Southern Archipelago Balance Sheet Health
Financial Health criteria checks 3/6
Southern Archipelago has a total shareholder equity of SGD2.8M and total debt of SGD4.2M, which brings its debt-to-equity ratio to 151.7%. Its total assets and total liabilities are SGD8.9M and SGD6.1M respectively. Southern Archipelago's EBIT is SGD369.9K making its interest coverage ratio 1.5. It has cash and short-term investments of SGD3.1M.
Key information
151.7%
Debt to equity ratio
S$4.23m
Debt
Interest coverage ratio | 1.5x |
Cash | S$3.11m |
Equity | S$2.79m |
Total liabilities | S$6.10m |
Total assets | S$8.89m |
Financial Position Analysis
Short Term Liabilities: A33's short term assets (SGD3.7M) do not cover its short term liabilities (SGD4.1M).
Long Term Liabilities: A33's short term assets (SGD3.7M) exceed its long term liabilities (SGD1.9M).
Debt to Equity History and Analysis
Debt Level: A33's net debt to equity ratio (40.5%) is considered high.
Reducing Debt: A33's debt to equity ratio has reduced from 169.3% to 151.7% over the past 5 years.
Debt Coverage: A33's debt is well covered by operating cash flow (25.2%).
Interest Coverage: A33's interest payments on its debt are not well covered by EBIT (1.5x coverage).