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).