TA Balance Sheet Health
Financial Health criteria checks 3/6
TA has a total shareholder equity of SGD85.2M and total debt of SGD266.8M, which brings its debt-to-equity ratio to 313.2%. Its total assets and total liabilities are SGD649.6M and SGD564.4M respectively. TA's EBIT is SGD21.6M making its interest coverage ratio 2.1. It has cash and short-term investments of SGD48.3M.
Key information
313.2%
Debt to equity ratio
S$266.75m
Debt
| Interest coverage ratio | 2.1x |
| Cash | S$48.26m |
| Equity | S$85.18m |
| Total liabilities | S$564.38m |
| Total assets | S$649.56m |
Recent financial health updates
Here's Why TA (SGX:PA3) Has A Meaningful Debt Burden
May 26
Is TA (SGX:PA3) Weighed On By Its Debt Load?
Apr 08Is TA (SGX:PA3) A Risky Investment?
Nov 16Is TA (SGX:PA3) Using Too Much Debt?
May 07Recent updates
TA Corporation Ltd's (SGX:PA3) P/S Is On The Mark
Jul 19Here's Why TA (SGX:PA3) Has A Meaningful Debt Burden
May 26We Think TA's (SGX:PA3) Profit Is Only A Baseline For What They Can Achieve
Mar 07TA's (SGX:PA3) Returns Have Hit A Wall
Mar 01Returns On Capital At TA (SGX:PA3) Have Stalled
Oct 27Is TA (SGX:PA3) Weighed On By Its Debt Load?
Apr 08Is TA (SGX:PA3) A Risky Investment?
Nov 16Is TA (SGX:PA3) Using Too Much Debt?
May 07Estimating The Intrinsic Value Of TA Corporation Ltd (SGX:PA3)
Jan 14
Financial Position Analysis
Short Term Liabilities: PA3's short term assets (SGD341.8M) exceed its short term liabilities (SGD271.0M).
Long Term Liabilities: PA3's short term assets (SGD341.8M) exceed its long term liabilities (SGD293.4M).
Debt to Equity History and Analysis
Debt Level: PA3's net debt to equity ratio (256.5%) is considered high.
Reducing Debt: PA3's debt to equity ratio has increased from 205.8% to 313.2% over the past 5 years.
Debt Coverage: PA3's debt is well covered by operating cash flow (38.7%).
Interest Coverage: PA3's interest payments on its debt are not well covered by EBIT (2.1x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2023/10/11 09:10 |
| End of Day Share Price | 2023/07/14 00:00 |
| Earnings | 2022/12/31 |
| Annual Earnings | 2022/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
TA Corporation Ltd is covered by 1 analysts. of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jinshu Liu | Tayrona Financial |