Sing Holdings

[Behappyalways]

Their present net debt to equity is 0.9(3Q2013) and in 4Q2013 they should collect another $90m( $30m from Waterwoods and $60m from the trade receivables(The Laurels). More if more units of Waterwoods are sold). This will bring down net debt to equity to 0.6. They have another $100m trade receivables from The Laurels to be collected within a year.....This will bring cash to around $290m with short term debt of $120m. Long term debt is link to TOP of their Robin and Waterwoods so I doubt they will try to pare it down. As more units of Waterwoods are sold and construction progress and with coming launch of Robin, there should be more cash inflow......

If management tries to maintain a net debt to equity of 1.1 then right now they simply have too much cash than they need.....