Travelite Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Travelite Holdings has a total shareholder equity of SGD25.1M and total debt of SGD24.2M, which brings its debt-to-equity ratio to 96.5%. Its total assets and total liabilities are SGD68.3M and SGD43.2M respectively. Travelite Holdings's EBIT is SGD4.4M making its interest coverage ratio 3.4. It has cash and short-term investments of SGD15.5M.
Key information
96.5%
Debt to equity ratio
S$24.21m
Debt
Interest coverage ratio | 3.4x |
Cash | S$15.51m |
Equity | S$25.10m |
Total liabilities | S$43.21m |
Total assets | S$68.31m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: BCZ's short term assets (SGD40.5M) exceed its short term liabilities (SGD23.1M).
Long Term Liabilities: BCZ's short term assets (SGD40.5M) exceed its long term liabilities (SGD20.1M).
Debt to Equity History and Analysis
Debt Level: BCZ's net debt to equity ratio (34.7%) is considered satisfactory.
Reducing Debt: BCZ's debt to equity ratio has increased from 86.1% to 96.5% over the past 5 years.
Debt Coverage: BCZ's debt is not well covered by operating cash flow (10.3%).
Interest Coverage: BCZ's interest payments on its debt are well covered by EBIT (3.4x coverage).