Hoe Leong Balance Sheet Health
Financial Health criteria checks 5/6
Hoe Leong has a total shareholder equity of SGD26.0M and total debt of SGD11.2M, which brings its debt-to-equity ratio to 43.2%. Its total assets and total liabilities are SGD45.0M and SGD19.0M respectively. Hoe Leong's EBIT is SGD2.1M making its interest coverage ratio 3.6. It has cash and short-term investments of SGD2.1M.
Key information
43.2%
Debt to equity ratio
S$11.23m
Debt
| Interest coverage ratio | 3.6x |
| Cash | S$2.11m |
| Equity | S$26.01m |
| Total liabilities | S$19.02m |
| Total assets | S$45.03m |
Recent financial health updates
Is Hoe Leong (SGX:H20) A Risky Investment?
Jun 26
Does Hoe Leong (SGX:H20) Have A Healthy Balance Sheet?
Mar 14Recent updates
Lacklustre Performance Is Driving Hoe Leong Corporation Ltd.'s (SGX:H20) 50% Price Drop
Oct 29Hoe Leong Corporation Ltd. (SGX:H20) Not Doing Enough For Some Investors As Its Shares Slump 50%
Oct 29Revenues Not Telling The Story For Hoe Leong Corporation Ltd. (SGX:H20) After Shares Rise 100%
Jul 12Is Hoe Leong (SGX:H20) A Risky Investment?
Jun 26Hoe Leong (SGX:H20) Shareholders Will Want The ROCE Trajectory To Continue
May 23Hoe Leong Corporation Ltd. (SGX:H20) May Have Run Too Fast Too Soon With Recent 50% Price Plummet
May 23Some Hoe Leong Corporation Ltd. (SGX:H20) Shareholders Look For Exit As Shares Take 50% Pounding
Mar 22Does Hoe Leong (SGX:H20) Have A Healthy Balance Sheet?
Mar 14Some Confidence Is Lacking In Hoe Leong Corporation Ltd. (SGX:H20) As Shares Slide 50%
Feb 02Hoe Leong Corporation Ltd. (SGX:H20) Shares May Have Slumped 67% But Getting In Cheap Is Still Unlikely
Dec 18Calculating The Fair Value Of Hoe Leong Corporation Ltd. (SGX:H20)
Jul 26Estimating The Fair Value Of Hoe Leong Corporation Ltd. (SGX:H20)
Apr 11Returns Are Gaining Momentum At Hoe Leong (SGX:H20)
Jan 27Hoe Leong Corporation Ltd.'s (SGX:H20) 33% Dip Still Leaving Some Shareholders Feeling Restless Over Its P/E Ratio
Nov 16Financial Position Analysis
Short Term Liabilities: H20's short term assets (SGD37.1M) exceed its short term liabilities (SGD15.7M).
Long Term Liabilities: H20's short term assets (SGD37.1M) exceed its long term liabilities (SGD3.3M).
Debt to Equity History and Analysis
Debt Level: H20's net debt to equity ratio (35.1%) is considered satisfactory.
Reducing Debt: H20's debt to equity ratio has reduced from 147.5% to 43.2% over the past 5 years.
Debt Coverage: H20's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: H20's interest payments on its debt are well covered by EBIT (3.6x coverage).