Sincere Navigation (TPE:2605) Interest Coverage: 25.58 (As of Dec. 2025) — 449% Above Median

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TPE:2605 Sincere Navigation Corp TPE:2605
84 GF Score
Price NT$31.65
GF Value NT$28.06
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Sincere Navigation Interest Coverage?

Sincere Navigation TPE:2605 +4.98% 84 Interest Coverage is 25.58 as of Dec. 2025, which is 449% above its 10-year median of 4.66. GuruFocus rates TPE:2605 with a GF Score™ of 84/100 and a GF Value™ of NT$28.06 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 842 Transportation companies, Sincere Navigation ranks better than 65.8% on this metric.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. Sincere Navigation's Operating Income for the three months ended in Dec. 2025 was NT$518 Mil. Sincere Navigation's Interest Expense for the three months ended in Dec. 2025 was NT$-20 Mil. Sincere Navigation's interest coverage for the quarter that ended in Dec. 2025 was 25.58. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Sincere Navigation's Interest Coverage or its related term are showing as below:

TPE:2605' s Interest Coverage Range Over the Past 10 Years
Min: 1.29   Med: 4.66   Max: 10.61
Current: 9.66


TPE:2605's Interest Coverage is ranked better than
65.8% of 842 companies
in the Transportation industry
Industry Median: 5.72 vs TPE:2605: 9.66

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


Sincere Navigation  (TPE:2605) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .


Sincere Navigation Interest Coverage Related Terms


Sincere Navigation Interest Coverage Historical Data

* Premium members only.

The historical data trend for Sincere Navigation's Interest Coverage can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Sincere Navigation Interest Coverage Chart

Sincere Navigation Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.25 3.31 4.43 10.61 9.66

Sincere Navigation Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.45 0.00 7.16 7.55 25.58

Sincere Navigation Interest Coverage Competitor Comparison

For the Marine Shipping subindustry, Sincere Navigation's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Sincere Navigation Interest Coverage vs Transportation Industry

For the Transportation industry and Industrials sector, Sincere Navigation's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Sincere Navigation's Interest Coverage falls into.


TPE:2605
84GF Score
Sincere Navigation Corp TPE:2605
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sincere Navigation Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Sincere Navigation's Interest Coverage for the fiscal year that ended in Dec. 2025 is calculated as

Here, for the fiscal year that ended in Dec. 2025, Sincere Navigation's Interest Expense was NT$-81 Mil. Its Operating Income was NT$786 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$3 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2025 )/Interest Expense (A: Dec. 2025 )
=-1*786.227/-81.386
=9.66

Sincere Navigation's Interest Coverage for the quarter that ended in Dec. 2025 is calculated as

Here, for the three months ended in Dec. 2025, Sincere Navigation's Interest Expense was NT$-20 Mil. Its Operating Income was NT$518 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$3 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2025 )/Interest Expense (Q: Dec. 2025 )
=-1*518.09/-20.257
=25.58

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

The higher the ratio, the stronger the company's Financial Strength is.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 25.58 mean?
Sincere Navigation (TPE:2605) has a Interest Coverage of 25.58 as of Dec. 2025. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Sincere Navigation and its competitors. This is 449% above median its historical median of 4.66. Over the past decade, Sincere Navigation's Interest Coverage has ranged from 1.29 to 10.61. According to the industry distribution chart, Sincere Navigation ranks #288 out of 842 companies in the Transportation industry, placing it in the top 34.2%.
Is Sincere Navigation's Interest Coverage too high?
Sincere Navigation's current Interest Coverage of 25.58 is 449% above median its 10-year median of 4.66. Over the past 10 years, this metric has ranged from a low of 1.29 to a high of 10.61. The Transportation industry median Interest Coverage is 5.72. Sincere Navigation's value of 25.58 is 347.2% above this industry median. Based on the distribution chart, Sincere Navigation ranks #288 out of 842 companies in the Transportation industry, which is above the industry midpoint. Overall, Sincere Navigation has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sincere Navigation's Interest Coverage compare to competitors?
According to the Transportation industry distribution chart, Sincere Navigation ranks #288 out of 842 companies for Interest Coverage. This puts Sincere Navigation in the upper half of its industry. The industry median Interest Coverage is 5.72. Sincere Navigation's value of 25.58 is 347.2% above this benchmark. Historically, Sincere Navigation's own Interest Coverage has ranged from 1.29 to 10.61 over the past decade. While the company's 10-year median is 4.66 vs. the industry median of 5.72, Sincere Navigation has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for a Transportation company?
The median Interest Coverage among Transportation companies is 5.72, based on 842 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Sincere Navigation's current Interest Coverage of 25.58 is 347.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Sincere Navigation and its competitors. For the Transportation industry, the median Interest Coverage is 5.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sincere Navigation's current Interest Coverage is 25.58, which is 449% above median its own 10-year median of 4.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sincere Navigation stock overvalued right now?
Based on GuruFocus' analysis, Sincere Navigation (TPE:2605) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$28.06, compared to a current price of NT$31.65 — trading 12.8% above its estimated fair value. The current Interest Coverage is 25.58, which is 449% above median its 10-year median of 4.66 and 347.2% above the Transportation industry median of 5.72. Sincere Navigation's overall GF Score™ is 84/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Sincere Navigation (TPE:2605), the current Interest Coverage is 25.58 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Sincere Navigation (TPE:2605) Overvalued in 2026?

Based on GuruFocus' analysis, Sincere Navigation stock appears to be overvalued. The current stock price of NT$31.65 is trading 12.8% above its estimated GF Value™ of NT$28.06. GuruFocus considers Sincere Navigation to be Modestly Overvalued.

Key valuation signals for TPE:2605:

  • Interest Coverage: 25.58 (449% above median its 10-year median of 4.66)
  • GF Value™: NT$28.06 vs. price of NT$31.65 (12.8% above fair value)
  • GF Score™: 84/100 with 7 warning signs
  • Industry Position: 347.2% above the Transportation median (#288 of 842)

No single metric tells the full story. See the TPE:2605 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sincere Navigation Business Description

Address Fuxing South Road, 14th Floor, No. 368, Section 1, Taipei, TWN, 10656
Sincere Navigation Corp is a bulk shipping transportation company in Taiwan. The company's main business line is to provide an integrated shipping solution. It provides a consistent, high-quality transportation service to customers around the world in key industries such as coal and iron ore mining, steel, energy, and paper. It provides tug and barge services. Its segment includes the Bulk carrier and Oil tanker segments. It derives the majority of the revenue from the Bulk carrier segment.
84GF Score

Get the complete analysis for TPE:2605

Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$31.65
Price
NT$28.06
GF Value