First Sponsor Group Balance Sheet Health
Financial Health criteria checks 2/6
First Sponsor Group has a total shareholder equity of SGD2.1B and total debt of SGD1.4B, which brings its debt-to-equity ratio to 67.8%. Its total assets and total liabilities are SGD4.8B and SGD2.7B respectively. First Sponsor Group's EBIT is SGD57.9M making its interest coverage ratio 1.5. It has cash and short-term investments of SGD208.6M.
Key information
67.8%
Debt to equity ratio
S$1.42b
Debt
Interest coverage ratio | 1.5x |
Cash | S$208.62m |
Equity | S$2.10b |
Total liabilities | S$2.71b |
Total assets | S$4.81b |
Recent financial health updates
First Sponsor Group (SGX:ADN) Seems To Be Using A Lot Of Debt
Oct 21Here's Why First Sponsor Group (SGX:ADN) Is Weighed Down By Its Debt Load
Oct 03These 4 Measures Indicate That First Sponsor Group (SGX:ADN) Is Using Debt Extensively
Jun 03First Sponsor Group (SGX:ADN) Takes On Some Risk With Its Use Of Debt
Jan 24Recent updates
First Sponsor Group (SGX:ADN) Seems To Be Using A Lot Of Debt
Oct 21First Sponsor Group's (SGX:ADN) Sluggish Earnings Might Be Just The Beginning Of Its Problems
Apr 09Here's Why First Sponsor Group (SGX:ADN) Is Weighed Down By Its Debt Load
Oct 03These 4 Measures Indicate That First Sponsor Group (SGX:ADN) Is Using Debt Extensively
Jun 03One First Sponsor Group Limited (SGX:ADN) Analyst Is Reducing Their Forecasts For This Year
Apr 29First Sponsor Group (SGX:ADN) Takes On Some Risk With Its Use Of Debt
Jan 24Update: First Sponsor Group (SGX:ADN) Stock Gained 14% In The Last Five Years
Dec 29First Sponsor Group (SGX:ADN) Is Growing Earnings But Are They A Good Guide?
Nov 25Financial Position Analysis
Short Term Liabilities: ADN's short term assets (SGD2.2B) exceed its short term liabilities (SGD1.5B).
Long Term Liabilities: ADN's short term assets (SGD2.2B) exceed its long term liabilities (SGD1.2B).
Debt to Equity History and Analysis
Debt Level: ADN's net debt to equity ratio (57.9%) is considered high.
Reducing Debt: ADN's debt to equity ratio has increased from 52.4% to 67.8% over the past 5 years.
Debt Coverage: ADN's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: ADN's interest payments on its debt are not well covered by EBIT (1.5x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
Data | Last Updated (UTC time) |
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Company Analysis | 2024/12/22 00:10 |
End of Day Share Price | 2024/12/20 00:00 |
Earnings | 2024/06/30 |
Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
Package | Data | Timeframe | Example US Source * |
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Company Financials | 10 years |
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Analyst Consensus Estimates | +3 years |
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Market Prices | 30 years |
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Ownership | 10 years |
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Management | 10 years |
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Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
First Sponsor Group Limited is covered by 3 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
Analyst | Institution |
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Lih Rui Tan | DBS Bank Ltd |
Danielle Wang | DBS Vickers Research |
Terence Chua | Phillip Securities Pte Ltd |