AsiaMedic Balance Sheet Health
Financial Health criteria checks 5/6
AsiaMedic has a total shareholder equity of SGD13.3M and total debt of SGD595.0K, which brings its debt-to-equity ratio to 4.5%. Its total assets and total liabilities are SGD29.0M and SGD15.7M respectively. AsiaMedic's EBIT is SGD719.7K making its interest coverage ratio 2.8. It has cash and short-term investments of SGD9.6M.
Key information
4.5%
Debt to equity ratio
S$595.00k
Debt
Interest coverage ratio | 2.8x |
Cash | S$9.58m |
Equity | S$13.26m |
Total liabilities | S$15.70m |
Total assets | S$28.95m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 505's short term assets (SGD14.2M) exceed its short term liabilities (SGD6.8M).
Long Term Liabilities: 505's short term assets (SGD14.2M) exceed its long term liabilities (SGD8.9M).
Debt to Equity History and Analysis
Debt Level: 505 has more cash than its total debt.
Reducing Debt: 505's debt to equity ratio has reduced from 70.3% to 4.5% over the past 5 years.
Debt Coverage: 505's debt is well covered by operating cash flow (573.6%).
Interest Coverage: 505's interest payments on its debt are not well covered by EBIT (2.8x coverage).