First Steamship Balance Sheet Health
Financial Health criteria checks 3/6
First Steamship has a total shareholder equity of NT$10.9B and total debt of NT$8.7B, which brings its debt-to-equity ratio to 79.4%. Its total assets and total liabilities are NT$35.4B and NT$24.4B respectively.
Key information
79.4%
Debt to equity ratio
NT$8.70b
Debt
| Interest coverage ratio | n/a |
| Cash | NT$1.91b |
| Equity | NT$10.95b |
| Total liabilities | NT$24.42b |
| Total assets | NT$35.37b |
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
These 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$5.3B) do not cover its short term liabilities (NT$8.1B).
Long Term Liabilities: 2601's short term assets (NT$5.3B) do not cover its long term liabilities (NT$16.3B).
Debt to Equity History and Analysis
Debt Level: 2601's net debt to equity ratio (62%) is considered high.
Reducing Debt: 2601's debt to equity ratio has reduced from 104.4% to 79.4% 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 34.9% per year.