Cortina Holdings Balance Sheet Health

Financial Health criteria checks 6/6

Cortina Holdings has a total shareholder equity of SGD378.6M and total debt of SGD18.0M, which brings its debt-to-equity ratio to 4.8%. Its total assets and total liabilities are SGD639.7M and SGD261.0M respectively. Cortina Holdings's EBIT is SGD104.7M making its interest coverage ratio 31.3. It has cash and short-term investments of SGD103.1M.

Key information

4.8%

Debt to equity ratio

S$18.00m

Debt

Interest coverage ratio	31.3x
Cash	S$103.11m
Equity	S$378.62m
Total liabilities	S$261.05m
Total assets	S$639.67m

Recent financial health updates

Is Cortina Holdings (SGX:C41) Using Too Much Debt?

Nov 16

We Think Cortina Holdings (SGX:C41) Can Stay On Top Of Its Debt

Dec 29

Recent updates

Is Cortina Holdings (SGX:C41) Using Too Much Debt?

Nov 16

Did You Participate In Any Of Cortina Holdings' (SGX:C41) Fantastic 269% Return ?

Mar 15

Will Weakness in Cortina Holdings Limited's (SGX:C41) Stock Prove Temporary Given Strong Fundamentals?

Feb 22

What Kind Of Investors Own Most Of Cortina Holdings Limited (SGX:C41)?

Feb 04

Here's Why We Think Cortina Holdings's (SGX:C41) Statutory Earnings Might Be Conservative

Jan 18

We Think Cortina Holdings (SGX:C41) Can Stay On Top Of Its Debt

Dec 29

Shareholders Of Cortina Holdings (SGX:C41) Must Be Happy With Their 243% Total Return

Dec 11

Are Strong Financial Prospects The Force That Is Driving The Momentum In Cortina Holdings Limited's SGX:C41) Stock?

Nov 23

Financial Position Analysis

Short Term Liabilities: C41's short term assets (SGD399.8M) exceed its short term liabilities (SGD171.9M).

Long Term Liabilities: C41's short term assets (SGD399.8M) exceed its long term liabilities (SGD89.2M).

Debt to Equity History and Analysis

Debt Level: C41 has more cash than its total debt.

Reducing Debt: C41's debt to equity ratio has reduced from 16.6% to 4.8% over the past 5 years.

Debt Coverage: C41's debt is well covered by operating cash flow (361.1%).

Interest Coverage: C41's interest payments on its debt are well covered by EBIT (31.3x coverage).

Cortina Holdings Balance Sheet Health

Financial Health criteria checks 6/6

Key information

Recent financial health updates

Is Cortina Holdings (SGX:C41) Using Too Much Debt?

We Think Cortina Holdings (SGX:C41) Can Stay On Top Of Its Debt

Recent updates

Cortina Holdings Limited Approves Final One-Tier Tax Exempt Dividend for the Financial Year Ended 31 March 2023

Upcoming dividend of S$0.16 per share at 4.0% yield

Full year 2023 earnings released: EPS: S$0.46 (vs S$0.41 in FY 2022)

Sincere Brand Management Limited Commences Proceedings Against Cortina Holdings Limited

Insufficient new directors

Cortina Holdings Limited, Annual General Meeting, Jul 28, 2023

Full year 2023 earnings released

Insufficient new directors

Insufficient new directors

First half 2023 earnings released: EPS: S$0.23 (vs S$0.15 in 1H 2022)

Upcoming dividend of S$0.12 per share

Cortina Holdings Declares Final Dividend for the Year Ended March 31, 2022

Cortina Holdings Limited Proposes to Declare Special One-Tier Tax Exempt Dividend and Special 50th Anniversary One-Tier Tax Exempt Dividend for the Financial Year Ended March 31, 2022

Full year 2022 earnings released: EPS: S$0.41 (vs S$0.24 in FY 2021)

Cortina Holdings Limited proposes Special One-Tier Tax Exempt Dividend and Special 50th Anniversary One-Tier Tax Exempt Dividend for the Financial Year Ended 31 March 2022, Payable on 19 August 2022

Cortina Holdings Limited Appoints Lim Jit Yaw as Chief Operating Officer

Full year 2022 earnings released

Cortina Holdings Limited, Annual General Meeting, Jul 29, 2022

Cortina Holdings Limited Announces Reconstitution of the Nominating Committee

Is Cortina Holdings (SGX:C41) Using Too Much Debt?

First half 2022 earnings released: EPS S$0.15 (vs S$0.088 in 1H 2021)

Insufficient new directors

Insufficient new directors

Upcoming dividend of S$0.065 per share

Cortina Holdings Limited Approves Special One-Tier Tax Exempt Dividend for the Financial Year Ended March 31, 2021

Insufficient new directors

Full year 2021 earnings released

Investor sentiment improved over the past week

Cortina Holdings Limited (SGX:C41) completed the acquisition of Sincere Watch Limited from Be Bright Limited for SGD 84.70 million.

Did You Participate In Any Of Cortina Holdings' (SGX:C41) Fantastic 269% Return ?

New 90-day high: S$2.21

Will Weakness in Cortina Holdings Limited's (SGX:C41) Stock Prove Temporary Given Strong Fundamentals?

What Kind Of Investors Own Most Of Cortina Holdings Limited (SGX:C41)?

Here's Why We Think Cortina Holdings's (SGX:C41) Statutory Earnings Might Be Conservative

We Think Cortina Holdings (SGX:C41) Can Stay On Top Of Its Debt

Shareholders Of Cortina Holdings (SGX:C41) Must Be Happy With Their 243% Total Return

Are Strong Financial Prospects The Force That Is Driving The Momentum In Cortina Holdings Limited's SGX:C41) Stock?

Cortina Holdings Limited (SGX:C41) entered into a sale and purchase agreement to acquire Sincere Watch Limited from Be Bright Limited for SGD 84.5 million.

First half 2021 earnings released: EPS S$0.088

New 90-day high: S$2.09

New 90-day high - S$1.70

Full year earnings released - EPS S$0.24

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

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