Destini Berhad
KLSE:DESTINI Stock Report
Destini Berhad Balance Sheet Health
Financial Health criteria checks 4/6 Destini Berhad has a total shareholder equity of MYR114.2M and total debt of MYR22.2M, which brings its debt-to-equity ratio to 19.4%. Its total assets and total liabilities are MYR257.0M and MYR142.8M respectively.
Key information
19.4%
Debt to equity ratio
Interest coverage ratio n/a Cash RM 13.43m Equity RM 114.21m Total liabilities RM 142.78m Total assets RM 256.99m
Recent financial health updates
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Destini Berhad's (KLSE:DESTINI) Shares Bounce 31% But Its Business Still Trails The Industry Nov 10
Destini Berhad, Annual General Meeting, Dec 02, 2024 Oct 30 Destini Berhad Announces Cessation of Puan Farah Nadia Binti Fazaruddin as Independent and Non Executive Member of Nomination and Remuneration Committee
Destini Berhad (KLSE:DESTINI) Held Back By Insufficient Growth Even After Shares Climb 26% Sep 25
New major risk - Financial position Sep 17
New minor risk - Financial data availability Sep 16
Destini Berhad (KLSE:DESTINI) Looks Inexpensive After Falling 29% But Perhaps Not Attractive Enough May 24
Destini Berhad Announces Resignation of Datuk Kabol Bin Surat as Executive Director Apr 23
New major risk - Shareholder dilution Mar 31
Investors Don't See Light At End Of Destini Berhad's (KLSE:DESTINI) Tunnel And Push Stock Down 27% Mar 25 Destini Berhad Announces the Resignation of Tan Sri Datuk Azhar Bin Azizan @ Harun as Independent and Non-Executive Chairman, Effective on March 11, 2024
Full year 2023 earnings released: RM0.01 loss per share (vs RM0.018 loss in FY 2022) Mar 02 Destini Berhad Announces Cessation of Ahmad Suhaimi Bin Endut as Non Independent and Non Executive Member of Risk Committee
Lacklustre Performance Is Driving Destini Berhad's (KLSE:DESTINI) 57% Price Drop Feb 09
New major risk - Share price stability Feb 09
Third quarter 2023 earnings released: RM0.004 loss per share (vs RM0.001 loss in 3Q 2022) Nov 24 Destini Berhad Appoints Farah Nadia Binti Fazaruddin as Independent and Non Executive Director
Second quarter 2023 earnings released: EPS: RM0.001 (vs RM0.001 loss in 2Q 2022) Aug 30 Destini Berhad Announces Cessation of Dato' Mohd Zahir Bin Zahur Hussain as Member of Risk Committee
Is Destini Berhad (KLSE:DESTINI) Using Too Much Debt? Aug 09
Destini Berhad Announces Redesignation of Dato' Abd Aziz Bin Haji Sheikh Fadzir to Non-Independent Director from Independent Director Jul 11
Destini Berhad Appoints Abd Aziz Bin Haji Sheikh Fadzir as Independent and Non Executive Director Jul 06
High number of new and inexperienced directors Jun 23 Destini Berhad Announces Cessation of Nurwahida Binti Mohd Yaakub as Independent and Non Executive Chairman of Risk Committee
There's No Escaping Destini Berhad's (KLSE:DESTINI) Muted Revenues Jun 08 Destini Berhad Announces Cessation of Suzana Binti Sulaiman @ Mohd Suleiman as Non Independent and Non Executive Member of Risk Committee
First quarter 2023 earnings released: RM0.004 loss per share (vs RM0 in 1Q 2022) Jun 02
High number of new directors Jun 01 Destini Berhad Appointssyed Jabed Islam as Independent and Non Executive Director
Is Destini Berhad (KLSE:DESTINI) Using Debt Sensibly? Mar 19
Full year 2022 earnings released: RM0.019 loss per share (vs RM0.002 profit in FY 2021) Mar 03
Destini Berhad Announces the Resignation of Puan Norzilah Binti Mohammed as Executive Director Feb 16
Destini Berhad Announces Retirement of Encik Muhayuddin Bin Musa as Group Chief Executive Officer, Effective December 18, 2022 Dec 17
Third quarter 2022 earnings released: RM0.001 loss per share (vs RM0 in 3Q 2021) Dec 03
Avia Technique Ltd acquired 45% stake in Destini Avia Technique Sdn. Bhd from Destini Berhad (KLSE:DESTINI) for MYR2.9 million. Nov 02 Destini Berhad Appoints Nurwahida Binti Mohd Yaakub as Independent and Non Executive Member of Nomination and Remuneration Committee Destini Berhad Announces Resignation of Che Sulaiman Bin Shapie as Non-Independent and Non Executive Director
Destini Berhad (KLSE:DESTINI) Is Carrying A Fair Bit Of Debt Sep 06
Second quarter 2022 earnings released: RM0.001 loss per share (vs RM0.001 profit in 2Q 2021) Aug 31
First quarter 2022 earnings: EPS and revenues miss analyst expectations Jun 02
Is Destini Berhad (KLSE:DESTINI) Using Too Much Debt? May 18
Destini Berhad, Annual General Meeting, Jun 21, 2022 May 02
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Mar 02
A Look At The Fair Value Of Destini Berhad (KLSE:DESTINI) Dec 27
Independent & Non-Executive Chairman Rodzali Bin Daud has left the company Sep 21
Destini Berhad has completed a Follow-on Equity Offering in the amount of MYR 51.846736 million. Sep 09
Second quarter 2021 earnings released: EPS RM0.001 (vs RM0.013 loss in 2Q 2020) Aug 27
Destini Berhad Announces the Status of the Winding Up Petition Presented by TCR Solution Sdn Bhd or the Petitioner Aug 13
A Look At The Intrinsic Value Of Destini Berhad (KLSE:DESTINI) Jul 29
First quarter 2021 earnings released: EPS RM0.001 (vs RM0.01 loss in 1Q 2020) Jun 04
Upgrade: The Latest Revenue Forecasts For Destini Berhad (KLSE:DESTINI) Jun 02
Destini Berhad (KLSE:DESTINI) Is Making Moderate Use Of Debt May 26
Downgrade: What You Need To Know About The Latest Destini Berhad (KLSE:DESTINI) Forecasts Apr 03
Executive Director has left the company Apr 02
Financial Position Analysis
Short Term Liabilities: DESTINI's short term assets (MYR209.4M) exceed its short term liabilities (MYR132.9M).
Long Term Liabilities: DESTINI's short term assets (MYR209.4M) exceed its long term liabilities (MYR9.9M).
Debt to Equity History and Analysis
Debt Level: DESTINI's net debt to equity ratio (7.7%) is considered satisfactory .
Reducing Debt: DESTINI's debt to equity ratio has reduced from 25.7% to 19.4% over the past 5 years.
Cash Runway Analysis For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: DESTINI has less than a year of cash runway based on its current free cash flow .
Forecast Cash Runway: DESTINI has less than a year of cash runway if free cash flow continues to grow at historical rates of 17.1% each year.
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