Spindex Industries Balance Sheet Health
Financial Health criteria checks 5/6
Spindex Industries has a total shareholder equity of SGD166.8M and total debt of SGD4.4M, which brings its debt-to-equity ratio to 2.7%. Its total assets and total liabilities are SGD225.2M and SGD58.4M respectively. Spindex Industries's EBIT is SGD19.5M making its interest coverage ratio -24.8. It has cash and short-term investments of SGD61.5M.
Key information
2.7%
Debt to equity ratio
S$4.43m
Debt
| Interest coverage ratio | -24.8x |
| Cash | S$61.50m |
| Equity | S$166.77m |
| Total liabilities | S$58.43m |
| Total assets | S$225.20m |
Recent financial health updates
Spindex Industries (SGX:564) Seems To Use Debt Rather Sparingly
May 19
Is Spindex Industries (SGX:564) A Risky Investment?
Feb 15Recent updates
Spindex Industries (SGX:564) Is Increasing Its Dividend To SGD0.027
Oct 25Spindex Industries (SGX:564) Will Pay A Larger Dividend Than Last Year At SGD0.027
Aug 26Spindex Industries Limited's (SGX:564) Business And Shares Still Trailing The Market
Aug 21Spindex Industries (SGX:564) Will Pay A Smaller Dividend Than Last Year
Aug 29Robust Earnings May Not Tell The Whole Story For Spindex Industries (SGX:564)
Feb 21Spindex Industries (SGX:564) Seems To Use Debt Rather Sparingly
May 19Spindex Industries (SGX:564) Will Will Want To Turn Around Its Return Trends
Apr 28Spindex Industries Limited (SGX:564) Is Yielding 2.4% - But Is It A Buy?
Mar 22Spindex Industries Limited's (SGX:564) Stock Is Going Strong: Is the Market Following Fundamentals?
Mar 04Is Spindex Industries (SGX:564) A Risky Investment?
Feb 15Here's What To Make Of Spindex Industries' (SGX:564) Returns On Capital
Jan 28Did You Participate In Any Of Spindex Industries' (SGX:564) Respectable 72% Return?
Jan 07
Is Spindex Industries Limited (SGX:564) The Right Choice For A Smart Dividend Investor?
Dec 16Has Spindex Industries Limited's (SGX:564) Impressive Stock Performance Got Anything to Do With Its Fundamentals?
Nov 25Financial Position Analysis
Short Term Liabilities: 564's short term assets (SGD139.4M) exceed its short term liabilities (SGD52.6M).
Long Term Liabilities: 564's short term assets (SGD139.4M) exceed its long term liabilities (SGD5.8M).
Debt to Equity History and Analysis
Debt Level: 564 has more cash than its total debt.
Reducing Debt: 564's debt to equity ratio has increased from 0% to 2.7% over the past 5 years.
Debt Coverage: 564's debt is well covered by operating cash flow (585%).
Interest Coverage: 564 earns more interest than it pays, so coverage of interest payments is not a concern.