Coastal Contracts Bhd Balance Sheet Health

Financial Health criteria checks 5/6

Coastal Contracts Bhd has a total shareholder equity of MYR1.7B and total debt of MYR55.7M, which brings its debt-to-equity ratio to 3.2%. Its total assets and total liabilities are MYR2.0B and MYR260.4M respectively. Coastal Contracts Bhd's EBIT is MYR51.1M making its interest coverage ratio 2.1. It has cash and short-term investments of MYR342.6M.

Key information

3.2%

Debt to equity ratio

RM55.69m

Debt

Interest coverage ratio	2.1x
Cash	RM342.58m
Equity	RM1.75b
Total liabilities	RM260.40m
Total assets	RM2.01b

Recent financial health updates

Is Coastal Contracts Bhd (KLSE:COASTAL) Using Debt In A Risky Way?

Jun 04

Is Coastal Contracts Bhd (KLSE:COASTAL) Weighed On By Its Debt Load?

Feb 19

Recent updates

Coastal Contracts Bhd's (KLSE:COASTAL) Returns On Capital Not Reflecting Well On The Business

Sep 29

Is Coastal Contracts Bhd (KLSE:COASTAL) Using Debt In A Risky Way?

Jun 04

Is Coastal Contracts Bhd (KLSE:COASTAL) Weighed On By Its Debt Load?

Feb 19

Coastal Contracts Bhd (KLSE:COASTAL) Share Prices Have Dropped 59% In The Last Five Years

Jan 02

Financial Position Analysis

Short Term Liabilities: COASTAL's short term assets (MYR1.3B) exceed its short term liabilities (MYR236.1M).

Long Term Liabilities: COASTAL's short term assets (MYR1.3B) exceed its long term liabilities (MYR24.3M).

Debt to Equity History and Analysis

Debt Level: COASTAL has more cash than its total debt.

Reducing Debt: COASTAL's debt to equity ratio has reduced from 27.1% to 3.2% over the past 5 years.

Debt Coverage: COASTAL's debt is well covered by operating cash flow (197.2%).

Interest Coverage: COASTAL's interest payments on its debt are not well covered by EBIT (2.1x coverage).

Coastal Contracts Bhd Balance Sheet Health

Financial Health criteria checks 5/6

Key information

Recent financial health updates

Is Coastal Contracts Bhd (KLSE:COASTAL) Using Debt In A Risky Way?

Is Coastal Contracts Bhd (KLSE:COASTAL) Weighed On By Its Debt Load?

Recent updates

Coastal Contracts Bhd, Annual General Meeting, Jun 13, 2024

Price target decreased by 7.4% to RM1.44

New major risk - Revenue and earnings growth

Consensus revenue estimates fall by 73%

At RM1.73, Is Coastal Contracts Bhd (KLSE:COASTAL) Worth Looking At Closely?

Consensus EPS estimates fall by 21%

Price target decreased by 17% to RM1.88

Price target decreased by 20% to RM2.26

Full year 2023 earnings released: EPS: RM0.72 (vs RM0.34 in FY 2022)

Coastal Contracts Bhd Announces Resignation of Ng Chin Keuan, Executive Director

Coastal Contracts Bhd Announces the Cessation of Office of Loh Thian Sang @ Lo Thian Siang as Independent and Non Executive Member of Remuneration Committee

Third quarter 2023 earnings released: EPS: RM0.29 (vs RM0.085 in 3Q 2022)

Consensus EPS estimates increase by 46%

Second quarter 2023 earnings released: EPS: RM0.26 (vs RM0.023 in 2Q 2022)

Price target increased to RM2.87

First quarter 2023 earnings released: EPS: RM0.27 (vs RM0.042 in 1Q 2022)

Consensus forecasts updated

Price target increased to RM2.64

Insufficient new directors

Does Coastal Contracts Bhd (KLSE:COASTAL) Deserve A Spot On Your Watchlist?

Coastal Contracts Bhd, Annual General Meeting, Dec 01, 2022

Coastal Contracts Bhd Appoints Tuan Hj Ir. Intizam Bin Ayub as Member of Remuneration Committee

Full year 2022 earnings released: EPS: RM0.35 (vs RM0.062 in FY 2021)

Price target increased to RM2.59

What Is Coastal Contracts Bhd's (KLSE:COASTAL) Share Price Doing?

Third quarter 2022 earnings released: EPS: RM0.085 (vs RM0.044 in 3Q 2021)

Insufficient new directors

Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

Coastal Contracts Bhd (KLSE:COASTAL) May Have Issues Allocating Its Capital

Investor sentiment improved over the past week

Investor sentiment improved over the past week

First quarter 2022 earnings: Revenues and EPS in line with analyst expectations

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

Coastal Contracts Bhd's (KLSE:COASTAL) Returns On Capital Not Reflecting Well On The Business

Full year 2021 earnings released: EPS RM0.062 (vs RM0.20 loss in FY 2020)

Is Coastal Contracts Bhd (KLSE:COASTAL) Using Debt In A Risky Way?

Third quarter 2021 earnings released: EPS RM0.044 (vs RM0.083 in 3Q 2020)

Second quarter 2021 earnings released: RM0.003 loss per share (vs RM0.003 loss in 2Q 2020)

Is Coastal Contracts Bhd (KLSE:COASTAL) Weighed On By Its Debt Load?

New 90-day high: RM0.80

Coastal Contracts Bhd (KLSE:COASTAL) Share Prices Have Dropped 59% In The Last Five Years

New 90-day high: RM0.74

First quarter 2021 earnings released: RM0.016 loss per share

New 90-day low: RM0.59

New 90-day low: RM0.60

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

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