Taiwan High Speed Rail Balance Sheet Health
Financial Health criteria checks 2/6
Taiwan High Speed Rail has a total shareholder equity of NT$69.7B and total debt of NT$231.9B, which brings its debt-to-equity ratio to 333%. Its total assets and total liabilities are NT$390.2B and NT$320.5B respectively. Taiwan High Speed Rail's EBIT is NT$21.2B making its interest coverage ratio 3.5. It has cash and short-term investments of NT$25.6B.
Key information
332.95%
Debt to equity ratio
NT$231.91b
Debt
| Interest coverage ratio | 3.5x |
| Cash | NT$25.57b |
| Equity | NT$69.65b |
| Total liabilities | NT$320.53b |
| Total assets | NT$390.18b |
Recent financial health updates
Recent updates
Is Taiwan High Speed Rail (TWSE:2633) Using Too Much Debt?
Feb 11
Taiwan High Speed Rail (TWSE:2633) Is Experiencing Growth In Returns On Capital
Jan 24Pinning Down Taiwan High Speed Rail Corporation's (TWSE:2633) P/E Is Difficult Right Now
Jan 06Impressive Earnings May Not Tell The Whole Story For Taiwan High Speed Rail (TWSE:2633)
Nov 14Financial Position Analysis
Short Term Liabilities: 2633's short term assets (NT$31.0B) do not cover its short term liabilities (NT$35.4B).
Long Term Liabilities: 2633's short term assets (NT$31.0B) do not cover its long term liabilities (NT$285.1B).
Debt to Equity History and Analysis
Debt Level: 2633's net debt to equity ratio (296.2%) is considered high.
Reducing Debt: 2633's debt to equity ratio has reduced from 419.6% to 333% over the past 5 years.
Debt Coverage: 2633's debt is not well covered by operating cash flow (10.2%).
Interest Coverage: 2633's interest payments on its debt are well covered by EBIT (3.5x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/10/17 13:35 |
| End of Day Share Price | 2025/10/17 00:00 |
| Earnings | 2025/06/30 |
| Annual Earnings | 2024/12/31 |
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.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Taiwan High Speed Rail Corporation is covered by 3 analysts. 1 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 |
|---|---|
| Yili Chen | SinoPac Securities Investment Service |
| James Hung | Taiwan Ratings Corp. |
| Yiru Hu | Yuanta Research |