Sunright Balance Sheet Health

Financial Health criteria checks 5/6

Sunright has a total shareholder equity of SGD127.2M and total debt of SGD21.7M, which brings its debt-to-equity ratio to 17%. Its total assets and total liabilities are SGD172.2M and SGD45.0M respectively. Sunright's EBIT is SGD4.6M making its interest coverage ratio 3.4. It has cash and short-term investments of SGD99.6M.

Key information

17.0%

Debt to equity ratio

S$21.68m

Debt

Interest coverage ratio	3.4x
Cash	S$99.64m
Equity	S$127.21m
Total liabilities	S$44.95m
Total assets	S$172.16m

Recent financial health updates

Recent updates

Sunright's (SGX:S71) Solid Profits Have Weak Fundamentals

Nov 01

Is Sunright (SGX:S71) Using Too Much Debt?

Oct 02

Investors Aren't Buying Sunright Limited's (SGX:S71) Revenues

Jun 14

Sunright (SGX:S71) Has Debt But No Earnings; Should You Worry?

Apr 04

Revenues Not Telling The Story For Sunright Limited (SGX:S71)

Dec 29

Is Sunright (SGX:S71) Using Too Much Debt?

Oct 02

A Look At The Fair Value Of Sunright Limited (SGX:S71)

Jul 21

Health Check: How Prudently Does Sunright (SGX:S71) Use Debt?

May 27

Estimating The Intrinsic Value Of Sunright Limited (SGX:S71)

Mar 24

Is Sunright (SGX:S71) Using Debt In A Risky Way?

Jan 26

Calculating The Fair Value Of Sunright Limited (SGX:S71)

Sep 08

Calculating The Fair Value Of Sunright Limited (SGX:S71)

May 12

Is Sunright (SGX:S71) Weighed On By Its Debt Load?

Mar 13

Here's Why Sunright's (SGX:S71) Statutory Earnings Are Arguably Too Conservative

Dec 30

Financial Position Analysis

Short Term Liabilities: S71's short term assets (SGD118.5M) exceed its short term liabilities (SGD29.7M).

Long Term Liabilities: S71's short term assets (SGD118.5M) exceed its long term liabilities (SGD15.2M).

Debt to Equity History and Analysis

Debt Level: S71 has more cash than its total debt.

Reducing Debt: S71's debt to equity ratio has increased from 15% to 17% over the past 5 years.

Debt Coverage: S71's debt is well covered by operating cash flow (57.8%).

Interest Coverage: S71's interest payments on its debt are well covered by EBIT (3.4x coverage).

Sunright Balance Sheet Health

Financial Health criteria checks 5/6

Key information

Recent financial health updates

Is Sunright (SGX:S71) Using Too Much Debt?

Sunright (SGX:S71) Has Debt But No Earnings; Should You Worry?

Is Sunright (SGX:S71) Using Too Much Debt?

Health Check: How Prudently Does Sunright (SGX:S71) Use Debt?

Is Sunright (SGX:S71) Using Debt In A Risky Way?

Is Sunright (SGX:S71) Weighed On By Its Debt Load?

Recent updates

Sunright's (SGX:S71) Solid Profits Have Weak Fundamentals

Full year 2024 earnings released: EPS: S$0.018 (vs S$0.025 loss in FY 2023)

Sunright Limited, Annual General Meeting, Nov 22, 2024

Is Sunright (SGX:S71) Using Too Much Debt?

Full year 2024 earnings released: EPS: S$0.018 (vs S$0.025 loss in FY 2023)

Sunright Limited Announces Retirement of Timothy Brooks Smith as Independent Non-Executive Director and Chairman of the Remuneration Committee, Member of the Audit and Risk Committee and Nominating Committee

Investors Aren't Buying Sunright Limited's (SGX:S71) Revenues

Sunright (SGX:S71) Has Debt But No Earnings; Should You Worry?

First half 2024 earnings released: S$0.023 loss per share (vs S$0.011 loss in 1H 2023)

Insufficient new directors

Revenues Not Telling The Story For Sunright Limited (SGX:S71)

Sunright Limited, Annual General Meeting, Nov 24, 2023

Is Sunright (SGX:S71) Using Too Much Debt?

Full year 2023 earnings released: S$0.025 loss per share (vs S$0.032 loss in FY 2022)

New minor risk - Financial data availability

Sunright Limited Provides Earnings Guidance for the First Half of the Financial Period Ended 31 January 2023

New minor risk - Financial data availability

First half 2023 earnings released: S$0.011 loss per share (vs S$0.012 loss in 1H 2022)

Full year 2022 earnings released: S$0.032 loss per share (vs S$0.011 profit in FY 2021)

Sunright Limited, Annual General Meeting, Nov 21, 2022

Full year 2022 earnings released: S$0.032 loss per share (vs S$0.011 profit in FY 2021)

Sunright Limited Provides Profit Guidance for Second Half of Fiscal Year 2022

Now 20% undervalued after recent price drop

A Look At The Fair Value Of Sunright Limited (SGX:S71)

Health Check: How Prudently Does Sunright (SGX:S71) Use Debt?

Estimating The Intrinsic Value Of Sunright Limited (SGX:S71)

Sunright Limited Provides Group Earnings Guidance for the Fiscal First Half Ended 31 January 2022

Is Sunright (SGX:S71) Using Debt In A Risky Way?

Full year 2021 earnings released: EPS S$0.011 (vs S$0.014 in FY 2020)

Full year 2021 earnings released: EPS S$0.011 (vs S$0.014 in FY 2020)

Calculating The Fair Value Of Sunright Limited (SGX:S71)

Calculating The Fair Value Of Sunright Limited (SGX:S71)

First half 2021 earnings released: EPS S$0.01 (vs S$0.002 in 1H 2020)

Is Sunright (SGX:S71) Weighed On By Its Debt Load?

Non Independent Non Executive Director has left the company

Non-Independent Non-Executive Director has left the company

Sunright Limited Announces Board Changes

New 90-day high: S$0.51

Here's Why Sunright's (SGX:S71) Statutory Earnings Are Arguably Too Conservative

New 90-day high: S$0.41

Sunright Limited Announces Re-Designation of Francis Lee Choon Hui as Independent Non-Executive Director to Non-Independent Non-Executive Director

New 90-day high: S$0.39

New 90-day high - S$0.40

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

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