Singapore Shipping Balance Sheet Health
Financial Health criteria checks 6/6
Singapore Shipping has a total shareholder equity of $119.6M and total debt of $31.9M, which brings its debt-to-equity ratio to 26.6%. Its total assets and total liabilities are $186.7M and $67.2M respectively. Singapore Shipping's EBIT is $9.9M making its interest coverage ratio -8.5. It has cash and short-term investments of $63.3M.
Key information
26.6%
Debt to equity ratio
US$31.86m
Debt
| Interest coverage ratio | -8.5x |
| Cash | US$63.35m |
| Equity | US$119.57m |
| Total liabilities | US$67.17m |
| Total assets | US$186.74m |
Recent financial health updates
Singapore Shipping (SGX:S19) Seems To Use Debt Quite Sensibly
Mar 14
Singapore Shipping (SGX:S19) Seems To Use Debt Quite Sensibly
Jan 01
Recent updates
Singapore Shipping (SGX:S19) Seems To Use Debt Quite Sensibly
Mar 14Investors Met With Slowing Returns on Capital At Singapore Shipping (SGX:S19)
Oct 26Will Singapore Shipping (SGX:S19) Multiply In Value Going Forward?
Mar 08Does Singapore Shipping's (SGX:S19) Statutory Profit Adequately Reflect Its Underlying Profit?
Feb 09Is Singapore Shipping Corporation Limited's (SGX:S19) Recent Stock Performance Influenced By Its Fundamentals In Any Way?
Jan 19Singapore Shipping (SGX:S19) Seems To Use Debt Quite Sensibly
Jan 01How Much Did Singapore Shipping's(SGX:S19) Shareholders Earn From Share Price Movements Over The Last Five Years?
Dec 11Financial Position Analysis
Short Term Liabilities: S19's short term assets ($70.2M) exceed its short term liabilities ($11.7M).
Long Term Liabilities: S19's short term assets ($70.2M) exceed its long term liabilities ($55.4M).
Debt to Equity History and Analysis
Debt Level: S19 has more cash than its total debt.
Reducing Debt: S19's debt to equity ratio has reduced from 72.5% to 26.6% over the past 5 years.
Debt Coverage: S19's debt is well covered by operating cash flow (61.8%).
Interest Coverage: S19 earns more interest than it pays, so coverage of interest payments is not a concern.