Reclaims Global Balance Sheet Health
Financial Health criteria checks 6/6
Reclaims Global has a total shareholder equity of SGD29.8M and total debt of SGD285.0K, which brings its debt-to-equity ratio to 1%. Its total assets and total liabilities are SGD34.8M and SGD5.0M respectively. Reclaims Global's EBIT is SGD1.3M making its interest coverage ratio -8.4. It has cash and short-term investments of SGD10.5M.
Key information
1.0%
Debt to equity ratio
S$285.00k
Debt
Interest coverage ratio | -8.4x |
Cash | S$10.51m |
Equity | S$29.76m |
Total liabilities | S$5.02m |
Total assets | S$34.78m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NEX's short term assets (SGD22.0M) exceed its short term liabilities (SGD4.4M).
Long Term Liabilities: NEX's short term assets (SGD22.0M) exceed its long term liabilities (SGD644.0K).
Debt to Equity History and Analysis
Debt Level: NEX has more cash than its total debt.
Reducing Debt: NEX's debt to equity ratio has reduced from 35% to 1% over the past 5 years.
Debt Coverage: NEX's debt is well covered by operating cash flow (1478.2%).
Interest Coverage: NEX earns more interest than it pays, so coverage of interest payments is not a concern.