First Steamship Financial Health
How is First Steamship's financial position?
Financial Health Score2/6
Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: 2601's short term assets (NT$6.6B) do not cover its short term liabilities (NT$8.0B).
Long Term Liabilities: 2601's short term assets (NT$6.6B) do not cover its long term liabilities (NT$14.8B).
Debt to Equity History and Analysis
Debt Level: 2601's net debt to equity ratio (40.3%) is considered high.
Reducing Debt: 2601's debt to equity ratio has reduced from 107.9% to 63.6% over the past 5 years.
Debt Coverage: 2601's debt is well covered by operating cash flow (24.4%).
Interest Coverage: 2601's interest payments on its debt are not well covered by EBIT (1x coverage).