Citaglobal Berhad Balance Sheet Health
Financial Health criteria checks 5/6
Citaglobal Berhad has a total shareholder equity of MYR379.3M and total debt of MYR92.9M, which brings its debt-to-equity ratio to 24.5%. Its total assets and total liabilities are MYR636.4M and MYR257.1M respectively. Citaglobal Berhad's EBIT is MYR11.9M making its interest coverage ratio 4.6. It has cash and short-term investments of MYR50.1M.
Key information
24.5%
Debt to equity ratio
RM 92.88m
Debt
| Interest coverage ratio | 4.6x |
| Cash | RM 50.11m |
| Equity | RM 379.30m |
| Total liabilities | RM 257.07m |
| Total assets | RM 636.37m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CITAGLB-PA's short term assets (MYR361.7M) exceed its short term liabilities (MYR228.0M).
Long Term Liabilities: CITAGLB-PA's short term assets (MYR361.7M) exceed its long term liabilities (MYR29.1M).
Debt to Equity History and Analysis
Debt Level: CITAGLB-PA's net debt to equity ratio (11.3%) is considered satisfactory.
Reducing Debt: CITAGLB-PA's debt to equity ratio has reduced from 61.7% to 24.5% over the past 5 years.
Debt Coverage: CITAGLB-PA's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: CITAGLB-PA's interest payments on its debt are well covered by EBIT (4.6x coverage).