Singapore’s

corporate sector

2023

Total Assets & Equity
2018-2023

S$ Bil

GROWTH RATE FROM 2022 TO 2023
TOTAL ASSETS
0.7%
TOTAL EQUITY
0.8%
* Total Assets = Total Equity + Total Liabilities
COMPOSITION OF BALANCE SHEET
2023

Total Assets

s$13127.8BIL

Total Equity

s$5119.5BIL
39.0%
of assets funded by equity

Total Liabilities

s$8008.3BIL
TOTAL ASSETS BY INDUSTRY
2023
TOP 5 INDUSTRIES
TOTAL EQUITY BY TOP INDUSTRY
2023
TOP 5 INDUSTRIES
CURRENT RATIO BY INDUSTRY
2023

Current assets < Current liabilities

Current assets = Current liabilities

Current assets > Current liabilities

1
RATIO BELOW 1
The risk of the company running into a liquidity problem is higher
RATIO EQUALS 1
The company has exactly balanced its current liabilities with current assets
RATIO ABOVE 1
This indicates liquidity in the company
Defined as the ratio of current assets to current liabilities and measures the companies' ability to meet their
current liabilities when due.
EQUITY RATIO BY INDUSTRY
2023
The higher the company's dependence on external funding to finance its assets, the lower the ratio.
Defined as the ratio of total equity to total assets and measures the dependence of companies on external funding
to finance their assets.
RETURN ON ASSETS BY INDUSTRY
2023
Return on assets is defined as
the ratio of profit before interest and tax to average total assets.
RETURN ON EQUITY BY INDUSTRY
2023
Return on equity is defined as the ratio of profit before tax to average total equity.
RESOURCES
Latest Data on Corporate Sector
www.singstat.gov.sg/find-data/search-by-theme/industry/corporate-sector/latest-data
Other Resources on Corporate Sector
www.singstat.gov.sg/find-data/search-by-theme/industry/corporate-sector/visualising-data/singapore-corporate-sector-dashboard
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Note: Numbers may not add up to the totals due to rounding

Updated in Mar 2025