Travelite Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Travelite Holdings has a total shareholder equity of SGD29.2M and total debt of SGD19.5M, which brings its debt-to-equity ratio to 66.6%. Its total assets and total liabilities are SGD66.8M and SGD37.6M respectively. Travelite Holdings's EBIT is SGD2.5M making its interest coverage ratio 2.1. It has cash and short-term investments of SGD10.3M.
Key information
66.6%
Debt to equity ratio
S$19.46m
Debt
| Interest coverage ratio | 2.1x |
| Cash | S$10.30m |
| Equity | S$29.23m |
| Total liabilities | S$37.59m |
| Total assets | S$66.82m |
Recent financial health updates
No updates
Recent updates
Travelite Holdings Ltd.'s (SGX:BCZ) Shares Bounce 51% But Its Business Still Trails The Market
Aug 31
Travelite Holdings Ltd.'s (SGX:BCZ) Share Price Boosted 42% But Its Business Prospects Need A Lift Too
Jun 28Travelite Holdings' (SGX:BCZ) Sluggish Earnings Might Be Just The Beginning Of Its Problems
Jun 07There's No Escaping Travelite Holdings Ltd.'s (SGX:BCZ) Muted Earnings
Apr 08There's Been No Shortage Of Growth Recently For Travelite Holdings' (SGX:BCZ) Returns On Capital
Apr 20Financial Position Analysis
Short Term Liabilities: BCZ's short term assets (SGD36.1M) exceed its short term liabilities (SGD18.0M).
Long Term Liabilities: BCZ's short term assets (SGD36.1M) exceed its long term liabilities (SGD19.6M).
Debt to Equity History and Analysis
Debt Level: BCZ's net debt to equity ratio (31.3%) is considered satisfactory.
Reducing Debt: BCZ's debt to equity ratio has reduced from 95.3% to 66.6% over the past 5 years.
Debt Coverage: BCZ's debt is not well covered by operating cash flow (10.1%).
Interest Coverage: BCZ's interest payments on its debt are not well covered by EBIT (2.1x coverage).