Union Steel Holdings Balance Sheet Health

Financial Health criteria checks 6/6

Union Steel Holdings has a total shareholder equity of SGD88.4M and total debt of SGD27.0M, which brings its debt-to-equity ratio to 30.5%. Its total assets and total liabilities are SGD159.0M and SGD70.6M respectively. Union Steel Holdings's EBIT is SGD11.1M making its interest coverage ratio 7. It has cash and short-term investments of SGD18.2M.

Key information

30.5%

Debt to equity ratio

S$26.97m

Debt

Interest coverage ratio	7x
Cash	S$18.20m
Equity	S$88.43m
Total liabilities	S$70.58m
Total assets	S$159.01m

Recent financial health updates

Union Steel Holdings (SGX:ZB9) Seems To Use Debt Quite Sensibly

Oct 04

Union Steel Holdings (SGX:ZB9) Seems To Use Debt Quite Sensibly

May 27

Recent updates

Union Steel Holdings Limited (SGX:ZB9) Surges 31% Yet Its Low P/E Is No Reason For Excitement

May 08

Here's Why Union Steel Holdings (SGX:ZB9) Has Caught The Eye Of Investors

Mar 01

Union Steel Holdings Limited (SGX:BLA) Held Back By Insufficient Growth Even After Shares Climb 26%

Jan 25

Union Steel Holdings (SGX:BLA) Will Pay A Larger Dividend Than Last Year At SGD0.05

Oct 30

Why Investors Shouldn't Be Surprised By Union Steel Holdings Limited's (SGX:BLA) Low P/E

Jun 27

Union Steel Holdings' (SGX:BLA) Promising Earnings May Rest On Soft Foundations

Feb 16

Financial Position Analysis

Short Term Liabilities: ZB9's short term assets (SGD82.7M) exceed its short term liabilities (SGD49.4M).

Long Term Liabilities: ZB9's short term assets (SGD82.7M) exceed its long term liabilities (SGD21.2M).

Debt to Equity History and Analysis

Debt Level: ZB9's net debt to equity ratio (9.9%) is considered satisfactory.

Reducing Debt: ZB9's debt to equity ratio has reduced from 49.6% to 30.5% over the past 5 years.

Debt Coverage: ZB9's debt is well covered by operating cash flow (52.8%).

Interest Coverage: ZB9's interest payments on its debt are well covered by EBIT (7x coverage).

Union Steel Holdings Balance Sheet Health

Financial Health criteria checks 6/6

Key information

Recent financial health updates

Union Steel Holdings (SGX:ZB9) Seems To Use Debt Quite Sensibly

Union Steel Holdings (SGX:ZB9) Seems To Use Debt Quite Sensibly

Recent updates

Union Steel Holdings Limited Appoints Tan Peng Chin Joseph Haydn as Independent Director, Chairman of the Nominating Committee and Member of Audit Committee and Remuneration Committee

Dividend of S$0.013 announced

Full year 2024 earnings released: EPS: S$0.11 (vs S$0.093 in FY 2023)

Union Steel Holdings Limited Proposes Final Dividend for the Financial Year Ended 30 June 2024

Union Steel Holdings Limited Announces Change of Company Secretary

Now 29% overvalued

Union Steel Holdings (SGX:ZB9) Seems To Use Debt Quite Sensibly

Full year 2024 earnings released: EPS: S$0.11 (vs S$0.093 in FY 2023)

Here's Why Union Steel Holdings (SGX:ZB9) Has Caught The Eye Of Investors

New minor risk - Financial data availability

Now 21% undervalued

Co-Founder & Executive Director recently bought S$603m worth of stock

Now 23% undervalued

Union Steel Holdings (SGX:ZB9) Seems To Use Debt Quite Sensibly

Union Steel Holdings Limited (SGX:ZB9) Surges 31% Yet Its Low P/E Is No Reason For Excitement

Co-Founder & Executive Director recently bought S$427k worth of stock

Here's Why Union Steel Holdings (SGX:ZB9) Has Caught The Eye Of Investors

Investor sentiment improves as stock rises 19%

Union Steel Holdings Limited (SGX:BLA) Held Back By Insufficient Growth Even After Shares Climb 26%

Union Steel Holdings Limited Announces Change of Company Secretary

Upcoming dividend of S$0.05 per share at 5.0% yield

Union Steel Holdings (SGX:BLA) Will Pay A Larger Dividend Than Last Year At SGD0.05

Union Steel Holdings Limited Approves Final Dividend for the Financial Year Ended 30 June 2023, Payable on 24 November 2023

Full year 2023 earnings released: EPS: S$0.28 (vs S$0.18 in FY 2022)

Union Steel Holdings Limited, Annual General Meeting, Oct 27, 2023

New minor risk - Dividend sustainability

Full year 2023 earnings released: EPS: S$0.28 (vs S$0.18 in FY 2022)

New minor risk - Financial data availability

Why Investors Shouldn't Be Surprised By Union Steel Holdings Limited's (SGX:BLA) Low P/E

Co-Founder & Executive Director recently bought S$52k worth of stock

Insufficient new directors

Insufficient new directors

First half 2023 earnings released: EPS: S$0.14 (vs S$0.11 in 1H 2022)

Insufficient new directors

Insufficient new directors

Insufficient new directors

Union Steel Holdings Limited Announces Final Dividend (One-Tier Tax Exempt) for the Financial Year Ended 30 June 2022, Payable on 24 November 2022

Full year 2022 earnings released: EPS: S$0.18 (vs S$0.19 in FY 2021)

Union Steel Holdings Limited, Annual General Meeting, Oct 27, 2022

Insufficient new directors

Insufficient new directors

Union Steel Holdings Limited Appoints Ang Jun Long as Director, Engineering Division

Full year 2022 earnings released: EPS: S$0.18 (vs S$0.19 in FY 2021)

Union Steel Holdings Limited Declares One-Tier Final Cash Dividend for the Financial Year Ended 30 June 2022

Union Steel Holdings Limited (SGX:BLA) entered into a non-binding term sheet to acquire Fastweld Engineering Construction Pte Ltd for SGD 2.5 million.

Union Steel Holdings' (SGX:BLA) Promising Earnings May Rest On Soft Foundations

First half 2022 earnings: Revenues and EPS in line with analyst expectations

Union Steel Holdings Limited Promotes Liu Wen Juan's to Financial Controller

Union Steel Holdings Limited (SGX:BLA) entered into a new sale and purchase agreement to acquire BTH Holdings Pte. Ltd. from New Oasis Pte. Ltd. for SGD 16 million.

Union Steel Holdings Limited (SGX:BLA) entered into a non-binding term sheet to acquire BTH Holdings Pte. Ltd. from New Oasis Pte. Ltd. for SGD 17 million.

Union Steel Holdings Limited Announces Company Secretary Changes, Effective February 9, 2021

Full year earnings released - S$0.19 loss per share

Full year earnings released

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

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