$SIA (C6L.SG)$: [Share Link: We Think Singapore Airlines (SG...

Singapore Airlines does have more liabilities than liquid assets. It also has net cash of S$911.2m. The cherry on top was that in converted 210% of that EBIT to free cash flow, bringing in S$3.0b. So we don't have any problem with Singapore Airlines's use of debt. When analysing debt levels, the balance sheet is the obvious place to start. However, not all investment risks reside within the balance sheet.

After reading and analyzing this report, I am pretty optimistic about SIA in about 2 or 3 years' time. Could be much earlier than that if properly managed. Just my analysis !