Worldgate Global Logistics Balance Sheet Health
Financial Health criteria checks 6/6
Worldgate Global Logistics has a total shareholder equity of MYR29.5M and total debt of MYR3.8M, which brings its debt-to-equity ratio to 12.8%. Its total assets and total liabilities are MYR48.5M and MYR18.9M respectively.
Key information
12.8%
Debt to equity ratio
RM 3.78m
Debt
| Interest coverage ratio | n/a |
| Cash | RM 20.38m |
| Equity | RM 29.55m |
| Total liabilities | RM 18.91m |
| Total assets | RM 48.46m |
Recent financial health updates
Is Worldgate Global Logistics (HKG:8292) Using Too Much Debt?
Sep 21
Does Worldgate Global Logistics (HKG:8292) Have A Healthy Balance Sheet?
Apr 12Does Worldgate Global Logistics (HKG:8292) Have A Healthy Balance Sheet?
Aug 16Health Check: How Prudently Does Worldgate Global Logistics (HKG:8292) Use Debt?
Dec 09Recent updates
Worldgate Global Logistics Ltd's (HKG:8292) Share Price Is Still Matching Investor Opinion Despite 50% Slump
Nov 19Why Investors Shouldn't Be Surprised By Worldgate Global Logistics Ltd's (HKG:8292) 36% Share Price Surge
Oct 04Take Care Before Jumping Onto Worldgate Global Logistics Ltd (HKG:8292) Even Though It's 27% Cheaper
Jul 02Worldgate Global Logistics Ltd (HKG:8292) Might Not Be As Mispriced As It Looks
Mar 06Positive Sentiment Still Eludes Worldgate Global Logistics Ltd (HKG:8292) Following 62% Share Price Slump
Apr 17Is Worldgate Global Logistics (HKG:8292) Using Too Much Debt?
Sep 21Does Worldgate Global Logistics (HKG:8292) Have A Healthy Balance Sheet?
Apr 12Does Worldgate Global Logistics (HKG:8292) Have A Healthy Balance Sheet?
Aug 16Health Check: How Prudently Does Worldgate Global Logistics (HKG:8292) Use Debt?
Dec 09Financial Position Analysis
Short Term Liabilities: 8292's short term assets (MYR36.0M) exceed its short term liabilities (MYR17.4M).
Long Term Liabilities: 8292's short term assets (MYR36.0M) exceed its long term liabilities (MYR1.5M).
Debt to Equity History and Analysis
Debt Level: 8292 has more cash than its total debt.
Reducing Debt: 8292's debt to equity ratio has reduced from 29.9% to 12.8% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: 8292 has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: 8292 has sufficient cash runway for 1.2 years if free cash flow continues to reduce at historical rates of 29.7% each year.