City Developments Limited

SGX:C09 Stock Report

Market Cap: S$6.5b

City Developments Balance Sheet Health

Financial Health criteria checks 2/6

City Developments has a total shareholder equity of SGD9.7B and total debt of SGD12.7B, which brings its debt-to-equity ratio to 131.1%. Its total assets and total liabilities are SGD25.7B and SGD16.0B respectively. City Developments's EBIT is SGD436.8M making its interest coverage ratio 1. It has cash and short-term investments of SGD2.0B.

Key information

131.13%

Debt to equity ratio

S$12.73b

Debt

Interest coverage ratio1x
CashS$1.96b
EquityS$9.71b
Total liabilitiesS$16.03b
Total assetsS$25.74b

Recent financial health updates

Is City Developments (SGX:C09) A Risky Investment?

Oct 05
Is City Developments (SGX:C09) A Risky Investment?

Is City Developments (SGX:C09) Using Too Much Debt?

Jul 01
Is City Developments (SGX:C09) Using Too Much Debt?

Recent updates

A Look At The Intrinsic Value Of City Developments Limited (SGX:C09)

Oct 28
A Look At The Intrinsic Value Of City Developments Limited (SGX:C09)

Is City Developments (SGX:C09) A Risky Investment?

Oct 05
Is City Developments (SGX:C09) A Risky Investment?

City Developments (SGX:C09) Has Affirmed Its Dividend Of SGD0.03

Aug 18
City Developments (SGX:C09) Has Affirmed Its Dividend Of SGD0.03

Capital Recycling And Global Expansion Will Unlock Value

Key Takeaways Divestment of non-core assets and international expansion into resilient sectors are boosting revenue stability, asset values, and positioning for long-term demand trends. Emphasis on sustainability, fund management, and digitalization enhances operational efficiency, strengthens margins, and increases recurring income, reducing reliance on cyclical property development.

City Developments Limited's (SGX:C09) P/E Is Still On The Mark Following 25% Share Price Bounce

Jul 25
City Developments Limited's (SGX:C09) P/E Is Still On The Mark Following 25% Share Price Bounce

Is City Developments (SGX:C09) Using Too Much Debt?

Jul 01
Is City Developments (SGX:C09) Using Too Much Debt?

City Developments Limited (SGX:C09) Shares Could Be 31% Below Their Intrinsic Value Estimate

May 19
City Developments Limited (SGX:C09) Shares Could Be 31% Below Their Intrinsic Value Estimate

Earnings Troubles May Signal Larger Issues for City Developments (SGX:C09) Shareholders

Apr 15
Earnings Troubles May Signal Larger Issues for City Developments (SGX:C09) Shareholders

City Developments (SGX:C09) Will Pay A Dividend Of SGD0.08

Apr 08
City Developments (SGX:C09) Will Pay A Dividend Of SGD0.08

City Developments (SGX:C09) Is Due To Pay A Dividend Of SGD0.08

Mar 03
City Developments (SGX:C09) Is Due To Pay A Dividend Of SGD0.08

Is City Developments Limited (SGX:C09) Worth S$5.1 Based On Its Intrinsic Value?

Jan 10
Is City Developments Limited (SGX:C09) Worth S$5.1 Based On Its Intrinsic Value?

Financial Position Analysis

Short Term Liabilities: C09's short term assets (SGD9.8B) exceed its short term liabilities (SGD6.4B).

Long Term Liabilities: C09's short term assets (SGD9.8B) exceed its long term liabilities (SGD9.6B).

Debt to Equity History and Analysis

Debt Level: C09's net debt to equity ratio (111%) is considered high.

Reducing Debt: C09's debt to equity ratio has increased from 92.6% to 131.1% over the past 5 years.

Debt Coverage: C09's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: C09's interest payments on its debt are not well covered by EBIT (1x coverage).

Balance Sheet

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/03 10:24
End of Day Share Price 2025/11/03 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

City Developments Limited is covered by 27 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Tricia SongBarclays
Donald ChuaBofA Global Research
Justin JenkinsCGS International