Tung Lok Restaurants (2000) Balance Sheet Health
Financial Health criteria checks 4/6
Tung Lok Restaurants (2000) has a total shareholder equity of SGD13.7M and total debt of SGD3.3M, which brings its debt-to-equity ratio to 24%. Its total assets and total liabilities are SGD53.8M and SGD40.1M respectively. Tung Lok Restaurants (2000)'s EBIT is SGD4.9M making its interest coverage ratio 15. It has cash and short-term investments of SGD11.7M.
Key information
24.0%
Debt to equity ratio
S$3.28m
Debt
Interest coverage ratio | 15x |
Cash | S$11.73m |
Equity | S$13.70m |
Total liabilities | S$40.12m |
Total assets | S$53.82m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 540's short term assets (SGD20.7M) exceed its short term liabilities (SGD17.9M).
Long Term Liabilities: 540's short term assets (SGD20.7M) do not cover its long term liabilities (SGD22.3M).
Debt to Equity History and Analysis
Debt Level: 540 has more cash than its total debt.
Reducing Debt: 540's debt to equity ratio has increased from 12.9% to 24% over the past 5 years.
Debt Coverage: 540's debt is well covered by operating cash flow (391.6%).
Interest Coverage: 540's interest payments on its debt are well covered by EBIT (15x coverage).