Hoe Leong Balance Sheet Health
Financial Health criteria checks 4/6
Hoe Leong has a total shareholder equity of SGD25.4M and total debt of SGD11.5M, which brings its debt-to-equity ratio to 45.4%. Its total assets and total liabilities are SGD45.0M and SGD19.6M respectively. Hoe Leong's EBIT is SGD1.2M making its interest coverage ratio 2.1. It has cash and short-term investments of SGD4.5M.
Key information
45.4%
Debt to equity ratio
S$11.54m
Debt
| Interest coverage ratio | 2.1x |
| Cash | S$4.54m |
| Equity | S$25.45m |
| Total liabilities | S$19.57m |
| Total assets | S$45.02m |
Recent financial health updates
Recent updates
Some Hoe Leong Corporation Ltd. (SGX:H20) Shareholders Look For Exit As Shares Take 50% Pounding
Mar 22
Does 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 (SGD36.7M) exceed its short term liabilities (SGD15.4M).
Long Term Liabilities: H20's short term assets (SGD36.7M) exceed its long term liabilities (SGD4.2M).
Debt to Equity History and Analysis
Debt Level: H20's net debt to equity ratio (27.5%) is considered satisfactory.
Reducing Debt: H20's debt to equity ratio has reduced from 147% to 45.4% 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 not well covered by EBIT (2.1x coverage).