- Price
- $482.30 → $453.31(−6.0%)
- Discount
- 9.7% → 15.1%(+5.4 pts)
- Balance sheet
- Cash: NT$3,134.2B
Debt: NT$1,031.7B
Net cash: NT$2,102.5B
Interest cover: 246×
Debt due within 12 months: NT$165.3B
Ratings: S&P AA- (stable outlook), Moody's Aa3 (positive outlook)
TSMC has a large net cash position. At June 30, 2026, cash and debt does not limit its choices: cash equivalents were NT$3,134flow can pay for its record build-out and higher dividends.2 billion. Against this The main financial risk is the location of its plants in Taiwan, it had NT$980not its balance sheet.4 billion of Debt is unsecured bonds, plus NT$51.3 billion of unsecured bank loans (mostly in Japanese yen), and it does not include NT$36.9 billion of lease liabilities. Of the bonds, NT$554.8 billion are domestic Taiwan dollar bonds and NT$427.7 billion are overseas bonds. The parent guarantees the overseas bonds of its subsidiaries TSMC Arizona and TSMC Global. NT$165.3 billion of bonds fallThe amount due within one year counts bonds only. InInterest cover uses finance costs in the first half of 2026, income from operations of NT$1,425.6 billion covered finance costs of NT$5.8 billion more than 200 times. Operating In the same half, operating cash flow of NT$1,482.3 billion paid for NT$846.8 billion of capital expenditure. S&P rates TSMC AA- with a stable outlook. On August 28, 2026, Moody's affirmed its Aa3 rating and changed theits outlook to positive on August 28, 2026. Government grants in the United States, Japan, Germany and China also pay for part of the new plants. Debt does not limit TSMC's choices: cash flow can pay for its record build-out and higher dividends. The main financial risk is the location of its plants in Taiwan, not its balance sheet.
As of 2026-06-30.