City Developments Balance Sheet Health
Financial Health criteria checks 2/6
City Developments has a total shareholder equity of SGD9.5B and total debt of SGD11.6B, which brings its debt-to-equity ratio to 122%. Its total assets and total liabilities are SGD24.2B and SGD14.7B respectively. City Developments's EBIT is SGD664.4M making its interest coverage ratio 1.8. It has cash and short-term investments of SGD2.4B.
Key information
122.0%
Debt to equity ratio
S$11.64b
Debt
Interest coverage ratio | 1.8x |
Cash | S$2.42b |
Equity | S$9.54b |
Total liabilities | S$14.69b |
Total assets | S$24.23b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CDEV.F's short term assets (SGD10.1B) exceed its short term liabilities (SGD5.7B).
Long Term Liabilities: CDEV.F's short term assets (SGD10.1B) exceed its long term liabilities (SGD9.0B).
Debt to Equity History and Analysis
Debt Level: CDEV.F's net debt to equity ratio (96.7%) is considered high.
Reducing Debt: CDEV.F's debt to equity ratio has increased from 53.4% to 122% over the past 5 years.
Debt Coverage: CDEV.F's debt is not well covered by operating cash flow (8.2%).
Interest Coverage: CDEV.F's interest payments on its debt are not well covered by EBIT (1.8x coverage).