Taka Jewellery Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Taka Jewellery Holdings has a total shareholder equity of SGD129.8M and total debt of SGD48.0M, which brings its debt-to-equity ratio to 36.9%. Its total assets and total liabilities are SGD212.3M and SGD82.5M respectively. Taka Jewellery Holdings's EBIT is SGD13.7M making its interest coverage ratio 5. It has cash and short-term investments of SGD13.2M.
Key information
36.9%
Debt to equity ratio
S$47.96m
Debt
| Interest coverage ratio | 5x |
| Cash | S$13.18m |
| Equity | S$129.80m |
| Total liabilities | S$82.55m |
| Total assets | S$212.35m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 42L's short term assets (SGD184.0M) exceed its short term liabilities (SGD69.4M).
Long Term Liabilities: 42L's short term assets (SGD184.0M) exceed its long term liabilities (SGD13.1M).
Debt to Equity History and Analysis
Debt Level: 42L's net debt to equity ratio (26.8%) is considered satisfactory.
Reducing Debt: 42L's debt to equity ratio has increased from 34.9% to 36.9% over the past 5 years.
Debt Coverage: 42L's debt is not well covered by operating cash flow (5.8%).
Interest Coverage: 42L's interest payments on its debt are well covered by EBIT (5x coverage).