Union Steel Holdings Balance Sheet Health
Financial Health criteria checks 6/6
Union Steel Holdings has a total shareholder equity of SGD82.7M and total debt of SGD28.2M, which brings its debt-to-equity ratio to 34.1%. Its total assets and total liabilities are SGD157.1M and SGD74.4M respectively. Union Steel Holdings's EBIT is SGD9.1M making its interest coverage ratio 5.2. It has cash and short-term investments of SGD14.7M.
Key information
34.1%
Debt to equity ratio
S$28.18m
Debt
| Interest coverage ratio | 5.2x |
| Cash | S$14.67m |
| Equity | S$82.71m |
| Total liabilities | S$74.42m |
| Total assets | S$157.13m |
Recent financial health updates
Recent updates
Here's Why Union Steel Holdings (SGX:ZB9) Has Caught The Eye Of Investors
Aug 26
Union Steel Holdings (SGX:ZB9) Seems To Use Debt Quite Sensibly
May 27Union Steel Holdings Limited (SGX:ZB9) Surges 31% Yet Its Low P/E Is No Reason For Excitement
May 08Here's Why Union Steel Holdings (SGX:ZB9) Has Caught The Eye Of Investors
Mar 01Union Steel Holdings Limited (SGX:BLA) Held Back By Insufficient Growth Even After Shares Climb 26%
Jan 25Union Steel Holdings (SGX:BLA) Will Pay A Larger Dividend Than Last Year At SGD0.05
Oct 30Why Investors Shouldn't Be Surprised By Union Steel Holdings Limited's (SGX:BLA) Low P/E
Jun 27Union Steel Holdings' (SGX:BLA) Promising Earnings May Rest On Soft Foundations
Feb 16Financial Position Analysis
Short Term Liabilities: ZB9's short term assets (SGD84.0M) exceed its short term liabilities (SGD51.6M).
Long Term Liabilities: ZB9's short term assets (SGD84.0M) exceed its long term liabilities (SGD22.9M).
Debt to Equity History and Analysis
Debt Level: ZB9's net debt to equity ratio (16.3%) is considered satisfactory.
Reducing Debt: ZB9's debt to equity ratio has reduced from 50.2% to 34.1% over the past 5 years.
Debt Coverage: ZB9's debt is well covered by operating cash flow (44.3%).
Interest Coverage: ZB9's interest payments on its debt are well covered by EBIT (5.2x coverage).