Far Eastern New Century Corporation

TWSE:1402 Stock Report

Market Cap: NT$164.8b

Far Eastern New Century Balance Sheet Health

Financial Health criteria checks 2/6

Far Eastern New Century has a total shareholder equity of NT$313.8B and total debt of NT$260.1B, which brings its debt-to-equity ratio to 82.9%. Its total assets and total liabilities are NT$672.1B and NT$358.2B respectively. Far Eastern New Century's EBIT is NT$17.2B making its interest coverage ratio 4.8. It has cash and short-term investments of NT$40.7B.

Key information

82.9%

Debt to equity ratio

NT$260.11b

Debt

Interest coverage ratio4.8x
CashNT$40.71b
EquityNT$313.83b
Total liabilitiesNT$358.22b
Total assetsNT$672.05b

Recent financial health updates

Does Far Eastern New Century (TWSE:1402) Have A Healthy Balance Sheet?

Aug 01
Does Far Eastern New Century (TWSE:1402) Have A Healthy Balance Sheet?

Is Far Eastern New Century (TWSE:1402) A Risky Investment?

Feb 29
Is Far Eastern New Century (TWSE:1402) A Risky Investment?

Recent updates

Returns On Capital At Far Eastern New Century (TWSE:1402) Have Stalled

Feb 03
Returns On Capital At Far Eastern New Century (TWSE:1402) Have Stalled

Additional Considerations Required While Assessing Far Eastern New Century's (TWSE:1402) Strong Earnings

Nov 21
Additional Considerations Required While Assessing Far Eastern New Century's (TWSE:1402) Strong Earnings

Getting In Cheap On Far Eastern New Century Corporation (TWSE:1402) Is Unlikely

Nov 01
Getting In Cheap On Far Eastern New Century Corporation (TWSE:1402) Is Unlikely

Returns On Capital At Far Eastern New Century (TWSE:1402) Have Hit The Brakes

Oct 14
Returns On Capital At Far Eastern New Century (TWSE:1402) Have Hit The Brakes

Does Far Eastern New Century (TWSE:1402) Have A Healthy Balance Sheet?

Aug 01
Does Far Eastern New Century (TWSE:1402) Have A Healthy Balance Sheet?

Far Eastern New Century (TWSE:1402) Is Due To Pay A Dividend Of NT$1.35

Jul 05
Far Eastern New Century (TWSE:1402) Is Due To Pay A Dividend Of NT$1.35

Far Eastern New Century (TWSE:1402) Has More To Do To Multiply In Value Going Forward

Jul 03
Far Eastern New Century (TWSE:1402) Has More To Do To Multiply In Value Going Forward

Investors Appear Satisfied With Far Eastern New Century Corporation's (TWSE:1402) Prospects

Jun 14
Investors Appear Satisfied With Far Eastern New Century Corporation's (TWSE:1402) Prospects

Is Far Eastern New Century Corporation (TWSE:1402) Expensive For A Reason? A Look At Its Intrinsic Value

Apr 17
Is Far Eastern New Century Corporation (TWSE:1402) Expensive For A Reason? A Look At Its Intrinsic Value

We Think That There Are Some Issues For Far Eastern New Century (TWSE:1402) Beyond Its Promising Earnings

Mar 22
We Think That There Are Some Issues For Far Eastern New Century (TWSE:1402) Beyond Its Promising Earnings

Results: Far Eastern New Century Corporation Beat Earnings Expectations And Analysts Now Have New Forecasts

Mar 19
Results: Far Eastern New Century Corporation Beat Earnings Expectations And Analysts Now Have New Forecasts

Is Far Eastern New Century (TWSE:1402) A Risky Investment?

Feb 29
Is Far Eastern New Century (TWSE:1402) A Risky Investment?

Financial Position Analysis

Short Term Liabilities: 1402's short term assets (NT$144.5B) exceed its short term liabilities (NT$128.4B).

Long Term Liabilities: 1402's short term assets (NT$144.5B) do not cover its long term liabilities (NT$229.8B).

Debt to Equity History and Analysis

Debt Level: 1402's net debt to equity ratio (69.9%) is considered high.

Reducing Debt: 1402's debt to equity ratio has increased from 76.8% to 82.9% over the past 5 years.

Debt Coverage: 1402's debt is not well covered by operating cash flow (16.9%).

Interest Coverage: 1402's interest payments on its debt are well covered by EBIT (4.8x coverage).

Balance Sheet

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/04 07:43
End of Day Share Price 2025/02/04 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Far Eastern New Century Corporation is covered by 20 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Changming YehBarclays
Michelle ChengBNP Paribas Securities (Asia)
Jeffrey ToderCGS International