AbleGroup Berhad Balance Sheet Health
Financial Health criteria checks 6/6
AbleGroup Berhad has a total shareholder equity of MYR43.5M and total debt of MYR0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are MYR45.3M and MYR1.8M respectively. AbleGroup Berhad's EBIT is MYR180.8K making its interest coverage ratio -1.7. It has cash and short-term investments of MYR4.5M.
Key information
0%
Debt to equity ratio
RM 0
Debt
| Interest coverage ratio | -1.7x |
| Cash | RM 4.49m |
| Equity | RM 43.47m |
| Total liabilities | RM 1.84m |
| Total assets | RM 45.31m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: ABLEGRP's short term assets (MYR8.0M) exceed its short term liabilities (MYR1.5M).
Long Term Liabilities: ABLEGRP's short term assets (MYR8.0M) exceed its long term liabilities (MYR346.0K).
Debt to Equity History and Analysis
Debt Level: ABLEGRP is debt free.
Reducing Debt: ABLEGRP has no debt compared to 5 years ago when its debt to equity ratio was 0.8%.
Debt Coverage: ABLEGRP has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: ABLEGRP has no debt, therefore coverage of interest payments is not a concern.