Taiwan Navigation Balance Sheet Health
Financial Health criteria checks 4/6
Taiwan Navigation has a total shareholder equity of NT$16.5B and total debt of NT$6.7B, which brings its debt-to-equity ratio to 40.7%. Its total assets and total liabilities are NT$25.2B and NT$8.7B respectively. Taiwan Navigation's EBIT is NT$1.4B making its interest coverage ratio -3.1. It has cash and short-term investments of NT$2.7B.
Key information
40.7%
Debt to equity ratio
NT$6.72b
Debt
| Interest coverage ratio | -3.1x |
| Cash | NT$2.66b |
| Equity | NT$16.50b |
| Total liabilities | NT$8.74b |
| Total assets | NT$25.25b |
Recent financial health updates
We Think Taiwan Navigation (TPE:2617) Is Taking Some Risk With Its Debt
Apr 14
Does Taiwan Navigation (TPE:2617) Have A Healthy Balance Sheet?
Dec 27
Recent updates
Why Taiwan Navigation's (TWSE:2617) Shaky Earnings Are Just The Beginning Of Its Problems
Mar 21We Think Taiwan Navigation (TPE:2617) Is Taking Some Risk With Its Debt
Apr 14Three Things You Should Check Before Buying Taiwan Navigation Co., Ltd. (TPE:2617) For Its Dividend
Mar 09Did You Participate In Any Of Taiwan Navigation's (TPE:2617) Respectable 50% Return?
Feb 16Can Taiwan Navigation (TPE:2617) Continue To Grow Its Returns On Capital?
Jan 29We're Not So Sure You Should Rely on Taiwan Navigation's (TPE:2617) Statutory Earnings
Jan 11Does Taiwan Navigation (TPE:2617) Have A Healthy Balance Sheet?
Dec 27Taiwan Navigation Co., Ltd.'s (TPE:2617) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?
Dec 09Should Taiwan Navigation Co., Ltd. (TPE:2617) Be Part Of Your Dividend Portfolio?
Nov 23Financial Position Analysis
Short Term Liabilities: 2617's short term assets (NT$3.1B) exceed its short term liabilities (NT$1.6B).
Long Term Liabilities: 2617's short term assets (NT$3.1B) do not cover its long term liabilities (NT$7.2B).
Debt to Equity History and Analysis
Debt Level: 2617's net debt to equity ratio (24.6%) is considered satisfactory.
Reducing Debt: 2617's debt to equity ratio has increased from 37% to 40.7% over the past 5 years.
Debt Coverage: 2617's debt is well covered by operating cash flow (35.4%).
Interest Coverage: 2617 earns more interest than it pays, so coverage of interest payments is not a concern.