Taiwan Navigation Co., Ltd.

TWSE:2617 Stock Report

Market Cap: NT$12.1b

Taiwan Navigation Balance Sheet Health

Financial Health criteria checks 4/6

Taiwan Navigation has a total shareholder equity of NT$17.3B and total debt of NT$7.8B, which brings its debt-to-equity ratio to 45.4%. Its total assets and total liabilities are NT$26.9B and NT$9.6B respectively. Taiwan Navigation's EBIT is NT$1.6B making its interest coverage ratio 6.4. It has cash and short-term investments of NT$3.2B.

Key information

45.4%

Debt to equity ratio

NT$7.83b

Debt

Interest coverage ratio6.4x
CashNT$3.18b
EquityNT$17.26b
Total liabilitiesNT$9.65b
Total assetsNT$26.91b

Recent financial health updates

We Think Taiwan Navigation (TPE:2617) Is Taking Some Risk With Its Debt

Apr 14
We Think Taiwan Navigation (TPE:2617) Is Taking Some Risk With Its Debt

Does Taiwan Navigation (TPE:2617) Have A Healthy Balance Sheet?

Dec 27
Does Taiwan Navigation (TPE:2617) Have A Healthy Balance Sheet?

Recent updates

Taiwan Navigation (TWSE:2617) Has Announced That Its Dividend Will Be Reduced To NT$1.60

Jul 14
Taiwan Navigation (TWSE:2617) Has Announced That Its Dividend Will Be Reduced To NT$1.60

Taiwan Navigation's (TWSE:2617) Dividend Will Be Reduced To NT$1.60

Jun 23
Taiwan Navigation's (TWSE:2617) Dividend Will Be Reduced To NT$1.60

Why Taiwan Navigation's (TWSE:2617) Shaky Earnings Are Just The Beginning Of Its Problems

Mar 21
Why Taiwan Navigation's (TWSE:2617) Shaky Earnings Are Just The Beginning Of Its Problems

We Think Taiwan Navigation (TPE:2617) Is Taking Some Risk With Its Debt

Apr 14
We Think Taiwan Navigation (TPE:2617) Is Taking Some Risk With Its Debt

Three Things You Should Check Before Buying Taiwan Navigation Co., Ltd. (TPE:2617) For Its Dividend

Mar 09
Three Things You Should Check Before Buying Taiwan Navigation Co., Ltd. (TPE:2617) For Its Dividend

Did You Participate In Any Of Taiwan Navigation's (TPE:2617) Respectable 50% Return?

Feb 16
Did You Participate In Any Of Taiwan Navigation's (TPE:2617) Respectable 50% Return?

Can Taiwan Navigation (TPE:2617) Continue To Grow Its Returns On Capital?

Jan 29
Can Taiwan Navigation (TPE:2617) Continue To Grow Its Returns On Capital?

We're Not So Sure You Should Rely on Taiwan Navigation's (TPE:2617) Statutory Earnings

Jan 11
We're Not So Sure You Should Rely on Taiwan Navigation's (TPE:2617) Statutory Earnings

Does Taiwan Navigation (TPE:2617) Have A Healthy Balance Sheet?

Dec 27
Does Taiwan Navigation (TPE:2617) Have A Healthy Balance Sheet?

Taiwan Navigation Co., Ltd.'s (TPE:2617) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?

Dec 09
Taiwan Navigation Co., Ltd.'s (TPE:2617) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?

Should Taiwan Navigation Co., Ltd. (TPE:2617) Be Part Of Your Dividend Portfolio?

Nov 23
Should Taiwan Navigation Co., Ltd. (TPE:2617) Be Part Of Your Dividend Portfolio?

Financial Position Analysis

Short Term Liabilities: 2617's short term assets (NT$3.6B) exceed its short term liabilities (NT$2.1B).

Long Term Liabilities: 2617's short term assets (NT$3.6B) do not cover its long term liabilities (NT$7.5B).

Debt to Equity History and Analysis

Debt Level: 2617's net debt to equity ratio (27%) is considered satisfactory.

Reducing Debt: 2617's debt to equity ratio has increased from 38.1% to 45.4% over the past 5 years.

Debt Coverage: 2617's debt is well covered by operating cash flow (31%).

Interest Coverage: 2617's interest payments on its debt are well covered by EBIT (6.4x coverage).

Balance Sheet

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/02 18:29
End of Day Share Price 2025/01/22 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Taiwan Navigation Co., Ltd. is covered by 4 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Chi-Chang ChanJih Sun Securities Investment Consulting Co., Ltd.
Horn Yu ChienMasterlink Securities Corp.
Charles MaSinoPac Securities Investment Service