Union Gas Holdings Balance Sheet Health
Financial Health criteria checks 5/6
Union Gas Holdings has a total shareholder equity of SGD68.6M and total debt of SGD16.8M, which brings its debt-to-equity ratio to 24.6%. Its total assets and total liabilities are SGD145.0M and SGD76.4M respectively. Union Gas Holdings's EBIT is SGD15.0M making its interest coverage ratio 11.5. It has cash and short-term investments of SGD13.2M.
Key information
24.6%
Debt to equity ratio
S$16.84m
Debt
| Interest coverage ratio | 11.5x |
| Cash | S$13.24m |
| Equity | S$68.58m |
| Total liabilities | S$76.40m |
| Total assets | S$144.98m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 1F2's short term assets (SGD55.4M) exceed its short term liabilities (SGD39.6M).
Long Term Liabilities: 1F2's short term assets (SGD55.4M) exceed its long term liabilities (SGD36.8M).
Debt to Equity History and Analysis
Debt Level: 1F2's net debt to equity ratio (5.2%) is considered satisfactory.
Reducing Debt: 1F2's debt to equity ratio has increased from 0% to 24.6% over the past 5 years.
Debt Coverage: 1F2's debt is well covered by operating cash flow (108.1%).
Interest Coverage: 1F2's interest payments on its debt are well covered by EBIT (11.5x coverage).