Tuan Sing Holdings Balance Sheet Health

Financial Health criteria checks 1/6

Tuan Sing Holdings has a total shareholder equity of SGD1.2B and total debt of SGD1.2B, which brings its debt-to-equity ratio to 100.1%. Its total assets and total liabilities are SGD2.6B and SGD1.4B respectively. Tuan Sing Holdings's EBIT is SGD26.8M making its interest coverage ratio 0.4. It has cash and short-term investments of SGD222.8M.

Key information

100.1%

Debt to equity ratio

S$1.23b

Debt

Interest coverage ratio	0.4x
Cash	S$222.80m
Equity	S$1.23b
Total liabilities	S$1.39b
Total assets	S$2.62b

Recent financial health updates

Is Tuan Sing Holdings (SGX:T24) Using Too Much Debt?

May 12

Is Tuan Sing Holdings (SGX:T24) Using Too Much Debt?

Dec 04

Recent updates

Here's Why We Don't Think Tuan Sing Holdings' (SGX:T24) Statutory Earnings Reflect Its Underlying Earnings Potential

Feb 18

How Much Did Tuan Sing Holdings'(SGX:T24) Shareholders Earn From Share Price Movements Over The Last Three Years?

Jan 21

What Percentage Of Tuan Sing Holdings Limited (SGX:T24) Shares Do Insiders Own?

Dec 25

Is Tuan Sing Holdings (SGX:T24) Using Too Much Debt?

Dec 04

A Look At Tuan Sing Holdings' (SGX:T24) CEO Remuneration

Nov 19

Financial Position Analysis

Short Term Liabilities: T24's short term assets (SGD452.6M) do not cover its short term liabilities (SGD515.1M).

Long Term Liabilities: T24's short term assets (SGD452.6M) do not cover its long term liabilities (SGD876.2M).

Debt to Equity History and Analysis

Debt Level: T24's net debt to equity ratio (82%) is considered high.

Reducing Debt: T24's debt to equity ratio has reduced from 147.8% to 100.1% over the past 5 years.

Debt Coverage: T24's debt is not well covered by operating cash flow (11.7%).

Interest Coverage: T24's interest payments on its debt are not well covered by EBIT (0.4x coverage).

Tuan Sing Holdings Balance Sheet Health

Financial Health criteria checks 1/6

Key information

Recent financial health updates

Is Tuan Sing Holdings (SGX:T24) Using Too Much Debt?

Is Tuan Sing Holdings (SGX:T24) Using Too Much Debt?

Recent updates

Tuan Sing Holdings' (SGX:T24) Profits Appear To Have Quality Issues

Full year 2023 earnings released: EPS: S$0.004 (vs S$0.004 in FY 2022)

Dividend of S$0.007 announced

Full year 2023 earnings released: EPS: S$0.004 (vs S$0.004 in FY 2022)

Tuan Sing Holdings Limited, Annual General Meeting, Apr 26, 2024

First half 2023 earnings released: EPS: S$0.005 (vs S$0.008 in 1H 2022)

Full year 2022 earnings released: EPS: S$0.004 (vs S$0.07 in FY 2021)

Full year 2022 earnings released: EPS: S$0.004 (vs S$0.07 in FY 2021)

Tuan Sing Holdings Limited (SGX:T24) completed the acquisition of remaining 19.81% stake in SP Corporation Limited (SGX:AWE) from current shareholders.

First half 2022 earnings released

Tuan Sing Holdings Limited Approves First and Final One-Tier Tax Exempt Dividend for Fiscal Year 2021, Payable on June 28, 2022

Tuan Sing Holdings Limited Proposes First and Final One-Tier Tax Exempt Dividend for Year 2021, Payable on 28 June 2022

Tuan Sing Holdings Limited, Annual General Meeting, Apr 28, 2022

Tuan Sing Holdings Limited Proposes First and Final One-Tier Tax Exempt Dividend, Payable on June 28, 2022

Full year 2021 earnings: EPS and revenues miss analyst expectations

Tuan Sing Holdings Limited to Report Fiscal Year 2021 Results on Feb 25, 2022

First half 2021 earnings released: EPS S$0.085 (vs S$0.006 in 1H 2020)

Chief Financial Officer has left the company

Tuan Sing Holdings Limited Approves First and Final Tax Exempt One-Tier Dividend for the Financial Year Ended 31 December 2020, Payable on 25 June 2021

Is Tuan Sing Holdings (SGX:T24) Using Too Much Debt?

Price target increased to S$0.54

Independent & Non-Executive Director has left the company

New 90-day high: S$0.34

At S$0.33, Is Tuan Sing Holdings Limited (SGX:T24) Worth Looking At Closely?

Analysts update estimates

Full year 2020 earnings released: EPS S$0.05 (vs S$0.028 in FY 2019)

Revenue and earnings miss expectations

Tuan Sing Holdings Limited, Annual General Meeting, Apr 23, 2021

Tuan Sing Holdings Limited Appoints Richard Eu Yee Ming as Board Chairman and Changes to the Board Composition

Here's Why We Don't Think Tuan Sing Holdings' (SGX:T24) Statutory Earnings Reflect Its Underlying Earnings Potential

Tuan Sing Holdings Limited to Report Fiscal Year 2020 Results on Feb 26, 2021

How Much Did Tuan Sing Holdings'(SGX:T24) Shareholders Earn From Share Price Movements Over The Last Three Years?

New 90-day high: S$0.33

What Percentage Of Tuan Sing Holdings Limited (SGX:T24) Shares Do Insiders Own?

New 90-day high: S$0.32

Is Tuan Sing Holdings (SGX:T24) Using Too Much Debt?

New 90-day high: S$0.32

A Look At Tuan Sing Holdings' (SGX:T24) CEO Remuneration

Tuan Sing Holdings Limited (SGX:T24) acquired remaining 2.1% stake in Hypak Sdn. Berhad from Tan Sri Mohd. Nadzmi Bin Mohd. Salleh for approximately MYR 0.3 million.

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Discover healthy companies