Stamford Tyres Balance Sheet Health
Financial Health criteria checks 5/6
Stamford Tyres has a total shareholder equity of SGD108.9M and total debt of SGD72.1M, which brings its debt-to-equity ratio to 66.2%. Its total assets and total liabilities are SGD221.0M and SGD112.2M respectively. Stamford Tyres's EBIT is SGD8.9M making its interest coverage ratio 2. It has cash and short-term investments of SGD34.8M.
Key information
66.2%
Debt to equity ratio
S$72.07m
Debt
| Interest coverage ratio | 2x |
| Cash | S$34.76m |
| Equity | S$108.85m |
| Total liabilities | S$112.18m |
| Total assets | S$221.04m |
Recent financial health updates
Does Stamford Tyres (SGX:S29) Have A Healthy Balance Sheet?
Jan 11
Is Stamford Tyres (SGX:S29) Using Too Much Debt?
Jan 25Recent updates
Unpleasant Surprises Could Be In Store For Stamford Tyres Corporation Limited's (SGX:S29) Shares
Jan 26There May Be Reason For Hope In Stamford Tyres' (SGX:S29) Disappointing Earnings
Dec 21Stamford Tyres (SGX:S29) Is Paying Out A Dividend Of SGD0.015
Sep 11Stamford Tyres (SGX:S29) Has Affirmed Its Dividend Of SGD0.015
Aug 28Stamford Tyres' (SGX:S29) Dividend Will Be SGD0.015
Aug 10Here's Why We Think Stamford Tyres (SGX:S29) Might Deserve Your Attention Today
Jul 29Stamford Tyres (SGX:S29) Will Be Looking To Turn Around Its Returns
Jun 28Calculating The Intrinsic Value Of Stamford Tyres Corporation Limited (SGX:S29)
Mar 23Does Stamford Tyres (SGX:S29) Have A Healthy Balance Sheet?
Jan 11We Think Stamford Tyres' (SGX:S29) Solid Earnings Are Understated
Aug 05Is Stamford Tyres (SGX:S29) Headed For Trouble?
Mar 18Is Stamford Tyres (SGX:S29) Using Too Much Debt?
Jan 25Here's What's Concerning About Stamford Tyres (SGX:S29)
Dec 02
Financial Position Analysis
Short Term Liabilities: S29's short term assets (SGD148.2M) exceed its short term liabilities (SGD95.3M).
Long Term Liabilities: S29's short term assets (SGD148.2M) exceed its long term liabilities (SGD16.9M).
Debt to Equity History and Analysis
Debt Level: S29's net debt to equity ratio (34.3%) is considered satisfactory.
Reducing Debt: S29's debt to equity ratio has reduced from 74.6% to 66.2% over the past 5 years.
Debt Coverage: S29's debt is well covered by operating cash flow (36.1%).
Interest Coverage: S29's interest payments on its debt are not well covered by EBIT (2x coverage).