2 results
20-F
2023 FY
DTCK
Davis Commodities Limited Ordinary Shares
15 May 24
Annual report (foreign)
3:26pm
The following table summarizes our short-term and long-term debt activity at December 31, 2022 and 2023.
Bank loans | Currency | Period | Effective Interest rate | Carrying amount | |||||
USD’000 | |||||||||
Secured fixed rate bank loan | SGD | 2026 | 4.5% | 205 | |||||
Secured fixed rate bank loan | SGD | 2027 | 4.5% | 120 | |||||
Secured fixed rate bank loan | SGD | 2027 | 4.5% | 360 | |||||
December 31, 2022 | 685 | ||||||||
Secured fixed rate bank loan | SGD | 2026 | 4.5% | 163 | |||||
Secured fixed rate bank loan | SGD | 2027 | 4.5% | 96 | |||||
Secured fixed rate bank loan | SGD | 2026 | 4.5% | 271 | |||||
December 31, 2023 | 530 |
20-F
2023 FY
DTCK
Davis Commodities Limited Ordinary Shares
15 May 24
Annual report (foreign)
3:26pm
Working Capital
December 31, | ||||||||||||
2021 | 2022 | 2023 | ||||||||||
US$’000 | US$’000 | US$’000 | ||||||||||
Cash and cash equivalents | 7,087 | 2,540 | 1,330 | |||||||||
Accounts receivables, net | 12,868 | 4,656 | 15,267 | |||||||||
Inventories | 95 | 2,176 | 537 | |||||||||
Other current assets | 4,167 | 7,001 | 6,131 | |||||||||
Total current assets | 24,217 | 16,373 | 23,265 | |||||||||
Current portion of long-term debt | 47 | 157 | 236 | |||||||||
Accounts payables | 15,341 | 5,096 | 14,323 | |||||||||
Current operating lease obligations | 38 | – | 36 | |||||||||
Other current liabilities | 6,952 | 6,106 | 4,563 | |||||||||
Total current liabilities | 22,378 | 11,359 | 19,158 | |||||||||
Working capital | 1,839 | 5,014 | 4,107 | |||||||||
Current ratio | 1.08 | 1.44 | 1.21 |
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