Raffles Medical Group Balance Sheet Health
Financial Health criteria checks 6/6
Raffles Medical Group has a total shareholder equity of SGD1.0B and total debt of SGD74.7M, which brings its debt-to-equity ratio to 7.2%. Its total assets and total liabilities are SGD1.5B and SGD486.8M respectively. Raffles Medical Group's EBIT is SGD72.8M making its interest coverage ratio -18.2. It has cash and short-term investments of SGD316.3M.
Key information
7.2%
Debt to equity ratio
S$74.70m
Debt
| Interest coverage ratio | -18.2x |
| Cash | S$316.33m |
| Equity | S$1.03b |
| Total liabilities | S$486.82m |
| Total assets | S$1.52b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 02M1's short term assets (SGD476.0M) exceed its short term liabilities (SGD397.1M).
Long Term Liabilities: 02M1's short term assets (SGD476.0M) exceed its long term liabilities (SGD89.7M).
Debt to Equity History and Analysis
Debt Level: 02M1 has more cash than its total debt.
Reducing Debt: 02M1's debt to equity ratio has reduced from 15% to 7.2% over the past 5 years.
Debt Coverage: 02M1's debt is well covered by operating cash flow (130.1%).
Interest Coverage: 02M1 earns more interest than it pays, so coverage of interest payments is not a concern.