This company listing is no longer active
Global Dragon Balance Sheet Health
Financial Health criteria checks 4/6
Global Dragon has a total shareholder equity of SGD83.1M and total debt of SGD97.6M, which brings its debt-to-equity ratio to 117.5%. Its total assets and total liabilities are SGD201.6M and SGD118.5M respectively. Global Dragon's EBIT is SGD6.6M making its interest coverage ratio 3.4. It has cash and short-term investments of SGD9.9M.
Key information
117.5%
Debt to equity ratio
S$97.64m
Debt
| Interest coverage ratio | 3.4x |
| Cash | S$9.89m |
| Equity | S$83.08m |
| Total liabilities | S$118.49m |
| Total assets | S$201.57m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 586's short term assets (SGD60.2M) do not cover its short term liabilities (SGD102.4M).
Long Term Liabilities: 586's short term assets (SGD60.2M) exceed its long term liabilities (SGD16.1M).
Debt to Equity History and Analysis
Debt Level: 586's net debt to equity ratio (105.6%) is considered high.
Reducing Debt: 586's debt to equity ratio has reduced from 200.3% to 117.5% over the past 5 years.
Debt Coverage: 586's debt is well covered by operating cash flow (61.9%).
Interest Coverage: 586's interest payments on its debt are well covered by EBIT (3.4x coverage).