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 ratio1.2x
CashS$1.94b
EquityS$9.29b
Total liabilitiesS$15.10b
Total assetsS$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).


Balance Sheet


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