Aspial Balance Sheet Health

Financial Health criteria checks 3/6

Aspial has a total shareholder equity of SGD503.1M and total debt of SGD824.0M, which brings its debt-to-equity ratio to 163.8%. Its total assets and total liabilities are SGD1.6B and SGD1.1B respectively. Aspial's EBIT is SGD14.0M making its interest coverage ratio 0.3. It has cash and short-term investments of SGD59.7M.

Key information

163.8%

Debt to equity ratio

S$823.96m

Debt

Interest coverage ratio	0.3x
Cash	S$59.65m
Equity	S$503.15m
Total liabilities	S$1.10b
Total assets	S$1.60b

Recent financial health updates

Recent updates

Is Aspial (SGX:A30) Using Too Much Debt?

Mar 19

These 4 Measures Indicate That Aspial (SGX:A30) Is Using Debt In A Risky Way

Aug 31

Aspial (SGX:A30) Seems To Be Using A Lot Of Debt

Sep 28

Does Aspial (SGX:A30) Have A Healthy Balance Sheet?

May 26

We Think That There Are Some Issues For Aspial (SGX:A30) Beyond Its Promising Earnings

Mar 03

Is Aspial (SGX:A30) A Risky Investment?

Feb 25

What Type Of Returns Would Aspial's(SGX:A30) Shareholders Have Earned If They Purchased Their SharesFive Years Ago?

Dec 06

Financial Position Analysis

Short Term Liabilities: A30's short term assets (SGD1.1B) exceed its short term liabilities (SGD697.7M).

Long Term Liabilities: A30's short term assets (SGD1.1B) exceed its long term liabilities (SGD397.8M).

Debt to Equity History and Analysis

Debt Level: A30's net debt to equity ratio (151.9%) is considered high.

Reducing Debt: A30's debt to equity ratio has reduced from 283.7% to 163.8% over the past 5 years.

Debt Coverage: A30's debt is not well covered by operating cash flow (4.4%).

Interest Coverage: A30's interest payments on its debt are not well covered by EBIT (0.3x coverage).

Aspial Balance Sheet Health

Financial Health criteria checks 3/6

Key information

Recent financial health updates

Is Aspial (SGX:A30) Using Too Much Debt?

These 4 Measures Indicate That Aspial (SGX:A30) Is Using Debt In A Risky Way

Aspial (SGX:A30) Seems To Be Using A Lot Of Debt

Does Aspial (SGX:A30) Have A Healthy Balance Sheet?

Is Aspial (SGX:A30) A Risky Investment?

Recent updates

Full year 2023 earnings released: S$0.01 loss per share (vs S$0.007 loss in FY 2022)

Aspial Corporation Limited, Annual General Meeting, Apr 18, 2024

Is Aspial (SGX:A30) Using Too Much Debt?

Full year 2023 earnings released: S$0.011 loss per share (vs S$0.007 loss in FY 2022)

These 4 Measures Indicate That Aspial (SGX:A30) Is Using Debt In A Risky Way

First half 2023 earnings released: S$0.007 loss per share (vs S$0 in 1H 2022)

Aspial Corporation Limited Provides Earning Guidance for Half Year Ended 30 June 2023

New minor risk - Shareholder dilution

Full year 2022 earnings released: S$0.007 loss per share (vs S$0 in FY 2021)

Full year 2022 earnings released

Insufficient new directors

Maxi-Cash Financial Services Corporation Ltd. (Catalist:5UF) completed the acquisiiton of Aspial-Lee Hwa Jewellery Singapore Pte. Ltd, Gold Purple Pte. Ltd. and BU2 Services Pte. Ltd. from Aspial Corporation Limited (SGX:A30).

Aspial (SGX:A30) Seems To Be Using A Lot Of Debt

First half 2022 earnings released

Insufficient new directors

Aspial Corporation Limited Approves Final Dividend for the Financial Year Ended 31 December 2021

Insufficient new directors

Full year 2021 earnings released: EPS: S$0 (vs S$0.009 in FY 2020)

Aspial Corporation Limited, Annual General Meeting, Apr 29, 2022

Aspial Corporation Limited Proposes One-Tier Tax Exempt Final Dividend for the Financial Year Ended 31 December 2021

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Aspial Corporation Limited to Report Fiscal Year 2021 Results on Feb 25, 2022

Does Aspial (SGX:A30) Have A Healthy Balance Sheet?

Full year 2020 earnings released: EPS S$0.009 (vs S$0.007 in FY 2019)

Aspial Corporation Limited (SGX:A30) entered into a scheme of arrangement to acquire remaining 18.9% stake in World Class Global Limited (Catalist:1E6) (ECG) from Koh Wee Seng, Ng Sheng Tiong, Ng Bie Tjin and others for SGD 26.8 million.

We Think That There Are Some Issues For Aspial (SGX:A30) Beyond Its Promising Earnings

Aspial Corporation Limited Announces No Dividend for the Financial Year Ended December 31, 2020

Is Aspial (SGX:A30) A Risky Investment?

Full year 2020 earnings released: EPS S$0.009 (vs S$0.007 in FY 2019)

Aspial Corporation Limited to Report Fiscal Year 2020 Results on Feb 24, 2021

What Type Of Returns Would Aspial's(SGX:A30) Shareholders Have Earned If They Purchased Their SharesFive Years Ago?

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

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