Solis Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Solis Holdings has a total shareholder equity of SGD48.9M and total debt of SGD5.4M, which brings its debt-to-equity ratio to 11.1%. Its total assets and total liabilities are SGD64.2M and SGD15.3M respectively.
Key information
11.1%
Debt to equity ratio
S$5.42m
Debt
| Interest coverage ratio | n/a |
| Cash | S$4.79m |
| Equity | S$48.94m |
| Total liabilities | S$15.29m |
| Total assets | S$64.23m |
Financial Position Analysis
Short Term Liabilities: 2227's short term assets (SGD10.2M) exceed its short term liabilities (SGD9.6M).
Long Term Liabilities: 2227's short term assets (SGD10.2M) exceed its long term liabilities (SGD5.7M).
Debt to Equity History and Analysis
Debt Level: 2227's net debt to equity ratio (1.3%) is considered satisfactory.
Reducing Debt: 2227's debt to equity ratio has increased from 0% to 11.1% over the past 5 years.
Debt Coverage: 2227's debt is well covered by operating cash flow (44.2%).
Interest Coverage: Insufficient data to determine if 2227's interest payments on its debt are well covered by EBIT.