U-Ming Marine Transport Balance Sheet Health
Financial Health criteria checks 3/6
U-Ming Marine Transport has a total shareholder equity of NT$38.7B and total debt of NT$44.9B, which brings its debt-to-equity ratio to 116%. Its total assets and total liabilities are NT$85.5B and NT$46.8B respectively. U-Ming Marine Transport's EBIT is NT$4.5B making its interest coverage ratio 9.9. It has cash and short-term investments of NT$22.1B.
Key information
116.0%
Debt to equity ratio
NT$44.86b
Debt
| Interest coverage ratio | 9.9x |
| Cash | NT$22.13b |
| Equity | NT$38.68b |
| Total liabilities | NT$46.81b |
| Total assets | NT$85.49b |
Recent financial health updates
U-Ming Marine Transport (TWSE:2606) Has A Somewhat Strained Balance Sheet
Sep 05
Is U-Ming Marine Transport (TWSE:2606) A Risky Investment?
May 07U-Ming Marine Transport (TPE:2606) Has A Somewhat Strained Balance Sheet
Feb 26Does U-Ming Marine Transport (TPE:2606) Have A Healthy Balance Sheet?
Nov 26Recent updates
Investors Will Want U-Ming Marine Transport's (TWSE:2606) Growth In ROCE To Persist
Dec 16U-Ming Marine Transport's (TWSE:2606) Earnings Are Weaker Than They Seem
Nov 20U-Ming Marine Transport Corporation's (TWSE:2606) Price Is Right But Growth Is Lacking
Sep 25U-Ming Marine Transport (TWSE:2606) Has A Somewhat Strained Balance Sheet
Sep 05Is U-Ming Marine Transport Corporation (TWSE:2606) Potentially Undervalued?
Jul 12Calculating The Fair Value Of U-Ming Marine Transport Corporation (TWSE:2606)
Jun 05Why U-Ming Marine Transport's (TWSE:2606) Shaky Earnings Are Just The Beginning Of Its Problems
May 21Is U-Ming Marine Transport (TWSE:2606) A Risky Investment?
May 07Investors Aren't Entirely Convinced By U-Ming Marine Transport Corporation's (TWSE:2606) Earnings
Apr 11What Is U-Ming Marine Transport Corporation's (TWSE:2606) Share Price Doing?
Mar 26Investors Will Want U-Ming Marine Transport's (TPE:2606) Growth In ROCE To Persist
Apr 27Looking For Steady Income For Your Dividend Portfolio? Is U-Ming Marine Transport Corporation (TPE:2606) A Good Fit?
Apr 12Could The U-Ming Marine Transport Corporation (TPE:2606) Ownership Structure Tell Us Something Useful?
Mar 13U-Ming Marine Transport (TPE:2606) Has A Somewhat Strained Balance Sheet
Feb 26U-Ming Marine Transport (TPE:2606) Has Compensated Shareholders With A Respectable 57% Return On Their Investment
Feb 11Does This Valuation Of U-Ming Marine Transport Corporation (TPE:2606) Imply Investors Are Overpaying?
Jan 29Here’s What’s Happening With Returns At U-Ming Marine Transport (TPE:2606)
Jan 17
Tread With Caution Around U-Ming Marine Transport Corporation's (TPE:2606) 5.2% Dividend Yield
Jan 04Did U-Ming Marine Transport Corporation (TPE:2606) Use Debt To Deliver Its ROE Of 4.8%?
Dec 22We Wouldn't Rely On U-Ming Marine Transport's (TPE:2606) Statutory Earnings As A Guide
Dec 09Does U-Ming Marine Transport (TPE:2606) Have A Healthy Balance Sheet?
Nov 26Financial Position Analysis
Short Term Liabilities: 2606's short term assets (NT$28.3B) exceed its short term liabilities (NT$17.4B).
Long Term Liabilities: 2606's short term assets (NT$28.3B) do not cover its long term liabilities (NT$29.4B).
Debt to Equity History and Analysis
Debt Level: 2606's net debt to equity ratio (58.8%) is considered high.
Reducing Debt: 2606's debt to equity ratio has reduced from 133.7% to 116% over the past 5 years.
Debt Coverage: 2606's debt is not well covered by operating cash flow (16.1%).
Interest Coverage: 2606's interest payments on its debt are well covered by EBIT (9.9x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 10:29 |
| 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
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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
U-Ming Marine Transport 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 |
|---|---|
| Paul Robert Dewberry | BofA Global Research |
| Yayue Hsueh | Capital Securities Corporation |
| Timothy Chen | Citigroup Inc |