Binastra Corporation Berhad Balance Sheet Health
Financial Health criteria checks 5/6
Binastra Berhad has a total shareholder equity of MYR227.5M and total debt of MYR32.2M, which brings its debt-to-equity ratio to 14.1%. Its total assets and total liabilities are MYR539.8M and MYR312.3M respectively. Binastra Berhad's EBIT is MYR90.8M making its interest coverage ratio 129.1. It has cash and short-term investments of MYR98.1M.
Key information
14.1%
Debt to equity ratio
RM 32.18m
Debt
| Interest coverage ratio | 129.1x |
| Cash | RM 98.05m |
| Equity | RM 227.48m |
| Total liabilities | RM 312.28m |
| Total assets | RM 539.76m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BNASTRA's short term assets (MYR493.8M) exceed its short term liabilities (MYR312.2M).
Long Term Liabilities: BNASTRA's short term assets (MYR493.8M) exceed its long term liabilities (MYR55.0K).
Debt to Equity History and Analysis
Debt Level: BNASTRA has more cash than its total debt.
Reducing Debt: BNASTRA's debt to equity ratio has reduced from 53.4% to 14.1% 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 (129.1x coverage).