City Developments Balance Sheet Health
Financial Health criteria checks 1/6
City Developments has a total shareholder equity of SGD9.3B and total debt of SGD12.1B, which brings its debt-to-equity ratio to 130.3%. Its total assets and total liabilities are SGD24.4B and SGD15.1B respectively. City Developments's EBIT is SGD524.8M making its interest coverage ratio 1.2. It has cash and short-term investments of SGD1.9B.
Key information
130.3%
Debt to equity ratio
S$12.11b
Debt
| Interest coverage ratio | 1.2x |
| Cash | S$1.94b |
| Equity | S$9.29b |
| Total liabilities | S$15.10b |
| Total assets | S$24.39b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CDE0's short term assets (SGD9.5B) exceed its short term liabilities (SGD4.7B).
Long Term Liabilities: CDE0's short term assets (SGD9.5B) do not cover its long term liabilities (SGD10.4B).
Debt to Equity History and Analysis
Debt Level: CDE0's net debt to equity ratio (109.4%) is considered high.
Reducing Debt: CDE0's debt to equity ratio has increased from 68.3% to 130.3% over the past 5 years.
Debt Coverage: CDE0's debt is not well covered by operating cash flow (7.4%).
Interest Coverage: CDE0's interest payments on its debt are not well covered by EBIT (1.2x coverage).