Evergreen Marine Corporation (Taiwan) Balance Sheet Health

Financial Health criteria checks 5/6

Evergreen Marine (Taiwan) has a total shareholder equity of NT$470.8B and total debt of NT$42.4B, which brings its debt-to-equity ratio to 9%. Its total assets and total liabilities are NT$731.8B and NT$261.0B respectively. Evergreen Marine (Taiwan)'s EBIT is NT$33.1B making its interest coverage ratio -3.5. It has cash and short-term investments of NT$191.9B.

Key information

9.0%

Debt to equity ratio

NT$42.37b

Debt

Interest coverage ratio	-3.5x
Cash	NT$191.86b
Equity	NT$470.79b
Total liabilities	NT$261.04b
Total assets	NT$731.83b

Recent financial health updates

Does Evergreen Marine Corporation (Taiwan) (TPE:2603) Have A Healthy Balance Sheet?

Apr 19

Is Evergreen Marine Corporation (Taiwan) (TPE:2603) Using Too Much Debt?

Jan 19

Recent updates

Does This Valuation Of Evergreen Marine Corporation (Taiwan) Ltd. (TPE:2603) Imply Investors Are Overpaying?

May 01

Does Evergreen Marine Corporation (Taiwan) (TPE:2603) Have A Healthy Balance Sheet?

Apr 19

Analysts Just Made A Massive Upgrade To Their Evergreen Marine Corporation (Taiwan) Ltd. (TPE:2603) Forecasts

Apr 07

The Return Trends At Evergreen Marine Corporation (Taiwan) (TPE:2603) Look Promising

Mar 26

Is Evergreen Marine Corporation (Taiwan) Ltd. (TPE:2603) A High Quality Stock To Own?

Mar 12

Is Evergreen Marine Corporation (Taiwan)'s (TPE:2603) Share Price Gain Of 245% Well Earned?

Feb 23

Is Evergreen Marine Corporation (Taiwan) Ltd.'s (TPE:2603) Shareholder Ownership Skewed Towards Insiders?

Feb 05

Is Evergreen Marine Corporation (Taiwan) (TPE:2603) Using Too Much Debt?

Jan 19

Financial Position Analysis

Short Term Liabilities: 2603's short term assets (NT$238.1B) exceed its short term liabilities (NT$111.8B).

Long Term Liabilities: 2603's short term assets (NT$238.1B) exceed its long term liabilities (NT$149.3B).

Debt to Equity History and Analysis

Debt Level: 2603 has more cash than its total debt.

Reducing Debt: 2603's debt to equity ratio has reduced from 155.5% to 9% over the past 5 years.

Debt Coverage: 2603's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 2603 earns more interest than it pays, so coverage of interest payments is not a concern.

Evergreen Marine Corporation (Taiwan) Balance Sheet Health

Financial Health criteria checks 5/6

Key information

Recent financial health updates

Does Evergreen Marine Corporation (Taiwan) (TPE:2603) Have A Healthy Balance Sheet?

Is Evergreen Marine Corporation (Taiwan) (TPE:2603) Using Too Much Debt?

Recent updates

New major risk - Revenue and earnings growth

Full year 2023 earnings: EPS misses analyst expectations

Evergreen Marine Corporation (Taiwan) Ltd., Annual General Meeting, Mar 14, 2024

Price target increased by 10% to NT$176

Evergreen Marine Corporation (Taiwan) Ltd. announced that it expects to receive TWD 198.85249 million in funding

Price target increased by 8.7% to NT$159

Evergreen Marine Corporation (Taiwan) Ltd. Announces Change of President, Effective January 1, 2024

Price target increased by 10.0% to NT$146

Investor sentiment improves as stock rises 18%

Consensus EPS estimates increase by 31%

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Price target decreased by 8.3% to NT$136

Consensus EPS estimates increase by 20%

New minor risk - Profit margin trend

Second quarter 2023 earnings released: EPS: NT$2.41 (vs NT$48.33 in 2Q 2022)

First quarter 2023 earnings: EPS misses analyst expectations

Evergreen Marine Corporation (Taiwan) Ltd. announced that it has received TWD 326.788 million in funding from CMI International Investment Corp.

Now 44% undervalued after recent price drop

Upcoming dividend of NT$70.00 per share at 44% yield

Evergreen Marine Corporation (Taiwan) Ltd. Announces Cash Dividend, Payable on July 26, 2023

Consensus EPS estimates fall by 18%

Full year 2022 earnings: EPS misses analyst expectations

Evergreen Marine Corporation (Taiwan) Ltd. (TWSE:2603) acquired 10% stake in Charing Yang Development Co for TWD 450 million.

Evergreen Marine Corporation (Taiwan) Ltd. announced that it expects to receive TWD 0.300157 million in funding

Less than half of directors are independent

Evergreen Marine Corporation (Taiwan) Ltd. (TWSE:2603) completed the acquisition of Panama-based Colon Container Terminal for $268 million.

Third quarter 2022 earnings: EPS misses analyst expectations

Price target decreased to NT$223

Price target decreased to NT$131

Upcoming dividend of NT$6.00 per share

Evergreen Marine Corporation (Taiwan) Ltd. Announces the Appointment of Huang, Chao-Kuo as Chief Information Security Officer, September 01, 2022

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

Price target decreased to NT$152

Upcoming dividend of NT$18.00 per share

Evergreen Marine Corporation (Taiwan) Ltd. Approves Cash Dividend

Consensus forecasts updated

Consensus forecasts updated

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Less than half of directors are independent

Consensus EPS estimates increase by 11%

Full year 2021 earnings: EPS misses analyst expectations

Now 26% undervalued

Investor sentiment improved over the past week

Price target increased to NT$175

Third quarter 2021 earnings released: EPS NT$15.15 (vs NT$1.70 in 3Q 2020)

Price target decreased to NT$161

Investor sentiment deteriorated over the past week

Investor sentiment deteriorated over the past week

Price target increased to NT$167

Consensus EPS estimates increase to NT$37.15

Upcoming dividend of NT$2.49 per share

Second quarter 2021 earnings released: EPS NT$7.98 (vs NT$0.66 in 2Q 2020)

Investor sentiment deteriorated over the past week

Consensus EPS estimates increase to NT$31.72

Price target increased to NT$119

Investor sentiment improved over the past week

Consensus EPS estimates increase to NT$26.84

Investor sentiment improved over the past week

Price target increased to NT$93.94

Price target increased to NT$90.44

Investor sentiment deteriorated over the past week

Consensus EPS estimates increase to NT$21.92

First quarter 2021 earnings released: EPS NT$7.04 (vs NT$0.092 loss in 1Q 2020)

Does This Valuation Of Evergreen Marine Corporation (Taiwan) Ltd. (TPE:2603) Imply Investors Are Overpaying?

Does Evergreen Marine Corporation (Taiwan) (TPE:2603) Have A Healthy Balance Sheet?

Investor sentiment improved over the past week

Analysts Just Made A Massive Upgrade To Their Evergreen Marine Corporation (Taiwan) Ltd. (TPE:2603) Forecasts

Consensus revenue estimates increase to NT$280.3b

Consensus EPS estimates increase to NT$7.82

The Return Trends At Evergreen Marine Corporation (Taiwan) (TPE:2603) Look Promising

Full year 2020 earnings released: EPS NT$5.06 (vs NT$0.025 in FY 2019)

Price target increased to NT$43.62

Is Evergreen Marine Corporation (Taiwan) Ltd. (TPE:2603) A High Quality Stock To Own?