Wong Fong Industries Balance Sheet Health
Financial Health criteria checks 5/6
Wong Fong Industries has a total shareholder equity of SGD54.2M and total debt of SGD6.8M, which brings its debt-to-equity ratio to 12.6%. Its total assets and total liabilities are SGD81.8M and SGD27.7M respectively. Wong Fong Industries's EBIT is SGD4.4M making its interest coverage ratio 27.7. It has cash and short-term investments of SGD18.1M.
Key information
12.6%
Debt to equity ratio
S$6.85m
Debt
| Interest coverage ratio | 27.7x |
| Cash | S$18.08m |
| Equity | S$54.16m |
| Total liabilities | S$27.66m |
| Total assets | S$81.82m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1A1's short term assets (SGD46.8M) exceed its short term liabilities (SGD15.3M).
Long Term Liabilities: 1A1's short term assets (SGD46.8M) exceed its long term liabilities (SGD12.4M).
Debt to Equity History and Analysis
Debt Level: 1A1 has more cash than its total debt.
Reducing Debt: 1A1's debt to equity ratio has increased from 10.3% to 12.6% over the past 5 years.
Debt Coverage: 1A1's debt is well covered by operating cash flow (158.8%).
Interest Coverage: 1A1's interest payments on its debt are well covered by EBIT (27.7x coverage).