Taiwan Fertilizer Co Ltd

Capital Structure and Liquidity Taiwan Fertilizer Co Ltd maintains a strong liquidity position, with a current ratio of 3.18, indicating the company can cover its short-term obligations more than three times over. However, the company has a negative net cash position after subtracting total debt, which raises liquidity concerns. The debt-to-equity ratio is 0.01, suggesting a conservative capital structure with minimal reliance on debt financing. ### Profitability and Returns The company's return on equity (ROE) is 1.72%, and return on assets (ROA) is 1.14%, both of which are below the industry median for Agricultural Chemicals. This suggests that the company is underperforming in terms of generating returns relative to its equity and asset base. The net income of TWD 9.32 billion is supported by a gross profit of TWD 1.58 billion, but the operating income of TWD 326 million indicates a relatively narrow margin. ### Segments and Geographic Exposure The company operates as a single business segment focused on agricultural chemicals. Its geographic exposure is primarily concentrated in Taiwan, with no significant international operations disclosed. This concentration may expose the company to regional economic and regulatory risks. ### Growth Trajectory The company's revenue for the latest period is TWD 12.09 billion, but there is no disclosed growth trajectory or outlook for the next fiscal year. The free cash flow is negative at TWD -509 million, which may limit the company's ability to reinvest in growth opportunities. ### Risk Factors The company faces medium liquidity risk due to its negative net cash position after subtracting total debt. The dilution risk is low, as there is no indication of share dilution in the near term. The company's conservative debt structure and strong liquidity position mitigate credit risk. ### Recent Events There are no recent filings or transcripts disclosed that would indicate significant changes in the company's operations or strategy. The ESG controversies score is 100.00, indicating no major controversies, but the governance pillar score of 24.13 suggests room for improvement in corporate governance practices.