MCE Holdings Berhad Balance Sheet Health

Financial Health criteria checks 5/6

MCE Holdings Berhad has a total shareholder equity of MYR120.8M and total debt of MYR12.9M, which brings its debt-to-equity ratio to 10.6%. Its total assets and total liabilities are MYR169.5M and MYR48.7M respectively. MCE Holdings Berhad's EBIT is MYR22.9M making its interest coverage ratio 21.1. It has cash and short-term investments of MYR30.1M.

Key information

10.6%

Debt to equity ratio

RM12.86m

Debt

Interest coverage ratio21.1x
CashRM30.06m
EquityRM120.81m
Total liabilitiesRM48.73m
Total assetsRM169.53m

Recent financial health updates

Recent updates

MCE Holdings Berhad (KLSE:MCEHLDG) Held Back By Insufficient Growth Even After Shares Climb 28%

Feb 12
MCE Holdings Berhad (KLSE:MCEHLDG) Held Back By Insufficient Growth Even After Shares Climb 28%

MCE Holdings Berhad's (KLSE:MCEHLDG) Profits May Not Reveal Underlying Issues

Dec 28
MCE Holdings Berhad's (KLSE:MCEHLDG) Profits May Not Reveal Underlying Issues

MCE Holdings Berhad's (KLSE:MCEHLDG) Shares Leap 30% Yet They're Still Not Telling The Full Story

Dec 21
MCE Holdings Berhad's (KLSE:MCEHLDG) Shares Leap 30% Yet They're Still Not Telling The Full Story

MCE Holdings Berhad (KLSE:MCEHLDG) Could Easily Take On More Debt

Oct 02
MCE Holdings Berhad (KLSE:MCEHLDG) Could Easily Take On More Debt

We Like These Underlying Return On Capital Trends At MCE Holdings Berhad (KLSE:MCEHLDG)

May 16
We Like These Underlying Return On Capital Trends At MCE Holdings Berhad (KLSE:MCEHLDG)

MCE Holdings Berhad's (KLSE:MCEHLDG) Solid Profits Have Weak Fundamentals

Apr 05
MCE Holdings Berhad's (KLSE:MCEHLDG) Solid Profits Have Weak Fundamentals

These 4 Measures Indicate That MCE Holdings Berhad (KLSE:MCEHLDG) Is Using Debt Reasonably Well

Mar 18
These 4 Measures Indicate That MCE Holdings Berhad (KLSE:MCEHLDG) Is Using Debt Reasonably Well

Is MCE Holdings Berhad (KLSE:MCEHLDG) A Risky Investment?

Dec 14
Is MCE Holdings Berhad (KLSE:MCEHLDG) A Risky Investment?

Here's Why MCE Holdings Berhad (KLSE:MCEHLDG) Has A Meaningful Debt Burden

Jul 01
Here's Why MCE Holdings Berhad (KLSE:MCEHLDG) Has A Meaningful Debt Burden

Does MCE Holdings Berhad (KLSE:MCEHLDG) Have A Healthy Balance Sheet?

Sep 10
Does MCE Holdings Berhad (KLSE:MCEHLDG) Have A Healthy Balance Sheet?

Is MCE Holdings Berhad (KLSE:MCEHLDG) Using Too Much Debt?

May 24
Is MCE Holdings Berhad (KLSE:MCEHLDG) Using Too Much Debt?

MCE Holdings Berhad (KLSE:MCEHLDG) Shareholders Will Want The ROCE Trajectory To Continue

Mar 30
MCE Holdings Berhad (KLSE:MCEHLDG) Shareholders Will Want The ROCE Trajectory To Continue

Does MCE Holdings Berhad (KLSE:MCEHLDG) Have A Healthy Balance Sheet?

Dec 23
Does MCE Holdings Berhad (KLSE:MCEHLDG) Have A Healthy Balance Sheet?

Financial Position Analysis

Short Term Liabilities: MCEHLDG's short term assets (MYR80.8M) exceed its short term liabilities (MYR35.3M).

Long Term Liabilities: MCEHLDG's short term assets (MYR80.8M) exceed its long term liabilities (MYR13.4M).


Debt to Equity History and Analysis

Debt Level: MCEHLDG has more cash than its total debt.

Reducing Debt: MCEHLDG's debt to equity ratio has increased from 0.2% to 10.6% over the past 5 years.

Debt Coverage: MCEHLDG's debt is well covered by operating cash flow (236.3%).

Interest Coverage: MCEHLDG's interest payments on its debt are well covered by EBIT (21.1x coverage).


Balance Sheet


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