Tiong Seng Holdings Balance Sheet Health
Financial Health criteria checks 3/6
Tiong Seng Holdings has a total shareholder equity of SGD80.6M and total debt of SGD86.2M, which brings its debt-to-equity ratio to 106.9%. Its total assets and total liabilities are SGD446.2M and SGD365.6M respectively. Tiong Seng Holdings's EBIT is SGD2.5M making its interest coverage ratio 0.5. It has cash and short-term investments of SGD68.2M.
Key information
106.9%
Debt to equity ratio
S$86.16m
Debt
| Interest coverage ratio | 0.5x |
| Cash | S$68.23m |
| Equity | S$80.58m |
| Total liabilities | S$365.59m |
| Total assets | S$446.16m |
Recent financial health updates
Does Tiong Seng Holdings (SGX:BFI) Have A Healthy Balance Sheet?
Jun 04
Does Tiong Seng Holdings (SGX:BFI) Have A Healthy Balance Sheet?
Aug 18Is Tiong Seng Holdings (SGX:BFI) Weighed On By Its Debt Load?
Mar 16Is Tiong Seng Holdings (SGX:BFI) Weighed On By Its Debt Load?
Sep 21Health Check: How Prudently Does Tiong Seng Holdings (SGX:BFI) Use Debt?
Mar 09Is Tiong Seng Holdings (SGX:BFI) Using Too Much Debt?
Apr 14Recent updates
Statutory Earnings May Not Be The Best Way To Understand Tiong Seng Holdings' (SGX:BFI) True Position
Aug 19Does Tiong Seng Holdings (SGX:BFI) Have A Healthy Balance Sheet?
Jun 04Does Tiong Seng Holdings (SGX:BFI) Have A Healthy Balance Sheet?
Aug 18Is Tiong Seng Holdings (SGX:BFI) Weighed On By Its Debt Load?
Mar 16Is Tiong Seng Holdings (SGX:BFI) Weighed On By Its Debt Load?
Sep 21Health Check: How Prudently Does Tiong Seng Holdings (SGX:BFI) Use Debt?
Mar 09Is Tiong Seng Holdings (SGX:BFI) Using Too Much Debt?
Apr 14Will the Promising Trends At Tiong Seng Holdings (SGX:BFI) Continue?
Feb 14Tiong Seng Holdings' (SGX:BFI) Stock Price Has Reduced 60% In The Past Three Years
Dec 13
Financial Position Analysis
Short Term Liabilities: BFI's short term assets (SGD340.8M) exceed its short term liabilities (SGD328.1M).
Long Term Liabilities: BFI's short term assets (SGD340.8M) exceed its long term liabilities (SGD37.5M).
Debt to Equity History and Analysis
Debt Level: BFI's net debt to equity ratio (22.3%) is considered satisfactory.
Reducing Debt: BFI's debt to equity ratio has increased from 32.9% to 106.9% over the past 5 years.
Debt Coverage: BFI's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: BFI's interest payments on its debt are not well covered by EBIT (0.5x coverage).