First Steamship Co Ltd (2601) — Working Capital to Net Assets Ratio
First Steamship Co Ltd (2601) has a Working Capital to Net Assets ratio of -47.8% as of September 2025. Working capital of NT$-4.77 Billion (current assets of NT$3.55 Billion minus current liabilities of NT$8.33 Billion) is measured against net assets of NT$9.99 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See 2601 net asset quality score to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
First Steamship Co Ltd Working Capital to Net Assets (2006–2024)
This chart shows how First Steamship Co Ltd's Working Capital to Net Assets ratio has evolved across 19 annual periods from 2006 to 2024. As of September 2025, the ratio stands at -47.8%, reflecting working capital of NT$-4.77 Billion against net assets of NT$9.99 Billion TWD. Check tangible equity quality of First Steamship Co Ltd to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for First Steamship Co Ltd (2006–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for First Steamship Co Ltd from 2006 to 2024, covering 19 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see First Steamship Co Ltd market cap and net worth.
| Year | WC/NA Ratio | Working Capital (TWD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | -45.5% | NT$-5.05 Billion | NT$11.10 Billion | NT$4.56 Billion | NT$9.62 Billion | ▼ -19.4 pp |
| 2023 | -26.1% | NT$-2.86 Billion | NT$10.95 Billion | NT$5.29 Billion | NT$8.14 Billion | ▼ -20.7 pp |
| 2022 | -5.4% | NT$-732.61 Million | NT$13.65 Billion | NT$6.48 Billion | NT$7.21 Billion | ▲ +4.6 pp |
| 2021 | -10.0% | NT$-1.33 Billion | NT$13.26 Billion | NT$7.92 Billion | NT$9.24 Billion | ▲ +35.7 pp |
| 2020 | -45.7% | NT$-5.53 Billion | NT$12.11 Billion | NT$8.09 Billion | NT$13.63 Billion | ▼ -28.0 pp |
| 2019 | -17.6% | NT$-2.34 Billion | NT$13.26 Billion | NT$8.66 Billion | NT$11.00 Billion | ▼ -10.3 pp |
| 2018 | -7.4% | NT$-962.73 Million | NT$13.08 Billion | NT$11.38 Billion | NT$12.34 Billion | ▲ +10.9 pp |
| 2017 | -18.3% | NT$-2.37 Billion | NT$12.93 Billion | NT$10.86 Billion | NT$13.22 Billion | ▼ -21.8 pp |
| 2016 | 3.5% | NT$368.21 Million | NT$10.66 Billion | NT$13.17 Billion | NT$12.80 Billion | ▼ -17.1 pp |
| 2015 | 20.5% | NT$2.64 Billion | NT$12.87 Billion | NT$15.78 Billion | NT$13.14 Billion | ▲ +19.9 pp |
| 2014 | 0.6% | NT$93.15 Million | NT$14.67 Billion | NT$14.24 Billion | NT$14.15 Billion | ▲ +1.1 pp |
| 2013 | -0.4% | NT$-57.43 Million | NT$13.74 Billion | NT$10.97 Billion | NT$11.03 Billion | ▲ +9.0 pp |
| 2012 | -9.4% | NT$-1.26 Billion | NT$13.38 Billion | NT$8.45 Billion | NT$9.71 Billion | ▼ -11.2 pp |
| 2011 | 1.8% | NT$199.30 Million | NT$11.30 Billion | NT$9.84 Billion | NT$9.64 Billion | ▼ -11.3 pp |
| 2010 | 13.0% | NT$1.15 Billion | NT$8.85 Billion | NT$8.51 Billion | NT$7.35 Billion | ▼ -1.8 pp |
| 2009 | 14.8% | NT$1.21 Billion | NT$8.12 Billion | NT$7.90 Billion | NT$6.69 Billion | ▲ +15.7 pp |
| 2008 | -0.9% | NT$-65.27 Million | NT$7.18 Billion | NT$4.68 Billion | NT$4.74 Billion | ▲ +29.5 pp |
| 2007 | -30.4% | NT$-1.40 Billion | NT$4.62 Billion | NT$2.73 Billion | NT$4.13 Billion | ▼ -2.5 pp |
| 2006 | -27.9% | NT$-919.45 Million | NT$3.29 Billion | NT$1.69 Billion | NT$2.61 Billion | — |