AF Global Balance Sheet Health
Financial Health criteria checks 5/6
AF Global has a total shareholder equity of SGD252.3M and total debt of SGD21.7M, which brings its debt-to-equity ratio to 8.6%. Its total assets and total liabilities are SGD306.8M and SGD54.5M respectively. AF Global's EBIT is SGD6.0M making its interest coverage ratio 17.9. It has cash and short-term investments of SGD35.5M.
Key information
8.6%
Debt to equity ratio
S$21.72m
Debt
| Interest coverage ratio | 17.9x |
| Cash | S$35.49m |
| Equity | S$252.35m |
| Total liabilities | S$54.49m |
| Total assets | S$306.84m |
Recent financial health updates
Is AF Global (SGX:L38) A Risky Investment?
Nov 01
Health Check: How Prudently Does AF Global (SGX:L38) Use Debt?
Oct 17Is AF Global (SGX:L38) Weighed On By Its Debt Load?
May 31Health Check: How Prudently Does AF Global (SGX:L38) Use Debt?
Apr 09Recent updates
Is AF Global (SGX:L38) A Risky Investment?
Nov 01Market Participants Recognise AF Global Limited's (SGX:L38) Revenues Pushing Shares 27% Higher
Jul 29There May Be Underlying Issues With The Quality Of AF Global's (SGX:L38) Earnings
Apr 18Return Trends At AF Global (SGX:L38) Aren't Appealing
Nov 02Health Check: How Prudently Does AF Global (SGX:L38) Use Debt?
Oct 17Is AF Global (SGX:L38) Weighed On By Its Debt Load?
May 31Health Check: How Prudently Does AF Global (SGX:L38) Use Debt?
Apr 09What Type Of Returns Would AF Global's (SGX:L38) Shareholders Have Received Over The Course Of The Last Three Years?
Feb 15Calculating The Intrinsic Value Of AF Global Limited (SGX:L38)
Dec 24
Financial Position Analysis
Short Term Liabilities: L38's short term assets (SGD96.0M) exceed its short term liabilities (SGD21.5M).
Long Term Liabilities: L38's short term assets (SGD96.0M) exceed its long term liabilities (SGD33.0M).
Debt to Equity History and Analysis
Debt Level: L38 has more cash than its total debt.
Reducing Debt: L38's debt to equity ratio has increased from 8.1% to 8.6% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable L38 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: L38 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 17.6% per year.