Taka Jewellery Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Taka Jewellery Holdings has a total shareholder equity of SGD124.9M and total debt of SGD50.4M, which brings its debt-to-equity ratio to 40.4%. Its total assets and total liabilities are SGD204.8M and SGD80.0M respectively. Taka Jewellery Holdings's EBIT is SGD11.8M making its interest coverage ratio 4.6. It has cash and short-term investments of SGD15.0M.
Key information
40.4%
Debt to equity ratio
S$50.42m
Debt
Interest coverage ratio | 4.6x |
Cash | S$14.97m |
Equity | S$124.86m |
Total liabilities | S$79.99m |
Total assets | S$204.84m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 42L's short term assets (SGD178.2M) exceed its short term liabilities (SGD62.7M).
Long Term Liabilities: 42L's short term assets (SGD178.2M) exceed its long term liabilities (SGD17.3M).
Debt to Equity History and Analysis
Debt Level: 42L's net debt to equity ratio (28.4%) is considered satisfactory.
Reducing Debt: 42L's debt to equity ratio has increased from 20.9% to 40.4% over the past 5 years.
Debt Coverage: 42L's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 42L's interest payments on its debt are well covered by EBIT (4.6x coverage).