Second Chance Properties Balance Sheet Health
Financial Health criteria checks 3/6
Second Chance Properties has a total shareholder equity of SGD279.8M and total debt of SGD74.6M, which brings its debt-to-equity ratio to 26.7%. Its total assets and total liabilities are SGD357.4M and SGD77.6M respectively. Second Chance Properties's EBIT is SGD19.4M making its interest coverage ratio 6. It has cash and short-term investments of SGD448.0K.
Key information
26.7%
Debt to equity ratio
S$74.61m
Debt
| Interest coverage ratio | 6x |
| Cash | S$448.00k |
| Equity | S$279.81m |
| Total liabilities | S$77.60m |
| Total assets | S$357.42m |
Recent financial health updates
Does Second Chance Properties (SGX:528) Have A Healthy Balance Sheet?
Dec 28
Second Chance Properties (SGX:528) Has A Pretty Healthy Balance Sheet
Mar 31These 4 Measures Indicate That Second Chance Properties (SGX:528) Is Using Debt Reasonably Well
Dec 12
Recent updates
Does Second Chance Properties (SGX:528) Have A Healthy Balance Sheet?
Dec 28It's Unlikely That Second Chance Properties Ltd's (SGX:528) CEO Will See A Huge Pay Rise This Year
Dec 14Second Chance Properties (SGX:528) Could Be At Risk Of Shrinking As A Company
May 30Second Chance Properties (SGX:528) Has A Pretty Healthy Balance Sheet
Mar 31How Much Of Second Chance Properties Ltd (SGX:528) Do Insiders Own?
Feb 23Is Second Chance Properties (SGX:528) Using Capital Effectively?
Feb 08Can You Imagine How Second Chance Properties' (SGX:528) Shareholders Feel About The 11% Share Price Increase?
Jan 25How Much Did Second Chance Properties' (SGX:528) CEO Pocket Last Year?
Jan 11How Many Second Chance Properties Ltd (SGX:528) Shares Did Insiders Buy, In The Last Year?
Dec 27These 4 Measures Indicate That Second Chance Properties (SGX:528) Is Using Debt Reasonably Well
Dec 12Could The Second Chance Properties Ltd (SGX:528) Ownership Structure Tell Us Something Useful?
Nov 25Financial Position Analysis
Short Term Liabilities: 528's short term assets (SGD32.2M) do not cover its short term liabilities (SGD76.6M).
Long Term Liabilities: 528's short term assets (SGD32.2M) exceed its long term liabilities (SGD1.0M).
Debt to Equity History and Analysis
Debt Level: 528's net debt to equity ratio (26.5%) is considered satisfactory.
Reducing Debt: 528's debt to equity ratio has increased from 14.5% to 26.7% over the past 5 years.
Debt Coverage: 528's debt is not well covered by operating cash flow (18.8%).
Interest Coverage: 528's interest payments on its debt are well covered by EBIT (6x coverage).