UMCUnited Microelectronics Corporation

$19.03

Is it safe?

Can UMC take a bad year?

United Microelectronics Corporation holds $159.0B more cash than debt, so a bad year is a question about profits, not about lenders.

$159.0B

Net cash

Net debt / EBITDA
net cash

Net debt / EBITDA · no net borrowings to measure against earnings

Interest cover
29.4×

Interest cover · operating profit covers the interest bill several times over

Annualised volatility
49%

Annualised volatility · roughly twice as jumpy as the market

Details
Total debtFY2024
$19.5B
Cash and short-term investments
$178.5B
Net cash
$159.0B
EBITDA, trailing twelve months
$96.9B
Operating profit, trailing twelve months
$51.6B
Debt / equity
0.05×
Total debt / EBITDA
0.20×
Annualised volatilitytwo years of daily moves
49%
Worst drawdown on file
−54%
Below its 52-week high
−32%

Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.