Sincere Navigation Balance Sheet Health
Financial Health criteria checks 6/6
Sincere Navigation has a total shareholder equity of NT$15.9B and total debt of NT$4.6B, which brings its debt-to-equity ratio to 29%. Its total assets and total liabilities are NT$21.1B and NT$5.2B respectively. Sincere Navigation's EBIT is NT$425.7M making its interest coverage ratio -2.4. It has cash and short-term investments of NT$2.3B.
Key information
29.0%
Debt to equity ratio
NT$4.61b
Debt
| Interest coverage ratio | -2.4x |
| Cash | NT$2.27b |
| Equity | NT$15.89b |
| Total liabilities | NT$5.23b |
| Total assets | NT$21.12b |
Recent financial health updates
Sincere Navigation (TPE:2605) Seems To Use Debt Rather Sparingly
Mar 13
These 4 Measures Indicate That Sincere Navigation (TPE:2605) Is Using Debt Safely
Nov 28
Recent updates
Sincere 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$5.4B) exceed its short term liabilities (NT$3.9B).
Long Term Liabilities: 2605's short term assets (NT$5.4B) exceed its long term liabilities (NT$1.3B).
Debt to Equity History and Analysis
Debt Level: 2605's net debt to equity ratio (14.8%) is considered satisfactory.
Reducing Debt: 2605's debt to equity ratio has reduced from 36.9% to 29% over the past 5 years.
Debt Coverage: 2605's debt is well covered by operating cash flow (50.1%).
Interest Coverage: 2605 earns more interest than it pays, so coverage of interest payments is not a concern.