Pacific Radiance Balance Sheet Health
Financial Health criteria checks 6/6
Pacific Radiance has a total shareholder equity of $37.7M and total debt of $31.1M, which brings its debt-to-equity ratio to 82.4%. Its total assets and total liabilities are $108.1M and $70.4M respectively. Pacific Radiance's EBIT is $11.7M making its interest coverage ratio 16.3. It has cash and short-term investments of $28.2M.
Key information
82.4%
Debt to equity ratio
US$31.06m
Debt
| Interest coverage ratio | 16.3x |
| Cash | US$28.19m |
| Equity | US$37.70m |
| Total liabilities | US$70.42m |
| Total assets | US$108.13m |
Recent financial health updates
No updates
Recent updates
Pacific Radiance's (SGX:RXS) Weak Earnings Might Be Worse Than They Appear
Apr 22
Even With A 30% Surge, Cautious Investors Are Not Rewarding Pacific Radiance Ltd.'s (SGX:RXS) Performance Completely
Mar 11Investors Don't See Light At End Of Pacific Radiance Ltd.'s (SGX:RXS) Tunnel And Push Stock Down 27%
Nov 27Why Pacific Radiance's (SGX:RXS) Healthy Earnings Aren’t As Good As They Seem
Nov 21Financial Position Analysis
Short Term Liabilities: RXS's short term assets ($59.7M) exceed its short term liabilities ($27.8M).
Long Term Liabilities: RXS's short term assets ($59.7M) exceed its long term liabilities ($42.6M).
Debt to Equity History and Analysis
Debt Level: RXS's net debt to equity ratio (7.6%) is considered satisfactory.
Reducing Debt: RXS had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: RXS's debt is well covered by operating cash flow (28.7%).
Interest Coverage: RXS's interest payments on its debt are well covered by EBIT (16.3x coverage).