AF Global Balance Sheet Health
Financial Health criteria checks 6/6
AF Global has a total shareholder equity of SGD261.5M and total debt of SGD22.9M, which brings its debt-to-equity ratio to 8.8%. Its total assets and total liabilities are SGD317.4M and SGD56.0M respectively. AF Global's EBIT is SGD4.9M making its interest coverage ratio 9.7. It has cash and short-term investments of SGD36.6M.
Key information
8.8%
Debt to equity ratio
S$22.94m
Debt
Interest coverage ratio | 9.7x |
Cash | S$36.60m |
Equity | S$261.47m |
Total liabilities | S$55.95m |
Total assets | S$317.42m |
Recent financial health updates
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
There 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 24Financial Position Analysis
Short Term Liabilities: L38's short term assets (SGD38.4M) exceed its short term liabilities (SGD21.5M).
Long Term Liabilities: L38's short term assets (SGD38.4M) exceed its long term liabilities (SGD34.5M).
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 reduced from 13.5% to 8.8% over the past 5 years.
Debt Coverage: L38's debt is well covered by operating cash flow (35.9%).
Interest Coverage: L38's interest payments on its debt are well covered by EBIT (9.7x coverage).