U-Ming Marine Transport Balance Sheet Health
Financial Health criteria checks 3/6
U-Ming Marine Transport has a total shareholder equity of NT$33.8B and total debt of NT$44.8B, which brings its debt-to-equity ratio to 132.5%. Its total assets and total liabilities are NT$80.6B and NT$46.8B respectively. U-Ming Marine Transport's EBIT is NT$2.7B making its interest coverage ratio 5.6. It has cash and short-term investments of NT$19.2B.
Key information
132.5%
Debt to equity ratio
NT$44.82b
Debt
| Interest coverage ratio | 5.6x |
| Cash | NT$19.20b |
| Equity | NT$33.82b |
| Total liabilities | NT$46.81b |
| Total assets | NT$80.63b |
Recent financial health updates
U-Ming Marine Transport (TPE:2606) Has A Somewhat Strained Balance Sheet
Feb 26
Does U-Ming Marine Transport (TPE:2606) Have A Healthy Balance Sheet?
Nov 26Recent updates
Investors 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$25.4B) exceed its short term liabilities (NT$17.7B).
Long Term Liabilities: 2606's short term assets (NT$25.4B) do not cover its long term liabilities (NT$29.1B).
Debt to Equity History and Analysis
Debt Level: 2606's net debt to equity ratio (75.8%) is considered high.
Reducing Debt: 2606's debt to equity ratio has reduced from 138.4% to 132.5% over the past 5 years.
Debt Coverage: 2606's debt is not well covered by operating cash flow (12.7%).
Interest Coverage: 2606's interest payments on its debt are well covered by EBIT (5.6x coverage).