First Steamship Balance Sheet Health
Financial Health criteria checks 3/6
First Steamship has a total shareholder equity of NT$11.1B and total debt of NT$8.3B, which brings its debt-to-equity ratio to 74.8%. Its total assets and total liabilities are NT$35.1B and NT$24.0B respectively.
Key information
74.8%
Debt to equity ratio
NT$8.30b
Debt
| Interest coverage ratio | n/a |
| Cash | NT$1.21b |
| Equity | NT$11.10b |
| Total liabilities | NT$24.04b |
| Total assets | NT$35.13b |
Recent financial health updates
These 4 Measures Indicate That First Steamship (TPE:2601) Is Using Debt In A Risky Way
Apr 11
Does First Steamship (TPE:2601) Have A Healthy Balance Sheet?
Dec 27Recent updates
Revenues Working Against First Steamship Co., Ltd.'s (TWSE:2601) Share Price
Sep 30These 4 Measures Indicate That First Steamship (TPE:2601) Is Using Debt In A Risky Way
Apr 11Here's What's Concerning About First Steamship (TPE:2601)
Mar 07Introducing First Steamship (TPE:2601), A Stock That Climbed 17% In The Last Three Years
Jan 31Does First Steamship (TPE:2601) Have A Healthy Balance Sheet?
Dec 27Is First Steamship (TPE:2601) Headed For Trouble?
Nov 22
Financial Position Analysis
Short Term Liabilities: 2601's short term assets (NT$4.3B) do not cover its short term liabilities (NT$9.1B).
Long Term Liabilities: 2601's short term assets (NT$4.3B) do not cover its long term liabilities (NT$15.0B).
Debt to Equity History and Analysis
Debt Level: 2601's net debt to equity ratio (63.9%) is considered high.
Reducing Debt: 2601's debt to equity ratio has reduced from 80.9% to 74.8% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable 2601 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 2601 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 18.3% per year.