Ho Bee Land Balance Sheet Health

Financial Health criteria checks 1/6

Ho Bee Land has a total shareholder equity of SGD3.6B and total debt of SGD3.0B, which brings its debt-to-equity ratio to 83.6%. Its total assets and total liabilities are SGD7.0B and SGD3.3B respectively. Ho Bee Land's EBIT is SGD262.8M making its interest coverage ratio 1.6. It has cash and short-term investments of SGD120.4M.

Key information

83.6%

Debt to equity ratio

S$3.04b

Debt

Interest coverage ratio	1.6x
Cash	S$120.40m
Equity	S$3.64b
Total liabilities	S$3.33b
Total assets	S$6.96b

Recent financial health updates

Recent updates

Ho Bee Land's (SGX:H13) Dividend Is Being Reduced To SGD0.03

Apr 25

Ho Bee Land's (SGX:H13) Dividend Will Be Reduced To SGD0.03

Apr 08

Ho Bee Land's (SGX:H13) Shareholders Will Receive A Smaller Dividend Than Last Year

Feb 29

Ho Bee Land (SGX:H13) Has A Somewhat Strained Balance Sheet

May 15

Ho Bee Land (SGX:H13) Takes On Some Risk With Its Use Of Debt

Nov 17

These 4 Measures Indicate That Ho Bee Land (SGX:H13) Is Using Debt Extensively

Mar 24

Does Ho Bee Land (SGX:H13) Have A Healthy Balance Sheet?

Jun 16

Ho Bee Land Limited (SGX:H13) Is Yielding 3.9% - But Is It A Buy?

Mar 29

Ho Bee Land (SGX:H13) Has A Somewhat Strained Balance Sheet

Mar 01

Is There More To The Story Than Ho Bee Land's (SGX:H13) Earnings Growth?

Dec 15

Financial Position Analysis

Short Term Liabilities: H13's short term assets (SGD704.9M) exceed its short term liabilities (SGD517.9M).

Long Term Liabilities: H13's short term assets (SGD704.9M) do not cover its long term liabilities (SGD2.8B).

Debt to Equity History and Analysis

Debt Level: H13's net debt to equity ratio (80.3%) is considered high.

Reducing Debt: H13's debt to equity ratio has increased from 74% to 83.6% over the past 5 years.

Debt Coverage: H13's debt is not well covered by operating cash flow (11%).

Interest Coverage: H13's interest payments on its debt are not well covered by EBIT (1.6x coverage).

Ho Bee Land Balance Sheet Health

Financial Health criteria checks 1/6

Key information

Recent financial health updates

Ho Bee Land (SGX:H13) Has A Somewhat Strained Balance Sheet

Ho Bee Land (SGX:H13) Takes On Some Risk With Its Use Of Debt

These 4 Measures Indicate That Ho Bee Land (SGX:H13) Is Using Debt Extensively

Does Ho Bee Land (SGX:H13) Have A Healthy Balance Sheet?

Ho Bee Land (SGX:H13) Has A Somewhat Strained Balance Sheet

Recent updates

Insufficient new directors

First half 2024 earnings released: EPS: S$0.013 (vs S$0.23 loss in 1H 2023)

Upcoming dividend of S$0.03 per share

Ho Bee Land Limited Approves First and Final One-Tier Tax-Exempt Dividend for the Financial Year Ended 31 December 2023

Ho Bee Land's (SGX:H13) Dividend Is Being Reduced To SGD0.03

Ho Bee Land's (SGX:H13) Dividend Will Be Reduced To SGD0.03

Full year 2023 earnings released: S$0.39 loss per share (vs S$0.25 profit in FY 2022)

Ho Bee Land's (SGX:H13) Shareholders Will Receive A Smaller Dividend Than Last Year

Ho Bee Land Limited Proposes First and Final One-Tier Tax Exempt Dividend for the Financial Year Ended 31 December 2023, Payable on 24 May 2024

Full year 2023 earnings released: S$0.39 loss per share (vs S$0.25 profit in FY 2022)

New minor risk - Financial data availability

Ho Bee Land Limited to Report Second Half, 2023 Results on Feb 26, 2024

Ho Bee Land Limited Provides Unaudited Earnings Guidance for the Full Year Ending 31 December 2023

Ho Bee Land Limited Announce Change of Company Secretary

CEO & Executive Director recently bought S$184k worth of stock

First half 2023 earnings released: S$0.23 loss per share (vs S$0.23 profit in 1H 2022)

New major risk - Revenue and earnings growth

Ho Bee Land Limited to Report First Half, 2023 Results on Aug 10, 2023

Ho Bee Land Limited Announces Appointment of Li Xiangrun as Head of Finance

Ho Bee Land (SGX:H13) Has A Somewhat Strained Balance Sheet

Upcoming dividend of S$0.08 per share at 3.7% yield

Full year 2022 earnings released: EPS: S$0.25 (vs S$0.50 in FY 2021)

Ho Bee Land Limited Establishes A Board Sustainability Committee

Ho Bee Land Limited Provides Earnings Guidance for the Six Months and Full Year Ending 31 December 2022

Ho Bee Land (SGX:H13) Takes On Some Risk With Its Use Of Debt

Price target increased to S$3.80

First half 2022 earnings released

Ho Bee Land Limited Announces Management Changes

Upcoming dividend of S$0.10 per share

Price target increased to S$3.80

Ho Bee Land Limited Approves First and Final One-Tier Tax Exempt Dividend for the Year Ended December 31, 2021

These 4 Measures Indicate That Ho Bee Land (SGX:H13) Is Using Debt Extensively

Executive Chairman recently bought S$802k worth of stock

Full year 2021 earnings: EPS and revenues exceed analyst expectations

Ho Bee Land Limited Proposes Dividend for the Year Ended December 31, 2021, Payable on May 20, 2022

Ho Bee Land Limited (SGX:H13) entered into an agreement to acquire 34 Leadenhall Street Limited from Berkley Regional Insurance Company and Berkley Insurance Company for approximately £720 million.

Ho Bee Land Limited (SGX:H13) entered into an agreement to acquire 34 Leadenhall Street Limited from Berkley Regional Insurance Company and Berkley Insurance Company for approximately £720 million.

Ho Bee Land Limited Appoints Loh Lee Hong General Manager, Sales and Marketing

Ho Bee Land Limited to Report Fiscal Year 2021 Results on Feb 28, 2022

Chairman & CEO recently bought S$140k worth of stock

Does Ho Bee Land (SGX:H13) Have A Healthy Balance Sheet?

Chairman & CEO recently bought S$340k worth of stock

Upcoming dividend of S$0.10 per share

Ho Bee Land Limited Approves Special One-Tier Tax Exempt Dividend for the Financial Year Ended December 31, 2020, Payable on May 28, 2021

Full year 2020 earnings released: EPS S$0.21 (vs S$0.50 in FY 2019)

Ho Bee Land Limited Proposes Special One-Tier Tax Exempt Dividend for the Financial Year Ended December 31, 2020, Payable on May 28, 2021

Ho Bee Land Limited (SGX:H13) Is Yielding 3.9% - But Is It A Buy?

COO & Executive Director recently bought S$343k worth of stock

Ho Bee Land (SGX:H13) Has A Somewhat Strained Balance Sheet

Ho Bee Land Limited, Annual General Meeting, Apr 28, 2021

Full year 2020 earnings released

Revenue and earnings miss expectations

Ho Bee Land Limited to Report Fiscal Year 2020 Results on Feb 26, 2021

New 90-day low: S$2.35

New 90-day high: S$2.43

Is There More To The Story Than Ho Bee Land's (SGX:H13) Earnings Growth?

New 90-day high: S$2.40

New 90-day high: S$2.31

Price target raised to S$3.01

New 90-day high - S$2.22

Price target lowered to S$2.56

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

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