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$904.4M making its interest coverage ratio -4.5. It has cash and short-term investments of NT$3.0B.
Key information
21.0%
Debt to equity ratio
NT$3.63b
Debt
| Interest coverage ratio | -4.5x |
| Cash | NT$3.03b |
| 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's net debt to equity ratio (3.5%) is considered satisfactory.
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.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/21 13:57 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Sincere Navigation Corporation is covered by 16 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Yayue Hsueh | Capital Securities Corporation |
| Philip Chow | CLSA |
| HungBIn Toh | Credit Suisse |