AF Global Limited

SGX:L38 Stock Report

Market Cap: S$77.1m

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 ratio17.9x
CashS$35.49m
EquityS$252.35m
Total liabilitiesS$54.49m
Total assetsS$306.84m

Recent financial health updates

Is AF Global (SGX:L38) A Risky Investment?

Nov 01
Is AF Global (SGX:L38) A Risky Investment?

Health Check: How Prudently Does AF Global (SGX:L38) Use Debt?

Oct 17
Health Check: How Prudently Does AF Global (SGX:L38) Use Debt?

Is AF Global (SGX:L38) Weighed On By Its Debt Load?

May 31
Is AF Global (SGX:L38) Weighed On By Its Debt Load?

Health Check: How Prudently Does AF Global (SGX:L38) Use Debt?

Apr 09
Health Check: How Prudently Does AF Global (SGX:L38) Use Debt?

Recent updates

Is AF Global (SGX:L38) A Risky Investment?

Nov 01
Is AF Global (SGX:L38) A Risky Investment?

Market Participants Recognise AF Global Limited's (SGX:L38) Revenues Pushing Shares 27% Higher

Jul 29
Market Participants Recognise AF Global Limited's (SGX:L38) Revenues Pushing Shares 27% Higher

There May Be Underlying Issues With The Quality Of AF Global's (SGX:L38) Earnings

Apr 18
There May Be Underlying Issues With The Quality Of AF Global's (SGX:L38) Earnings

Return Trends At AF Global (SGX:L38) Aren't Appealing

Nov 02
Return Trends At AF Global (SGX:L38) Aren't Appealing

Health Check: How Prudently Does AF Global (SGX:L38) Use Debt?

Oct 17
Health Check: How Prudently Does AF Global (SGX:L38) Use Debt?

Is AF Global (SGX:L38) Weighed On By Its Debt Load?

May 31
Is AF Global (SGX:L38) Weighed On By Its Debt Load?

Health Check: How Prudently Does AF Global (SGX:L38) Use Debt?

Apr 09
Health Check: How Prudently Does AF Global (SGX:L38) Use Debt?

What Type Of Returns Would AF Global's (SGX:L38) Shareholders Have Received Over The Course Of The Last Three Years?

Feb 15
What Type Of Returns Would AF Global's (SGX:L38) Shareholders Have Received Over The Course Of The Last Three Years?

Calculating The Intrinsic Value Of AF Global Limited (SGX:L38)

Dec 24
Calculating The Intrinsic Value Of AF Global Limited (SGX:L38)

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.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/21 07:51
End of Day Share Price 2024/12/19 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

AF Global Limited is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Wilson LiewMaybank Research Pte. Ltd.