Binastra Corporation Berhad Balance Sheet Health
Financial Health criteria checks 5/6
Binastra Berhad has a total shareholder equity of MYR101.3M and total debt of MYR49.0M, which brings its debt-to-equity ratio to 48.4%. Its total assets and total liabilities are MYR378.7M and MYR277.4M respectively. Binastra Berhad's EBIT is MYR71.2M making its interest coverage ratio 209.5. It has cash and short-term investments of MYR30.0M.
Key information
48.4%
Debt to equity ratio
RM 48.99m
Debt
| Interest coverage ratio | 209.5x |
| Cash | RM 29.98m |
| Equity | RM 101.31m |
| Total liabilities | RM 277.40m |
| Total assets | RM 378.71m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: BNASTRA's short term assets (MYR369.5M) exceed its short term liabilities (MYR277.3M).
Long Term Liabilities: BNASTRA's short term assets (MYR369.5M) exceed its long term liabilities (MYR67.0K).
Debt to Equity History and Analysis
Debt Level: BNASTRA's net debt to equity ratio (18.8%) is considered satisfactory.
Reducing Debt: BNASTRA's debt to equity ratio has reduced from 48.5% to 48.4% over the past 5 years.
Debt Coverage: BNASTRA's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: BNASTRA's interest payments on its debt are well covered by EBIT (209.5x coverage).