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 MYR45.9M and MYR2.3M respectively. AbleGroup Berhad's EBIT is MYR535.0K making its interest coverage ratio -8.5. It has cash and short-term investments of MYR4.3M.
Key information
0%
Debt to equity ratio
RM0
Debt
| Interest coverage ratio | -8.5x |
| Cash | RM4.28m |
| Equity | RM43.54m |
| Total liabilities | RM2.32m |
| Total assets | RM45.86m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ABLEGRP's short term assets (MYR8.4M) exceed its short term liabilities (MYR1.9M).
Long Term Liabilities: ABLEGRP's short term assets (MYR8.4M) exceed its long term liabilities (MYR456.0K).
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 1.7%.
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.