Sincere Navigation Balance Sheet Health
Financial Health criteria checks 6/6
Sincere Navigation has a total shareholder equity of NT$17.3B and total debt of NT$3.6B, which brings its debt-to-equity ratio to 21%. Its total assets and total liabilities are NT$21.3B and NT$4.0B respectively. Sincere Navigation's EBIT is NT$896.7M making its interest coverage ratio -4.8. It has cash and short-term investments of NT$5.9B.
Key information
21.0%
Debt to equity ratio
NT$3.63b
Debt
| Interest coverage ratio | -4.8x |
| Cash | NT$5.95b |
| Equity | NT$17.31b |
| Total liabilities | NT$3.99b |
| Total assets | NT$21.30b |
Recent financial health updates
These 4 Measures Indicate That Sincere Navigation (TWSE:2605) Is Using Debt Safely
Sep 29
Sincere Navigation (TWSE:2605) Has A Rock Solid Balance Sheet
May 30Sincere Navigation (TPE:2605) Seems To Use Debt Rather Sparingly
Mar 13These 4 Measures Indicate That Sincere Navigation (TPE:2605) Is Using Debt Safely
Nov 28
Recent updates
These 4 Measures Indicate That Sincere Navigation (TWSE:2605) Is Using Debt Safely
Sep 29Is Sincere Navigation Corporation (TWSE:2605) Potentially Undervalued?
Jul 12Sincere Navigation's (TWSE:2605) Dividend Will Be Increased To NT$0.75
Jun 14Sincere Navigation Corporation's (TWSE:2605) 26% Jump Shows Its Popularity With Investors
May 31Sincere Navigation (TWSE:2605) Has A Rock Solid Balance Sheet
May 30Sincere Navigation's (TWSE:2605) Solid Profits Have Weak Fundamentals
Mar 21We Think Sincere Navigation's (TPE:2605) Healthy Earnings Might Be Conservative
Mar 30Sincere Navigation (TPE:2605) Seems To Use Debt Rather Sparingly
Mar 13Does Sincere Navigation's (TPE:2605) Returns On Capital Reflect Well On The Business?
Feb 15Did Sincere Navigation's (TPE:2605) Share Price Deserve to Gain 22%?
Jan 19Key Things To Consider Before Buying Sincere Navigation Corporation (TPE:2605) For Its Dividend
Dec 24These 4 Measures Indicate That Sincere Navigation (TPE:2605) Is Using Debt Safely
Nov 28Financial Position Analysis
Short Term Liabilities: 2605's short term assets (NT$6.6B) exceed its short term liabilities (NT$3.8B).
Long Term Liabilities: 2605's short term assets (NT$6.6B) exceed its long term liabilities (NT$239.8M).
Debt to Equity History and Analysis
Debt Level: 2605 has more cash than its total debt.
Reducing Debt: 2605's debt to equity ratio has reduced from 38.1% to 21% over the past 5 years.
Debt Coverage: 2605's debt is well covered by operating cash flow (83.6%).
Interest Coverage: 2605 earns more interest than it pays, so coverage of interest payments is not a concern.