Sincere Navigation Corporation (TPE:2605)

Sincere Navigation Balance Sheet

Financials in millions TWD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	3,493	3,098	1,974	3,794	5,423	4,666
Short-Term Investments	1.35	5.41	293.41	1.32	1.26	1.3
Cash & Short-Term Investments	3,495	3,104	2,268	3,796	5,425	4,667
Cash Growth	31.59%	36.87%	-40.26%	-30.03%	16.23%	18.24%
Accounts Receivable	520.82	467.77	560.6	690.87	414.93	262.15
Other Receivables	45.03	185.08	183.99	48.01	123.52	167.45
Receivables	565.85	652.85	744.59	738.89	538.45	429.6
Inventory	58.06	50.99	70.39	156.09	209.32	99.81
Prepaid Expenses	142.07	39.11	31.05	43.26	32.23	37.74
Other Current Assets	3,382	3,335	2,276	776.65	371.37	335.1
Total Current Assets	7,643	7,182	5,389	5,511	6,576	5,569
Property, Plant & Equipment	15,003	15,158	14,263	14,573	13,401	15,561
Long-Term Deferred Tax Assets	7.1	7.13	7.75	7.84	5.03	6.86
Other Long-Term Assets	9.24	17.28	1,456	1,575	1,553	8.58
Total Assets	22,662	22,365	21,116	21,666	21,535	21,146
Accrued Expenses	-	-	-	-	-	103.7
Short-Term Debt	3,400	3,315	3,055	1,595	850	840
Current Portion of Long-Term Debt	278.96	137.72	271.78	379.27	1,245	839.47
Current Portion of Leases	4.09	4.71	5.97	4.47	5.56	5.75
Current Income Taxes Payable	40.57	27.82	48.29	7.17	92.04	0.54
Current Unearned Revenue	52.97	45.54	52.94	39.46	72.95	92.14
Other Current Liabilities	1,063	331.9	478.92	250.15	230.63	117.14
Total Current Liabilities	4,839	3,863	3,913	2,276	2,496	1,999
Long-Term Debt	-	206.58	1,286	1,907	2,624	2,712
Long-Term Leases	3.92	4.81	9.46	1.22	488.81	645.04
Long-Term Deferred Tax Liabilities	-	-	-	-	35.66	118.23
Other Long-Term Liabilities	-	-	-	-	23.6	-
Total Liabilities	4,876	4,108	5,230	4,197	5,668	5,507
Common Stock	5,854	5,854	5,854	5,854	5,854	5,854
Additional Paid-In Capital	165.89	165.58	165.59	243.79	243.2	242.61
Retained Earnings	11,086	11,834	10,771	10,627	11,012	10,601
Comprehensive Income & Other	680.19	403.86	-904.75	-898.41	-2,684	-2,216
Total Common Equity	17,786	18,257	15,886	15,825	14,425	14,481
Minority Interest	-	-	-	1,644	1,442	1,158
Shareholders' Equity	17,786	18,257	15,886	17,469	15,867	15,638
Total Liabilities & Equity	22,662	22,365	21,116	21,666	21,535	21,146
Total Debt	3,687	3,669	4,629	3,887	5,213	5,043
Net Cash (Debt)	-192.18	-565.31	-2,361	-91.62	211.54	-375.37
Net Cash Per Share	-0.33	-0.96	-4.03	-0.16	0.36	-0.64
Filing Date Shares Outstanding	585.35	585.35	585.35	585.35	585.35	585.35
Total Common Shares Outstanding	585.35	585.35	585.35	585.35	585.35	585.35
Working Capital	2,804	3,319	1,476	3,235	4,080	3,571
Book Value Per Share	30.38	31.19	27.14	27.04	24.64	24.74
Tangible Book Value	17,786	18,257	15,886	15,825	14,425	14,481
Tangible Book Value Per Share	30.38	31.19	27.14	27.04	24.64	24.74
Land	90.22	90.22	90.22	90.22	90.22	90.22
Buildings	30.82	30.82	30.82	28.95	28.19	28.19
Machinery	30,142	29,706	27,630	27,550	24,155	26,948
Construction In Progress	2.17	4.35	2.14	2.14	-	-
Leasehold Improvements	1.11	1.1	1.03	-	-	-

Updated Mar 12, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.