Wong Fong Industries Balance Sheet Health
Financial Health criteria checks 6/6
Wong Fong Industries has a total shareholder equity of SGD52.2M and total debt of SGD3.8M, which brings its debt-to-equity ratio to 7.2%. Its total assets and total liabilities are SGD75.4M and SGD23.1M respectively. Wong Fong Industries's EBIT is SGD3.1M making its interest coverage ratio 69.6. It has cash and short-term investments of SGD14.2M.
Key information
7.2%
Debt to equity ratio
S$3.76m
Debt
| Interest coverage ratio | 69.6x |
| Cash | S$14.15m |
| Equity | S$52.24m |
| Total liabilities | S$23.13m |
| Total assets | S$75.37m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1A1's short term assets (SGD41.2M) exceed its short term liabilities (SGD13.9M).
Long Term Liabilities: 1A1's short term assets (SGD41.2M) exceed its long term liabilities (SGD9.2M).
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 reduced from 9.3% to 7.2% over the past 5 years.
Debt Coverage: 1A1's debt is well covered by operating cash flow (233.1%).
Interest Coverage: 1A1's interest payments on its debt are well covered by EBIT (69.6x coverage).