shows selective financial ratios of Singapore Airlines (SIA), for five semi-annual fiscal periods, including both before and after Covid outbreak (period of March 2020 – September 2020, highlighted with bond font). Financial Statements are also provided. Analyse the impact of Covid outbreak on SIA’s FIVE categories of financial ratios (i.e. Liquidity, leverage, turnover, profitability and market value). [Hint: Elaborate your finding with information from financial statements and attempt to connect the numbers with business activities.]

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter7: Analysis Of Financial Statements
Section: Chapter Questions
Problem 1Q: Define each of the following terms: Liquidity ratios: current ratio; quick, or acid test,...
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shows selective financial ratios of Singapore Airlines (SIA), for five semi-annual fiscal periods, including both before and after Covid outbreak (period of March 2020 – September 2020, highlighted with bond font). Financial Statements are also provided.
Analyse the impact of Covid outbreak on SIA’s FIVE categories of financial ratios (i.e. Liquidity, leverage, turnover, profitability and market value). [Hint: Elaborate your finding with information from financial statements and attempt to connect the numbers with business activities.]

Period Start
Period End
Liquidity Ratios
Cash Ratio
Current Ratio
Quick Ratio
Leverage Ratios
Total Debt/Equity
Total Debt/Total Assets
Long-Term Debt/Equity
Long-Term Debt/Total Assets
Turnover Ratios
Accounts Receivable Turnover
Days Sales Outstanding
Profitability Ratios
Operating Margin
Profit Margin
Return on Equity
Return on Assets
Market Value Ratios
Price/Book
Price/Sales
Dividend Yield
Share Price
03/21
09/21
2.28
2.72
2.49
5.06
72.13
67.47 88.07 71.27 121.08 71.90
33.97
38.15 30.83
34.96
27.76
62.45 79.48 62.11
88.68
31.44 34.43 26.86 25.60
-8.82
-4.07
09/20 03/20 09/19 03/19
03/21 09/20
03/20
09/19
0.68
4.88
-
1.41
1.69 1.30 0.44
1.57
1.22
0.35
1.11 0.28 0.16
0.41
0.32
-22.95 -29.92 -113.12 -4.16
-29.60 -36.84 -212.13 -5.46
-33.87 -28.72
-1.88
-11.98 -11.47
-0.66
5.03
11.51
4.77 8.51 15.05
76.59 42.99 24.31 31.71
1.03
5.36
1.62
5.55
60.89
23.51
5.42
2.47
5.36
2.29
0.67
0.73
0.92
0.68
0.43
0.65
1.62
5.23
3.31
3.47 4.04 6.38
Transcribed Image Text:Period Start Period End Liquidity Ratios Cash Ratio Current Ratio Quick Ratio Leverage Ratios Total Debt/Equity Total Debt/Total Assets Long-Term Debt/Equity Long-Term Debt/Total Assets Turnover Ratios Accounts Receivable Turnover Days Sales Outstanding Profitability Ratios Operating Margin Profit Margin Return on Equity Return on Assets Market Value Ratios Price/Book Price/Sales Dividend Yield Share Price 03/21 09/21 2.28 2.72 2.49 5.06 72.13 67.47 88.07 71.27 121.08 71.90 33.97 38.15 30.83 34.96 27.76 62.45 79.48 62.11 88.68 31.44 34.43 26.86 25.60 -8.82 -4.07 09/20 03/20 09/19 03/19 03/21 09/20 03/20 09/19 0.68 4.88 - 1.41 1.69 1.30 0.44 1.57 1.22 0.35 1.11 0.28 0.16 0.41 0.32 -22.95 -29.92 -113.12 -4.16 -29.60 -36.84 -212.13 -5.46 -33.87 -28.72 -1.88 -11.98 -11.47 -0.66 5.03 11.51 4.77 8.51 15.05 76.59 42.99 24.31 31.71 1.03 5.36 1.62 5.55 60.89 23.51 5.42 2.47 5.36 2.29 0.67 0.73 0.92 0.68 0.43 0.65 1.62 5.23 3.31 3.47 4.04 6.38
Period Start
Period End
Balance Sheet (In Millions of SGD)
Assets
Current Assets
Cash & Cash Equivalents
Accounts Receiv
Inventories
Other ST Assets
Non-Current Assets
Total Assets
Liabilities
Current Liabilities
Accounts Payable
Accrued Taxes
Interest & Dividends Payable
Other Payables & Accruals
Short-Term Debt
Other ST Liabilities
Non-Current Liabilities
Long-Term Debt
Other LT Liabilities
Total Liabilities
Total Shareholders' Equity
03/21
09/20 03/20 09/19
03/19
09/21 03/21 09/20 03/20 09/19
15,404 9,672 8,941 4,843 3,551
12,938 8,055 7,587 3,109 1,435
699 1,391
234
1,189
903
791
191
195
207
239
1,086 486 357 682 491
28,963 27,909 27,227 28,870 28,044
44,367 37,581 36,167 33,713 31,594
5,670 5,713 6,855 11,002
2,216 2,117 2,307 3,016
95
70
69
134
72
46
338
-
8,700
3,101
78
-
1,121 1,399 1,433 3,154 1,343
2,200 2,113 3,046 4,780 4,178
16,362 15,590 13,668 12,978 10,696
13,949 12,938 9,716 8,631 7,427
2,414 2,652 3,952 4,348 3,269
22,032 21,303 20,523 23,980 19,396
22,335 16,278 15,645 9,733 12,198
Total Liabilities & Shareholders' Equity 44,367 37,581 36,167 33,713 31,594
Period Start
Period End
Cashflow Statement (In Millions of SGD)
Cash Flow from Operations
Cash Flow from Investing
Cash Flow from Financing
Revenue
Operating Expenses
Staff Costs
Fuel Costs
Commission & Incentives
Handling Charges
Rentals on Leased Aircrafts
Operating Income
EBITDA
Pre-Tax Income
Net Income
03/21
09/21
327
-732
5,093
2,827
-619
09/20 03/20
03/21 09/20
3,446 2,831 3,497 8,005 7,911
584 577 1,047 1,516
640 376 2,288 2,349
664
810
21
7
255
282
661
4
67
413
1,477
287
206
342
-606 -2,687 1,033 1,699
-369
-945 -2,278 -2,687
1,687 8,050
2,600 -664
7,651
2,182 1,634
8,325
6
-650
-
09/19 03/19
03/20 09/19
174
-
-1,863
-726
-354
847
366
-1,182 -3,776 -507
-948
-837 -804 -3,467 -418
615
Transcribed Image Text:Period Start Period End Balance Sheet (In Millions of SGD) Assets Current Assets Cash & Cash Equivalents Accounts Receiv Inventories Other ST Assets Non-Current Assets Total Assets Liabilities Current Liabilities Accounts Payable Accrued Taxes Interest & Dividends Payable Other Payables & Accruals Short-Term Debt Other ST Liabilities Non-Current Liabilities Long-Term Debt Other LT Liabilities Total Liabilities Total Shareholders' Equity 03/21 09/20 03/20 09/19 03/19 09/21 03/21 09/20 03/20 09/19 15,404 9,672 8,941 4,843 3,551 12,938 8,055 7,587 3,109 1,435 699 1,391 234 1,189 903 791 191 195 207 239 1,086 486 357 682 491 28,963 27,909 27,227 28,870 28,044 44,367 37,581 36,167 33,713 31,594 5,670 5,713 6,855 11,002 2,216 2,117 2,307 3,016 95 70 69 134 72 46 338 - 8,700 3,101 78 - 1,121 1,399 1,433 3,154 1,343 2,200 2,113 3,046 4,780 4,178 16,362 15,590 13,668 12,978 10,696 13,949 12,938 9,716 8,631 7,427 2,414 2,652 3,952 4,348 3,269 22,032 21,303 20,523 23,980 19,396 22,335 16,278 15,645 9,733 12,198 Total Liabilities & Shareholders' Equity 44,367 37,581 36,167 33,713 31,594 Period Start Period End Cashflow Statement (In Millions of SGD) Cash Flow from Operations Cash Flow from Investing Cash Flow from Financing Revenue Operating Expenses Staff Costs Fuel Costs Commission & Incentives Handling Charges Rentals on Leased Aircrafts Operating Income EBITDA Pre-Tax Income Net Income 03/21 09/21 327 -732 5,093 2,827 -619 09/20 03/20 03/21 09/20 3,446 2,831 3,497 8,005 7,911 584 577 1,047 1,516 640 376 2,288 2,349 664 810 21 7 255 282 661 4 67 413 1,477 287 206 342 -606 -2,687 1,033 1,699 -369 -945 -2,278 -2,687 1,687 8,050 2,600 -664 7,651 2,182 1,634 8,325 6 -650 - 09/19 03/19 03/20 09/19 174 - -1,863 -726 -354 847 366 -1,182 -3,776 -507 -948 -837 -804 -3,467 -418 615
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