Old Chang Kee Balance Sheet Health
Financial Health criteria checks 6/6
Old Chang Kee has a total shareholder equity of SGD44.1M and total debt of SGD3.5M, which brings its debt-to-equity ratio to 8%. Its total assets and total liabilities are SGD82.6M and SGD38.5M respectively. Old Chang Kee's EBIT is SGD8.7M making its interest coverage ratio 130. It has cash and short-term investments of SGD38.8M.
Key information
8.0%
Debt to equity ratio
S$3.51m
Debt
Interest coverage ratio | 130x |
Cash | S$38.82m |
Equity | S$44.13m |
Total liabilities | S$38.48m |
Total assets | S$82.61m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 5ML's short term assets (SGD44.4M) exceed its short term liabilities (SGD24.5M).
Long Term Liabilities: 5ML's short term assets (SGD44.4M) exceed its long term liabilities (SGD14.0M).
Debt to Equity History and Analysis
Debt Level: 5ML has more cash than its total debt.
Reducing Debt: 5ML's debt to equity ratio has reduced from 35.1% to 8% over the past 5 years.
Debt Coverage: 5ML's debt is well covered by operating cash flow (680.4%).
Interest Coverage: 5ML's interest payments on its debt are well covered by EBIT (130x coverage).