National Aerospace Fasteners Corp

The company maintains a debt-to-equity ratio of 0.82 and a current ratio of 1.6, indicating moderate leverage and acceptable short-term liquidity. Free cash flow is negative at -500.4 million TWD, driven by capital expenditures of -931.6 million TWD, suggesting active reinvestment in operations. Profitability metrics show a return on equity of 9.09% and return on assets of 4.11%, both below the industry median for industrial machinery firms. Gross margin of 24.45% (991.6 million TWD gross profit on 4.06 billion TWD revenue) is in line with sector norms, but operating margin of 11.67% (473.4 million TWD) lags behind peers. Revenue is concentrated in aerospace fastening systems, with disclosed geographic exposure limited to Asia-Pacific markets. No material segment disclosures are available in the latest financials. Outlook data shows a 3.2% year-over-year revenue decline in the current fiscal year, with a projected 1.8% contraction in the next fiscal year. This follows a 5.7% revenue decline in the prior year. Risk assessment flags include negative net cash position after subtracting total debt, with liquidity risk rated as medium. Dilution risk is low, with no near-term share issuance activity detected in the latest filings. Recent 10-K filings disclose ongoing supply chain constraints and raw material price volatility as key operational risks. No material litigation or regulatory actions were disclosed in the latest quarterly reports.