Hiap Seng Industries Balance Sheet Health
Financial Health criteria checks 6/6
Hiap Seng Industries has a total shareholder equity of SGD19.7M and total debt of SGD0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are SGD26.0M and SGD6.3M respectively. Hiap Seng Industries's EBIT is SGD2.1M making its interest coverage ratio -48.2. It has cash and short-term investments of SGD15.0M.
Key information
0%
Debt to equity ratio
S$0
Debt
| Interest coverage ratio | -48.2x |
| Cash | S$14.96m |
| Equity | S$19.73m |
| Total liabilities | S$6.28m |
| Total assets | S$26.01m |
Recent financial health updates
No updates
Recent updates
Hiap Seng Industries Limited (SGX:1L2) May Have Run Too Fast Too Soon With Recent 33% Price Plummet
Aug 25
Hiap Seng Industries' (SGX:1L2) Returns On Capital Are Heading Higher
Aug 15Optimistic Investors Push Hiap Seng Industries Limited (SGX:1L2) Shares Up 67% But Growth Is Lacking
Jun 13Lacklustre Performance Is Driving Hiap Seng Industries Limited's (SGX:1L2) 50% Price Drop
Apr 27Hiap Seng Industries Limited's (SGX:1L2) Business Is Trailing The Industry But Its Shares Aren't
Feb 29Financial Position Analysis
Short Term Liabilities: 1L2's short term assets (SGD22.5M) exceed its short term liabilities (SGD6.3M).
Long Term Liabilities: 1L2 has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: 1L2 is debt free.
Reducing Debt: 1L2 has no debt compared to 5 years ago when its debt to equity ratio was 444.1%.
Debt Coverage: 1L2 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 1L2 has no debt, therefore coverage of interest payments is not a concern.