FBS Global Limited (FBGL) Key Metrics
FBGL key metrics, 2020–2025
Fiscal year ended December 31, 2025 · Singapore dollarsFBGL returns How much profit the business earns on the capital it uses.
FBGL financial health Debt, liquidity and how easily interest is covered.
FBGL efficiency & capital use Working capital cycle and where the cash goes.
FBGL returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
FBGL debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
FBGL cash returned to shareholders
FBGL key metrics in Singapore dollars
2020–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Returns & profitability | ||||||
| Return on equity (ROE) | −23.6% | −17.4% | 0.1% | 1.5% | 66.3% | −36.8% |
| Return on invested capital (ROIC) | −25.7% | −26.2% | −0.8% | 0.7% | 69.0% | — |
| Return on assets (ROA) | −9.4% | −4.8% | 0.0% | 0.4% | 10.1% | −3.5% |
| Return on tangible assets | −7.3% | −5.2% | 0.0% | 0.4% | 9.3% | −3.5% |
| Free cash flow margin | −16.2% | −1.4% | 16.6% | −3.2% | −6.6% | 23.5% |
| Income quality (OCF / net income) | — | — | 775.64 | −6.34 | −0.83 | — |
| Financial health | ||||||
| Total debt | S$128,854 | S$1.5M | S$2.4M | S$2.9M | S$4.3M | S$4.2M |
| Cash & short-term investments | S$4.0M | S$3.0M | S$4.5M | S$1.9M | S$3.6M | S$6.2M |
| Net debt | −S$3.9M | −S$1.4M | −S$2.1M | S$999,027 | S$763,138 | −S$2.0M |
| Debt / equity | 0.01 | 0.36 | 0.46 | 0.57 | 1.13 | 2.73 |
| Debt / assets | 0.00 | 0.10 | 0.13 | 0.17 | 0.23 | 0.26 |
| Net debt / EBITDA | — | −13.50 | −10.30 | 2.27 | 0.32 | — |
| Current ratio | 1.60 | 0.87 | 1.10 | 1.21 | 1.18 | 1.07 |
| Quick ratio | 1.60 | 0.87 | 1.10 | 1.21 | 1.18 | 1.07 |
| Interest coverage | -133.5 | -14.7 | -0.6 | 0.9 | 20.3 | -12.3 |
| Working capital | S$9.0M | −S$1.5M | S$1.2M | S$2.2M | S$2.3M | S$814,643 |
| Invested capital | S$9.0M | S$2.8M | S$3.0M | S$6.1M | S$4.6M | −S$421,329 |
| Tangible asset value | S$12.9M | S$4.3M | S$5.1M | S$5.1M | S$3.8M | S$1.5M |
| Net current asset value | S$9.0M | −S$1.6M | S$305,493 | S$443,260 | −S$281,354 | −S$2.6M |
| Capital allocation | ||||||
| Dividends paid | — | — | — | S$0 | S$1.3M | S$0 |
| Dividend payout ratio | — | — | — | 0.0% | 73.1% | — |
| Dividends + buybacks / free cash flow | — | — | — | — | — | 0.0% |
| Capex / revenue | 0.3% | 0.5% | 0.0% | 0.6% | 0.1% | 1.5% |
| Capex / operating cash flow | — | — | 0.1% | — | — | 6.1% |
| Capex / depreciation | 0.09 | 0.08 | 0.02 | 0.70 | 0.17 | 0.71 |
| R&D / revenue | 2.6% | — | — | — | — | — |
| SG&A / revenue | 14.4% | 13.7% | 9.8% | 11.5% | 6.0% | 21.6% |
| Efficiency | ||||||
| Days sales outstanding | 172.2 | 206.0 | 161.7 | 236.7 | 132.9 | 332.4 |
| Days payables outstanding | 41.4 | 58.8 | 44.3 | 48.0 | 29.9 | 100.0 |
| Cash conversion cycle (days) | 130.8 | 147.2 | 117.4 | 188.7 | 103.0 | 232.5 |
| Receivables turnover | 2.12 | 1.77 | 2.26 | 1.54 | 2.75 | 1.10 |
| Payables turnover | 8.82 | 6.20 | 8.24 | 7.61 | 12.20 | 3.65 |
| Asset turnover | 1.19 | 0.82 | 1.23 | 0.92 | 1.29 | 0.35 |
| Average receivables | S$12.2M | S$7.8M | S$9.7M | S$10.9M | S$8.3M | S$5.2M |
| Average payables | S$2.6M | S$2.0M | S$2.3M | S$1.9M | S$1.5M | S$1.4M |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from FBGL's annual financial statements (latest annual report filed April 30, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in Singapore dollars; data from EODHD. Averages use the opening and closing balance of each year.
FBGL valuation and financial ratios
FBS Global earned a return on equity of −23.6% and a return on invested capital of −25.7% in fiscal 2025. It ended the year with S$0.1 million of debt and S$4.0 million in cash and short-term investments, a net cash position of S$3.9 million.
See the FBGL income statement, the FBGL chart for price history, or the FBGL stock overview for the latest quote and news.
FBGL key metrics FAQ
What is FBS Global's return on equity?
FBS Global's return on equity (ROE) was −23.6% in fiscal 2025: net income of -S$2.0 million on average shareholders' equity of S$8.6 million.
What is FBS Global's ROIC?
FBS Global's return on invested capital was −25.7% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does FBS Global have?
FBS Global had total debt of S$0.1 million at the end of fiscal 2025, a debt-to-equity ratio of 0.01 and more cash than debt.
What is FBS Global's current ratio?
FBS Global's current ratio was 1.60 at the end of fiscal 2025: current assets were 1.60 times current liabilities.