Hiap Seng Industries Balance Sheet Health
Financial Health criteria checks 6/6
Hiap Seng Industries has a total shareholder equity of SGD22.9M and total debt of SGD0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are SGD28.6M and SGD5.8M respectively. Hiap Seng Industries's EBIT is SGD3.1M making its interest coverage ratio -11.8. It has cash and short-term investments of SGD14.9M.
Key information
0%
Debt to equity ratio
S$0
Debt
| Interest coverage ratio | -11.8x |
| Cash | S$14.85m |
| Equity | S$22.85m |
| Total liabilities | S$5.76m |
| Total assets | S$28.61m |
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 (SGD23.9M) exceed its short term liabilities (SGD5.8M).
Long Term Liabilities: 1L2 has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: 1L2 is debt free.
Reducing Debt: 1L2 currently has no debt however we can't compare to 5 years ago as we have no data for that period.
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.