Balance Sheet Chinese Maritime Transport Ltd.

Equities

2612

TW0002612009

Marine Freight & Logistics

End-of-day quote Taiwan S.E. Other stock markets 2025-07-08			5-day change	1st Jan Change
41.90 ^TWD	-0.24%		-1.76%	+2.57%

05-28	Chinese Maritime Transport Ltd. Announces 2Nd Sustainable Development Committee Members	CI
05-28	Chinese Maritime Transport Ltd. Announces Compensation Committee Changes, Effective May 28, 2025	CI

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Published financial data: CHINESE MARITIME TRANSPORT LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	3.13B	3.55B	4.41B	4.01B	4.64B
Total Revenues	3.13B	3.55B	4.41B	4.01B	4.64B
Cost of Goods Sold, Total	2.58B	2.78B	3.02B	3.16B	3.45B
Gross Profit	548M	774M	1.39B	857M	1.18B
Selling General & Admin Expenses, Total	360M	399M	427M	451M	461M
Provision for Bad Debts	16K	87K	133K	-81K	-110K
Depreciation & Amortization - (IS)	13.17M	17.83M	26.01M	29.34M	27.97M
Amortization of Goodwill and Intangible Assets - (IS)	3.21M	3.61M	3.13M	2.97M	2.96M
Other Operating Expenses, Total	376M	420M	456M	483M	492M
Operating Income	172M	354M	929M	374M	693M
Interest Expense, Total	-150M	-97.03M	-152M	-368M	-511M
Interest And Investment Income	25.06M	8.21M	47.5M	152M	177M
Net Interest Expenses	-125M	-88.82M	-104M	-216M	-334M
Income (Loss) On Equity Invest.	68.89M	21.81M	16.06M	36.82M	57.89M
Currency Exchange Gains (Loss)	-1.57M	3.68M	28.01M	-1.7M	30.06M
Other Non Operating Income (Expenses)	33.44M	50.63M	159M	145M	128M
EBT, Excl. Unusual Items	147M	341M	1.03B	338M	575M
Gain (Loss) On Sale Of Investments	208M	765M	-212M	83.15M	51.17M
Gain (Loss) On Sale Of Assets	-3.17M	6.64M	25.61M	11.56M	429M
EBT, Incl. Unusual Items	352M	1.11B	841M	433M	1.05B
Income Tax Expense	23.02M	81.99M	83.22M	109M	44.46M
Earnings From Continuing Operations	329M	1.03B	758M	324M	1.01B
Net Income to Company	329M	1.03B	758M	324M	1.01B
Minority Interest	-	7.18M	8.11M	4.46M	2.38M
Net Income - (IS)	329M	1.04B	766M	328M	1.01B
Preferred Dividend and Other Adjustments	-	-2.41M	-	-	-
Net Income to Common Incl Extra Items	329M	1.04B	766M	328M	1.01B
Net Income to Common Excl. Extra Items	329M	1.04B	766M	328M	1.01B
Per Share Items
Net EPS - Basic	1.67	5.27	3.88	1.66	5.13
Basic EPS - Continuing Operations	1.67	5.27	3.88	1.66	5.13
Basic Weighted Average Shares Outstanding	197M	197M	197M	197M	197M
Net EPS - Diluted	1.66	5.26	3.87	1.66	5.12
Diluted EPS - Continuing Operations	1.66	5.26	3.87	1.66	5.12
Diluted Weighted Average Shares Outstanding	198M	198M	198M	198M	198M
Normalized Basic EPS	0.47	1.12	3.29	1.09	1.83
Normalized Diluted EPS	0.47	1.12	3.29	1.09	1.83
Dividend Per Share	-	2.68	2.18	1	2.1
Payout Ratio	48.01	30.44	69.09	131.12	19.5
Supplemental Items
EBITDA	1.05B	1.2B	1.86B	1.5B	2.01B
EBITA	175M	358M	932M	377M	696M
EBIT	172M	354M	929M	374M	693M
EBITDAR	-	-	-	-	-
Total Revenues (As Reported)	3.13B	3.55B	4.41B	4.01B	4.64B
Effective Tax Rate - (Ratio)	6.54	7.37	9.89	25.13	4.21
Total Current Taxes	23.41M	76.37M	76.08M	114M	39.68M
Total Deferred Taxes	-392K	5.62M	7.14M	-4.94M	4.78M
Normalized Net Income	91.93M	220M	651M	216M	362M
Interest on Long-Term Debt	61.62M	49.9M	36.64M	34.72M	34.7M
Non-Cash Pension Expense	275K	151K	145K	106K	108K
Supplemental Operating Expense Items
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	3.74B	3.06B	3.99B	3.95B	4.36B
Short Term Investments	25.4M	30.76M	25.07M	52.27M	66.19M
Trading Asset Securities, Total	635M	480M	315M	585M	96.29M
Total Cash And Short Term Investments	4.4B	3.57B	4.33B	4.58B	4.52B
Accounts Receivable, Total	298M	346M	295M	275M	253M
Other Receivables	22.27M	30.29M	29.31M	12.81M	23.97M
Total Receivables	320M	376M	324M	288M	277M
Inventory	-	-	-	60.08M	37.09M
Other Current Assets, Total	356M	464M	321M	348M	284M
Total Current Assets	5.08B	4.41B	4.97B	5.28B	5.12B
Gross Property Plant And Equipment	20.43B	21.34B	24.61B	27.68B	31.79B
Accumulated Depreciation	-8.17B	-8.87B	-10.57B	-11.57B	-12.28B
Net Property Plant And Equipment	12.26B	12.48B	14.04B	16.12B	19.52B
Long-term Investments	2.03B	1.82B	1.01B	1.39B	2.65B
Other Intangibles, Total	9.8M	8.38M	5.3M	4.19M	10.91M
Deferred Tax Assets Long-Term	15.98M	13.65M	11.92M	9.44M	9.86M
Other Long-Term Assets, Total	88.74M	348M	404M	609M	101M
Total Assets	19.48B	19.08B	20.45B	23.41B	27.41B
Liabilities
Accounts Payable, Total	166M	240M	172M	175M	170M
Accrued Expenses, Total	139M	151M	175M	157M	-
Short-term Borrowings	195M	1.46B	1.9B	3.02B	2.89B
Current Portion of Long-Term Debt	2.91B	1.23B	877M	743M	3.41B
Current Portion of Leases	44.53M	51.29M	45.85M	52.84M	37.71M
Current Income Taxes Payable	10.75M	35.57M	60.26M	90.86M	21.57M
Unearned Revenue Current, Total	34.14M	55.22M	57.68M	42.01M	109M
Other Current Liabilities	2.89M	2.61M	3.73M	2.81M	200M
Total Current Liabilities	3.5B	3.22B	3.29B	4.28B	6.84B
Long-Term Debt	5.47B	4.62B	4.76B	6.75B	6.21B
Long-Term Leases	122M	169M	125M	108M	97.49M
Pension & Other Post Retirement Benefits	31.7M	30.71M	8.43M	11.07M	4.04M
Deferred Tax Liability Non Current	607M	607M	616M	608M	615M
Other Non Current Liabilities	670K	3.18M	4M	3.83M	3.62M
Total Liabilities	9.73B	8.65B	8.8B	11.76B	13.76B
Common Stock, Total	1.97B	1.97B	1.97B	1.97B	1.97B
Additional Paid In Capital	53.41M	53.41M	53.41M	53.41M	53.41M
Retained Earnings	8.61B	9.32B	9.57B	9.46B	10.55B
Comprehensive Income and Other	-884M	-935M	46.87M	92.66M	1.05B
Total Common Equity	9.75B	10.41B	11.64B	11.58B	13.63B
Minority Interest	-	17.48M	9.37M	64.91M	20.54M
Total Equity	9.75B	10.43B	11.65B	11.65B	13.65B
Total Liabilities And Equity	19.48B	19.08B	20.45B	23.41B	27.41B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	197M	197M	197M	197M	197M
ECS Total Common Shares Outstanding	197M	197M	197M	197M	197M
Book Value / Share	49.37	52.72	58.95	58.66	69.01
Tangible Book Value	9.74B	10.4B	11.64B	11.58B	13.62B
Tangible Book Value Per Share	49.32	52.67	58.93	58.64	68.95
Total Debt	8.74B	7.53B	7.7B	10.67B	12.64B
Net Debt	4.34B	3.96B	3.37B	6.09B	8.12B
Debt Equivalent of Unfunded Proj. Benefit Obligation	31.7M	30.71M	8.43M	9.07M	-689K
Debt Equivalent Oper. Leases	-	-	-	-	-
Minority Interest, Total (Incl. Fin. Div)	-	17.48M	9.37M	64.91M	20.54M
Equity Method Investments, Total	630M	588M	636M	658M	1.93B
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Finished Goods, Total	-	-	-	60.08M	37.09M
Land - (BS)	1.72B	1.7B	1.7B	1.7B	1.7B
Buildings, Total	145M	193M	259M	229M	253M
Machinery, Total	18.29B	18.17B	20.22B	24.06B	28.5B
Accumulated Allowance for Doubtful Accounts (Supple)	174K	261K	394K	313K	203K

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	329M	1.11B	766M	328M	1.01B
Depreciation & Amortization - CF	928M	886M	980M	1.17B	1.37B
Amortization of Goodwill and Intangible Assets - (CF)	3.21M	3.61M	3.15M	2.99M	3.23M
Depreciation & Amortization, Total	932M	889M	983M	1.17B	1.37B
(Gain) Loss From Sale Of Asset	3.17M	-6.64M	-25.61M	-11.56M	-429M
(Gain) Loss on Sale of Investments - (CF)	-208M	-765M	212M	-83.15M	-51.17M
(Income) Loss On Equity Investments - (CF)	-68.89M	-21.81M	-16.06M	-36.82M	-57.89M
Provision and Write-off of Bad Debts	16K	87K	133K	-81K	-110K
Other Operating Activities, Total	19.76M	-35.59M	52.11M	24.42M	-31.72M
Change in Trading Asset Securities	-	-	-	4.06M	6.48M
Change In Accounts Receivable	-7.11M	-48.36M	51.34M	19.95M	22.28M
Change In Inventories	-	-	-	-60.08M	22.98M
Change In Accounts Payable	-73.09M	73.96M	-67.91M	2.61M	-4.62M
Change in Unearned Revenues	14.81M	21.08M	2.46M	-15.67M	67.1M
Change in Other Net Operating Assets	-64.29M	-84.81M	-14.7M	-73.42M	-52.63M
Cash from Operations	877M	1.14B	1.94B	1.27B	1.87B
Capital Expenditure	-114M	-1.07B	-1.39B	-3.18B	-3.92B
Sale of Property, Plant, and Equipment	13.51M	11.64M	53.73M	23.79M	657M
Cash Acquisitions	-	-32.88M	-	-	-
Sale (Purchase) of Intangible assets	-	-	-68K	-1.87M	-9.96M
Investment in Marketable and Equity Securities, Total	-44.1M	849M	780M	-781M	246M
Other Investing Activities, Total	-28.3M	-28.84M	-32.99M	-47.13M	56.35M
Cash from Investing	-173M	-271M	-594M	-3.98B	-2.97B
Short Term Debt Issued, Total	-	1.26B	440M	1.12B	-
Long-Term Debt Issued, Total	2.5B	712M	448M	2.55B	2.82B
Total Debt Issued	2.5B	1.98B	887M	3.67B	2.82B
Short Term Debt Repaid, Total	-1.33B	-	-	-	-130M
Long-Term Debt Repaid, Total	-1.09B	-3.25B	-1.03B	-711M	-1.13B
Total Debt Repaid	-2.43B	-3.25B	-1.03B	-711M	-1.26B
Repurchase of Common Stock	-	-	-	-	-
Common Dividends Paid	-158M	-316M	-529M	-431M	-197M
Common & Preferred Stock Dividends Paid	-158M	-316M	-529M	-431M	-197M
Other Financing Activities, Total	-291K	2.51M	822K	59.83M	-42.22M
Cash from Financing	-83.56M	-1.58B	-669M	2.59B	1.33B
Foreign Exchange Rate Adjustments	-167M	-36.11M	252M	1.26M	184M
Net Change in Cash	454M	-757M	932M	-120M	414M
Supplemental Items
Cash Interest Paid	160M	109M	134M	362M	497M
Cash Income Tax Paid (Refund)	36.81M	50.12M	51.45M	97.82M	127M
Levered Free Cash Flow	633M	-52.49M	253M	-2.13B	-2.32B
Unlevered Free Cash Flow	726M	8.16M	348M	-1.9B	-2B
Change In Net Working Capital	199M	32.29M	-179M	128M	-131M
Net Debt Issued / Repaid	74.72M	-1.27B	-141M	2.96B	1.57B

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	0.54	1.15	2.94	1.07	1.7
Return on Total Capital	0.57	1.21	3.11	1.12	1.78
Return On Equity %	3.34	10.19	6.87	2.78	7.99
Return on Common Equity	3.34	10.31	6.95	2.83	8.03
Margin Analysis
Gross Profit Margin %	17.5	21.79	31.41	21.35	25.54
SG&A Margin	11.5	11.22	9.68	11.23	9.93
EBITDA Margin %	33.69	33.67	42.22	37.32	43.37
EBITA Margin %	5.58	10.06	21.14	9.4	15.01
EBIT Margin %	5.48	9.96	21.07	9.32	14.94
Income From Continuing Operations Margin %	10.51	29.01	17.19	8.07	21.79
Net Income Margin %	10.51	29.21	17.37	8.18	21.84
Net Avail. For Common Margin %	10.51	29.28	17.37	8.18	21.84
Normalized Net Income Margin	2.94	6.2	14.75	5.37	7.8
Levered Free Cash Flow Margin	20.2	-1.48	5.74	-53.02	-49.95
Unlevered Free Cash Flow Margin	23.2	0.23	7.89	-47.29	-43.06
Asset Turnover
Asset Turnover	0.16	0.18	0.22	0.18	0.18
Fixed Assets Turnover	0.24	0.29	0.33	0.27	0.26
Receivables Turnover (Average Receivables)	10.65	11.04	13.77	14.1	17.59
Inventory Turnover (Average Inventory)	-	-	-	-	71.07
Short Term Liquidity
Current Ratio	1.45	1.37	1.51	1.23	0.75
Quick Ratio	1.35	1.22	1.41	1.14	0.7
Operating Cash Flow to Current Liabilities	0.25	0.35	0.59	0.3	0.27
Days Sales Outstanding (Average Receivables)	34.36	33.06	26.51	25.88	20.81
Days Outstanding Inventory (Average Inventory)	-	-	-	-	5.15
Average Days Payable Outstanding	28.7	26.67	24.87	-	18.4
Cash Conversion Cycle (Average Days)	-	-	-	-	7.55
Long Term Solvency
Total Debt/Equity	89.67	72.16	66.11	91.63	92.61
Total Debt / Total Capital	47.28	41.91	39.8	47.82	48.08
LT Debt/Equity	57.34	45.92	41.89	58.87	46.19
Long-Term Debt / Total Capital	30.23	26.67	25.22	30.72	23.98
Total Liabilities / Total Assets	49.96	45.34	43.03	50.25	50.21
EBIT / Interest Expense	1.14	3.65	6.12	1.02	1.36
EBITDA / Interest Expense	7.34	12.81	12.58	4.21	4.04
(EBITDA - Capex) / Interest Expense	6.59	1.78	3.41	-4.42	-3.64
Total Debt / EBITDA	7.92	6.05	4.03	6.89	6.13
Net Debt / EBITDA	3.93	3.18	1.76	3.93	3.94
Total Debt / (EBITDA - Capex)	8.84	43.45	14.89	-6.56	-6.8
Net Debt / (EBITDA - Capex)	4.39	22.85	6.52	-3.74	-4.37
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-16.79	13.45	24.09	-8.96	15.52
Gross Profit, 1 Yr. Growth %	-33.93	41.43	78.89	-38.11	38.17
EBITDA, 1 Yr. Growth %	-22.96	14.83	55.59	-19.53	34.25
EBITA, 1 Yr. Growth %	-62.25	121.09	160.73	-59.54	84.57
EBIT, 1 Yr. Growth %	-62.69	123.29	162.5	-59.72	85.18
Earnings From Cont. Operations, 1 Yr. Growth %	1.6	221.8	-26.48	-57.27	211.99
Net Income, 1 Yr. Growth %	1.6	220.33	-26.21	-57.14	208.47
Normalized Net Income, 1 Yr. Growth %	-61.39	144.39	195.09	-66.86	67.82
Diluted EPS Before Extra, 1 Yr. Growth %	1.23	216.87	-26.43	-57.11	208.43
Accounts Receivable, 1 Yr. Growth %	2.44	16.21	-14.87	-6.74	-8.07
Inventory, 1 Yr. Growth %	-	-	-	-	-38.26
Net Property, Plant and Equip., 1 Yr. Growth %	-10.93	1.68	12.54	14.8	21.07
Total Assets, 1 Yr. Growth %	-2.37	-2.38	7.19	14.49	17.08
Tangible Book Value, 1 Yr. Growth %	-1.84	6.44	11.87	-0.49	17.59
Common Equity, 1 Yr. Growth %	-1.86	6.42	11.83	-0.5	17.64
Cash From Operations, 1 Yr. Growth %	-35.12	31.39	71.17	-30.18	47.2
Capital Expenditures, 1 Yr. Growth %	-53.19	805.69	30.31	127.84	23.4
Levered Free Cash Flow, 1 Yr. Growth %	-37.52	-108.46	-582.12	-744.48	8.83
Unlevered Free Cash Flow, 1 Yr. Growth %	-37.41	-98.86	4.17K	-546.49	5.19
Dividend Per Share, 1 Yr. Growth %	-	-	-18.66	-54.13	110
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-9.47	-2.82	18.65	6.29	2.55
Gross Profit, 2 Yr. CAGR %	-24.84	-3.36	59.06	5.22	-7.53
EBITDA, 2 Yr. CAGR %	-15.92	-6.51	33.67	11.9	3.94
EBITA, 2 Yr. CAGR %	-46.49	-12.1	140.09	2.71	-13.58
EBIT, 2 Yr. CAGR %	-46.84	-12.24	142.1	2.83	-13.63
Earnings From Cont. Operations, 2 Yr. CAGR %	-19.97	78.43	53.81	-43.95	15.46
Net Income, 2 Yr. CAGR %	-19.97	79.05	53.74	-43.76	14.98
Normalized Net Income, 2 Yr. CAGR %	-48.73	-3.77	168.54	-1.11	-25.43
Diluted EPS Before Extra, 2 Yr. CAGR %	-20.1	79.1	52.69	-43.82	15.02
Accounts Receivable, 2 Yr. CAGR %	-0.89	9.16	-0.54	-10.9	-7.41
Net Property, Plant and Equip., 2 Yr. CAGR %	-7.84	-4.81	6.97	13.66	17.89
Total Assets, 2 Yr. CAGR %	-2.33	-2.23	2.3	10.78	15.78
Tangible Book Value, 2 Yr. CAGR %	-2.16	2.39	9.12	5.51	8.17
Common Equity, 2 Yr. CAGR %	-2.17	2.37	9.09	5.49	8.19
Cash From Operations, 2 Yr. CAGR %	-17.23	-8.36	49.97	5.91	1.38
Capital Expenditures, 2 Yr. CAGR %	-15.05	109.79	243.55	72.31	67.68
Levered Free Cash Flow, 2 Yr. CAGR %	-15.39	-77.23	-36.13	536.81	164.84
Unlevered Free Cash Flow, 2 Yr. CAGR %	-16.15	-91.62	-30.2	1.43K	116.71
Dividend Per Share, 2 Yr. CAGR %	-	83.03	-	-38.92	-1.85
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-0.91	-2.38	5.43	8.63	9.28
Gross Profit, 3 Yr. CAGR %	-0.62	-7.22	18.66	16.12	15.22
EBITDA, 3 Yr. CAGR %	0.18	-7.09	10.79	12.87	18.9
EBITA, 3 Yr. CAGR %	-6.05	-16.31	26.29	32.62	24.87
EBIT, 3 Yr. CAGR %	-6.07	-16.45	26.44	33.15	25.1
Earnings From Cont. Operations, 3 Yr. CAGR %	49.71	26.14	32.77	0.36	-0.67
Net Income, 3 Yr. CAGR %	49.71	26.43	33.24	0.43	-0.82
Normalized Net Income, 3 Yr. CAGR %	14.85	-14.26	39.81	33.7	17.95
Diluted EPS Before Extra, 3 Yr. CAGR %	49.53	26.47	33.14	0	-0.9
Accounts Receivable, 3 Yr. CAGR %	3.4	4.54	0.48	-2.65	-9.97
Net Property, Plant and Equip., 3 Yr. CAGR %	-5.96	-4.75	0.66	9.52	16.08
Total Assets, 3 Yr. CAGR %	-1	-2.25	0.82	6.21	12.84
Tangible Book Value, 3 Yr. CAGR %	1.15	0.74	5.46	5.82	9.39
Common Equity, 3 Yr. CAGR %	1.13	0.73	5.43	5.8	9.39
Cash From Operations, 3 Yr. CAGR %	2.82	-3.92	12.86	13.8	18.2
Capital Expenditures, 3 Yr. CAGR %	-62.46	89.31	79	199.6	54.16
Levered Free Cash Flow, 3 Yr. CAGR %	-23.14	-60.98	-37.01	50.83	253.39
Unlevered Free Cash Flow, 3 Yr. CAGR %	-16.86	-80.09	-33.07	38.53	525.62
Dividend Per Share, 3 Yr. CAGR %	-	-	39.68	-	-7.81
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-1.41	1.52	6.5	1	4.27
Gross Profit, 5 Yr. CAGR %	-10.23	-0.84	19.94	-2.43	7.4
EBITDA, 5 Yr. CAGR %	-4.37	-0.36	12.16	0.08	8
EBITA, 5 Yr. CAGR %	-21.72	-4.9	34.65	-9.17	8.51
EBIT, 5 Yr. CAGR %	-21.91	-4.95	35.04	-9.21	8.56
Earnings From Cont. Operations, 5 Yr. CAGR %	-0.23	84.72	50.54	-8.81	25.55
Net Income, 5 Yr. CAGR %	-0.23	84.98	50.86	-8.56	25.61
Normalized Net Income, 5 Yr. CAGR %	-18.42	6.25	60.72	-9.22	8.73
Diluted EPS Before Extra, 5 Yr. CAGR %	-0.3	91.34	50.78	-8.58	25.57
Accounts Receivable, 5 Yr. CAGR %	2.56	4.21	1.83	-1.93	-2.75
Net Property, Plant and Equip., 5 Yr. CAGR %	-2.51	-2.98	-0.98	2.22	7.23
Total Assets, 5 Yr. CAGR %	-1.78	-2.34	0.37	2.77	6.55
Tangible Book Value, 5 Yr. CAGR %	-2.63	0.17	4.34	2.62	6.53
Common Equity, 5 Yr. CAGR %	-2.63	0.17	4.31	2.6	6.53
Cash From Operations, 5 Yr. CAGR %	-7.18	3.85	19.22	-0.1	6.76
Capital Expenditures, 5 Yr. CAGR %	-27.28	-7.31	-8.31	82.32	74.38
Levered Free Cash Flow, 5 Yr. CAGR %	2.63	-39.08	-28.9	19.23	18
Unlevered Free Cash Flow, 5 Yr. CAGR %	2.59	-56.4	-22.73	12.94	11.47
Dividend Per Share, 5 Yr. CAGR %	-	-	34.24	-	21.29