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 SGD1.3B, which brings its debt-to-equity ratio to 61.9%. Its total assets and total liabilities are SGD4.6B and SGD2.6B respectively. First Sponsor Group's EBIT is SGD54.5M making its interest coverage ratio 1.9. It has cash and short-term investments of SGD217.8M.
Key information
61.9%
Debt to equity ratio
S$1.29b
Debt
Interest coverage ratio | 1.9x |
Cash | S$217.76m |
Equity | S$2.09b |
Total liabilities | S$2.55b |
Total assets | S$4.64b |
Recent financial health updates
Here'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'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 (SGD2.1B) exceed its short term liabilities (SGD1.4B).
Long Term Liabilities: ADN's short term assets (SGD2.1B) exceed its long term liabilities (SGD1.2B).
Debt to Equity History and Analysis
Debt Level: ADN's net debt to equity ratio (51.5%) is considered high.
Reducing Debt: ADN's debt to equity ratio has increased from 52.8% to 61.9% 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 (1.9x coverage).