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Chip Eng Seng Balance Sheet Health
Financial Health criteria checks 4/6
Chip Eng Seng has a total shareholder equity of SGD798.0M and total debt of SGD1.0B, which brings its debt-to-equity ratio to 126.6%. Its total assets and total liabilities are SGD2.3B and SGD1.5B respectively. Chip Eng Seng's EBIT is SGD72.0M making its interest coverage ratio 2.5. It has cash and short-term investments of SGD330.4M.
Key information
126.6%
Debt to equity ratio
S$1.01b
Debt
| Interest coverage ratio | 2.5x |
| Cash | S$330.40m |
| Equity | S$798.04m |
| Total liabilities | S$1.48b |
| Total assets | S$2.27b |
Recent financial health updates
No updates
Recent updates
Chip Eng Seng (SGX:C29) Is Due To Pay A Dividend Of S$0.02
Apr 04
Looking For Steady Income For Your Dividend Portfolio? Is Chip Eng Seng Corporation Ltd (SGX:C29) A Good Fit?
Mar 27Chip Eng Seng's (SGX:C29) Shareholders Are Down 52% On Their Shares
Mar 01What Kind Of Shareholders Hold The Majority In Chip Eng Seng Corporation Ltd's (SGX:C29) Shares?
Feb 01
A Look At Chip Eng Seng's (SGX:C29) Share Price Returns
Nov 30Financial Position Analysis
Short Term Liabilities: C29's short term assets (SGD1.3B) exceed its short term liabilities (SGD715.7M).
Long Term Liabilities: C29's short term assets (SGD1.3B) exceed its long term liabilities (SGD760.9M).
Debt to Equity History and Analysis
Debt Level: C29's net debt to equity ratio (85.2%) is considered high.
Reducing Debt: C29's debt to equity ratio has reduced from 175% to 126.6% over the past 5 years.
Debt Coverage: C29's debt is well covered by operating cash flow (51.8%).
Interest Coverage: C29's interest payments on its debt are not well covered by EBIT (2.5x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2023/04/12 14:18 |
| End of Day Share Price | 2023/02/16 00:00 |
| Earnings | 2022/06/30 |
| Annual Earnings | 2021/12/31 |
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 * |
|---|---|---|---|
| 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.
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
Chip Eng Seng Corporation Ltd is covered by 3 analysts. 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 |
|---|---|
| Carmen Tay | DBS Bank Ltd |
| Man Ng | Phillip Securities Pte Ltd |
| Jie Qiong Huang | UOB Kay Hian Research Pte Ltd |