Raffles Education Balance Sheet Health
Financial Health criteria checks 2/6
Raffles Education has a total shareholder equity of SGD681.9M and total debt of SGD225.3M, which brings its debt-to-equity ratio to 33%. Its total assets and total liabilities are SGD1.1B and SGD418.2M respectively. Raffles Education's EBIT is SGD16.1M making its interest coverage ratio 0.9. It has cash and short-term investments of SGD33.1M.
Key information
33.0%
Debt to equity ratio
S$225.27m
Debt
| Interest coverage ratio | 0.9x |
| Cash | S$33.07m |
| Equity | S$681.86m |
| Total liabilities | S$418.23m |
| Total assets | S$1.10b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RFLF.Y's short term assets (SGD152.7M) do not cover its short term liabilities (SGD169.5M).
Long Term Liabilities: RFLF.Y's short term assets (SGD152.7M) do not cover its long term liabilities (SGD248.8M).
Debt to Equity History and Analysis
Debt Level: RFLF.Y's net debt to equity ratio (28.2%) is considered satisfactory.
Reducing Debt: RFLF.Y's debt to equity ratio has reduced from 56.9% to 33% over the past 5 years.
Debt Coverage: RFLF.Y's debt is not well covered by operating cash flow (8.6%).
Interest Coverage: RFLF.Y's interest payments on its debt are not well covered by EBIT (0.9x coverage).