Credit Quality
Our Temasek Credit Profile1 is a snapshot of our credit quality and financial strength2. For these ratios, the lower the percentage, the higher the credit quality.
(for year ended 31 March)
Total Debt
5% of Net Portfolio Value
Total Debt
19% of Liquid Assets3

Interest Expense
5% of Dividend Income
Interest Expense
1% of Recurring Income4

Total Debt due in One Year
7% of Recurring Income4
Total Debt due in next 10 Years
28% of Liquidity Balance5

Key Credit Parameters (in S$ billion)
For year ended 31 March | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
---|---|---|---|---|---|---|---|---|---|---|---|
Divestments | 15 | 13 | 10 | 19 | 28 | 18 | 16 | 28 | 26 | 39 | 37 |
Dividend income | 8.1 | 6.4 | 7.9 | 7.9 | 7.8 | 7.0 | 9.0 | 8.5 | 11.9 | 8.4 | 9.4 |
Income from investments | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.3 | 0.4 | 0.8 | 0.7 | 1.0 |
Interest income | 0.2 | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.2 | 0.4 | 0.7 | 0.1 | 0.1 |
Interest expense |
0.5 | 0.5 | 0.5 | 0.5 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.5 |
Net portfolio value | 198 | 215 | 223 | 266 | 242 | 275 | 308 | 313 | 306 | 381 | 403 |
Liquid assets3 | 71.8 | 76.5 | 80.3 | 90.6 | 74.3 | 91.1 | 110.3 | 112.2 | 112.4 | 143.1 | 113.6 |
Liquidity balance5 | 33.7 | 33.3 | 29.9 | 26.7 | 27.1 | 37.6 | 33.2 | 44.2 | 47.1 | 50.8 | 38.4 |
Total debt6 | 13.5 | 14.6 | 14.2 | 13.8 | 12.9 | 12.8 | 12.8 | 15.1 | 13.9 | 17.6 | 22.0 |