technology	-2.7x	0.38	2.62	0.53	Net debt to EBITDA, net debt to ebitda: -1.12 on 2019-12-31 to -2.73 on 2025-12-31, down 144%.	Source n/a
28	TWO:6725Cica-Huntek Chemical Technology Taiwan Co., Ltd.	TWO	Industrials	-1.6x	0.21	2.28	0.56	Net debt to EBITDA, net debt to ebitda: 1.11 on 2020-12-31 to -1.64 on 2025-12-31, down 248%.	Source n/a
29	TWO:5309Sysgration Ltd.	TWO	Technology	-2.5x	0.55	2.92	0.52	Net debt to EBITDA, net debt to ebitda: -0.56 on 2021-12-31 to -2.54 on 2025-12-31, down 354%.	Source n/a
30	TWO:6983UA YANG Precision Machinery Co., Ltd.	TWO	Technology	-0.5x	0.48	3.27	0.60	Net debt to EBITDA, net debt to ebitda: 0.82 on 2020-12-31 to -0.53 on 2025-12-31, down 165%.	Source n/a
31	TWO:6925eLand Information Co., Ltd	TWO	Technology	-1.9x	0.01	7.63	0.87	Net debt to EBITDA, net debt to ebitda: -2.48 on 2020-12-31 to -1.88 on 2025-12-31, up 24%.	Source n/a
32	TWO:3114Howteh Technology Co., Ltd.	TWO	Industrials	-2.5x	0.41	2.17	0.60	Net debt to EBITDA, net debt to ebitda: 0.63 on 2016-12-31 to -2.48 on 2025-12-31, down 494%.	Source n/a
33	TWO:7712Potens	TWO	Technology	-2.1x	0.20	3.70	0.76	Net debt to EBITDA, net debt to ebitda: -1.05 on 2021-12-31 to -2.06 on 2025-12-31, down 96%.	Source n/a
34	TWO:3444Niching Industrial Corporation	TWO	Technology	-3.9x	0.005	2.55	0.72	Net debt to EBITDA, net debt to ebitda: 0.42 on 2020-12-31 to -3.89 on 2025-12-31, down 1026%.	Source n/a
35	TWO:7734AblePrint Technology Co., Ltd.	TWO	Consumer Cyclical	-1.8x	0.07	8.45	0.84	Net debt to EBITDA, net debt to ebitda: -0.59 on 2020-12-31 to -1.80 on 2025-12-31, down 205%.	Source n/a
36	TWO:6651Cystech Electronics Corp.	TWO	Technology	-1.6x	0.04	4.78	0.82	Net debt to EBITDA, net debt to ebitda: 0.03 on 2020-12-31 to -1.57 on 2025-12-31, down 5333%.	Source n/a
37	TWO:3219Aethertek technology co., Ltd.	TWO	Industrials	-2.5x	0.20	2.30	0.46	Net debt to EBITDA, net debt to ebitda: -1.43 on 2021-12-31 to -2.48 on 2025-12-31, down 73%.	Source n/a
38	TWO:3693AIC Inc.	TWO	Technology	-1.9x	0.09	2.61	0.67	Net debt to EBITDA, net debt to ebitda: 0.01 on 2020-12-31 to -1.94 on 2025-12-31, down 19500%.	Source n/a
39	TWO:8086Advanced Wireless Semiconductor Company	TWO	Technology	-1.4x	0.17	3.69	0.78	Net debt to EBITDA, net debt to ebitda: -1.48 on 2016-12-31 to -1.44 on 2025-12-31, up 3%.	Source n/a
40	TWO:6104Genesys Logic, Inc.	TWO	Technology	-0.7x	0.30	1.70	0.61	Net debt to EBITDA, net debt to ebitda: -1.64 on 2016-12-31 to -0.67 on 2025-12-31, up 59%.	Source n/a
41	TWO:3213Mildef Crete Inc.	TWO	Technology	-2.4x	0.03	4.34	0.77	Net debt to EBITDA, net debt to ebitda: -0.81 on 2019-12-31 to -2.40 on 2025-12-31, down 196%.	Source n/a
42	TWO:4931STL Technology Co., Ltd.	TWO	Industrials	-2.2x	0.01	2.10	0.59	Net debt to EBITDA, net debt to ebitda: -4.03 on 2019-12-31 to -2.24 on 2025-12-31, up 44%.	Source n/a
43	TWO:4991GCS Holdings, Inc.	TWO	Technology	-6.3x	0.07	6.68	0.84	Net debt to EBITDA, net debt to ebitda: -2.24 on 2016-12-31 to -6.27 on 2025-12-31, down 180%.	Source n/a
44	TWO:5536Acter Group Corporation Limited	TWO	Industrials	-2.1x	0.06	1.78	0.32	Net debt to EBITDA, net debt to ebitda: -1.83 on 2019-12-31 to -2.06 on 2025-12-31, down 13%.	Source n/a
45	TWO:6613Nova Technology Corp.	TWO	Industrials	-1.9x	0.03	2.59	0.45	Net debt to EBITDA, net debt to ebitda: -2.68 on 2016-12-31 to -1.94 on 2025-12-31, up 28%.	Source n/a
46	TWO:3707Episil Technologies Inc.	TWO	Technology	-12.9x	0.30	3.29	0.55	Net debt to EBITDA, net debt to ebitda: 10.22 on 2016-12-31 to -12.92 on 2025-12-31, down 226%.	Source n/a
47	TWO:8091Feedback Technology Corp.	TWO	Industrials	-1.2x	0.24	2.19	0.72	Net debt to EBITDA, net debt to ebitda: -1.39 on 2020-12-31 to -1.23 on 2025-12-31, up 12%.	Source n/a
48	TWO:6877Hye Technology Co.,Ltd	TWO	Technology	-2.6x	0.24	5.69	0.72	Net debt to EBITDA, net debt to ebitda: 1.73 on 2019-12-31 to -2.65 on 2025-12-31, down 253%.	Source n/a
49	TWO:3581Zen Voce Corporation	TWO	Technology	-1.7x	0.43	1.84	0.42	Net debt to EBITDA, net debt to ebitda: 0.22 on 2020-12-31 to -1.66 on 2025-12-31, down 855%.	Source n/a
50	TWO:6546AMPAK Technology Inc.	TWO	Technology	-1.2x	0.29	1.84	0.62	Net debt to EBITDA, net debt to ebitda: -1.47 on 2021-12-31 to -1.24 on 2025-12-31, up 16%.	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.