燦星網
493014.40−0.65−4.32%收盤・資料日 2026-11-06
法說 11/13
償債能力單位：%（利息保障倍數：倍）；資料到 2026 Q2
2026 Q243.81%381.37%342.92%−5.1 倍
負債比率（%）
流動比率、速動比率（%）
利息保障倍數（倍）
21Q422Q222Q423Q223Q424Q224Q425Q225Q426Q2
| 期間 | 負債比率 | 流動比率 | 速動比率 | 利息保障倍數 |
|---|---|---|---|---|
| 2026 Q2 | 43.81% | 381.37% | 342.92% | −5.1 |
| 2026 Q1 | 43.13% | 387.77% | 353.95% | −2.5 |
| 2025 Q4 | 43.75% | 333.81% | 295.95% | 1.3 |
| 2025 Q3 | 44.49% | 297.82% | 264.58% | 3.7 |
| 2025 Q2 | 44.97% | 259.06% | 226.42% | 0.5 |
| 2025 Q1 | 46.71% | 213.60% | 190.59% | 4.3 |
| 2024 Q4 | 47.65% | 227.96% | 200.46% | 6.8 |
| 2024 Q3 | 48.08% | 224.01% | 199.96% | 7.2 |
| 2024 Q2 | 47.88% | 257.90% | 227.06% | 6.0 |
| 2024 Q1 | 47.85% | 282.94% | 257.30% | 5.5 |
| 2023 Q4 | 47.28% | 293.78% | 264.63% | 6.3 |
| 2023 Q3 | 47.54% | 315.29% | 288.18% | 17.1 |
| 2023 Q2 | 49.45% | 356.90% | 326.07% | 5.0 |
| 2023 Q1 | 49.80% | 344.04% | 315.11% | 3.3 |
| 2022 Q4 | 48.94% | 332.52% | 301.52% | 4.6 |
| 2022 Q3 | 51.73% | 283.30% | 260.18% | 7.2 |
| 2022 Q2 | 54.13% | 262.00% | 236.90% | 7.6 |
| 2022 Q1 | 56.59% | 242.25% | 219.00% | 4.8 |
| 2021 Q4 | 52.33% | 269.86% | 239.63% | 6.4 |
| 2021 Q3 | 54.41% | 254.77% | 219.24% | 15.4 |
經營效率單位：天
2026 Q238.5 天56.7 天104.7 天95.3 天−9.5 天
週轉天數（天）
21Q422Q222Q423Q223Q424Q224Q425Q225Q426Q2
| 期間 | 應收帳款週轉天數 | 存貨週轉天數 | 應付帳款週轉天數 | 營業週期 | 現金轉換循環 |
|---|---|---|---|---|---|
| 2026 Q2 | 38.5 | 56.7 | 104.7 | 95.3 | −9.5 |
| 2026 Q1 | 36.4 | 58.1 | 110.3 | 94.6 | −15.7 |
| 2025 Q4 | 54.6 | 69.6 | 136.7 | 124.1 | −12.6 |
| 2025 Q3 | 38.2 | 48.2 | 98.2 | 86.4 | −11.8 |
| 2025 Q2 | 48.9 | 62.0 | 146.9 | 110.9 | −36.1 |
| 2025 Q1 | 45.2 | 48.1 | 130.0 | 93.3 | −36.7 |
| 2024 Q4 | 59.7 | 50.9 | 144.9 | 110.6 | −34.4 |
| 2024 Q3 | 43.4 | 37.0 | 98.8 | 80.4 | −18.4 |
| 2024 Q2 | 44.0 | 48.2 | 116.1 | 92.2 | −24.0 |
| 2024 Q1 | 45.3 | 51.4 | 128.8 | 96.7 | −32.1 |
| 2023 Q4 | 51.8 | 49.4 | 127.0 | 101.2 | −25.7 |
| 2023 Q3 | 37.8 | 37.3 | 86.6 | 75.1 | −11.6 |
| 2023 Q2 | 39.9 | 56.7 | 115.2 | 96.6 | −18.6 |
| 2023 Q1 | 32.5 | 56.9 | 120.4 | 89.5 | −31.0 |
| 2022 Q4 | 42.5 | 60.7 | 138.9 | 103.3 | −35.6 |
| 2022 Q3 | 44.5 | 47.9 | 119.9 | 92.4 | −27.4 |
| 2022 Q2 | 41.5 | 47.1 | 121.6 | 88.6 | −33.0 |
| 2022 Q1 | 49.0 | 53.9 | 137.2 | 102.9 | −34.3 |
| 2021 Q4 | 61.3 | 52.3 | 127.9 | 113.6 | −14.3 |
| 2021 Q3 | 66.9 | 51.8 | 128.8 | 118.7 | −10.1 |
現金流單位：億元
2026 Q2−2.42 億元−0.31 億元−2.74 億元
單季現金流（億元）
21Q422Q222Q423Q223Q424Q224Q425Q225Q426Q2
| 期間 | 營運現金流 | 資本支出 | 自由現金流 |
|---|---|---|---|
| 2026 Q2 | −2.42 | −0.31 | −2.74 |
| 2026 Q1 | −0.10 | −0.74 | −0.84 |
| 2025 Q4 | 2.37 | −0.43 | 1.95 |
| 2025 Q3 | −1.11 | −1.04 | −2.15 |
| 2025 Q2 | −2.30 | −0.43 | −2.73 |
| 2025 Q1 | 2.32 | −0.79 | 1.53 |
| 2024 Q4 | 13.69 | −0.49 | 13.20 |
| 2024 Q3 | 10.49 | −0.83 | 9.65 |
| 2024 Q2 | 4.62 | −0.24 | 4.39 |
| 2024 Q1 | −1.17 | −0.27 | −1.44 |
| 2023 Q4 | 9.82 | −0.80 | 9.03 |
| 2023 Q3 | 1.87 | −0.26 | 1.60 |
| 2023 Q2 | 1.51 | −0.41 | 1.11 |
| 2023 Q1 | −2.27 | −0.22 | −2.49 |
| 2022 Q4 | 5.51 | −0.29 | 5.22 |
| 2022 Q3 | 2.38 | −0.59 | 1.79 |
| 2022 Q2 | −0.38 | −0.46 | −0.84 |
| 2022 Q1 | −4.92 | −0.54 | −5.46 |
| 2021 Q4 | 16.26 | −0.21 | 16.05 |
| 2021 Q3 | −0.66 | −0.44 | −1.10 |