Ekovest Berhad Balance Sheet Health

Financial Health criteria checks 1/6

Ekovest Berhad has a total shareholder equity of MYR2.9B and total debt of MYR6.3B, which brings its debt-to-equity ratio to 218.7%. Its total assets and total liabilities are MYR11.5B and MYR8.6B respectively. Ekovest Berhad's EBIT is MYR271.2M making its interest coverage ratio 0.9. It has cash and short-term investments of MYR395.0M.

Key information

218.7%

Debt to equity ratio

RM 6.32b

Debt

Interest coverage ratio	0.9x
Cash	RM 394.96m
Equity	RM 2.89b
Total liabilities	RM 8.57b
Total assets	RM 11.46b

Recent financial health updates

Ekovest Berhad (KLSE:EKOVEST) Use Of Debt Could Be Considered Risky

Jul 12

These 4 Measures Indicate That Ekovest Berhad (KLSE:EKOVEST) Is Using Debt Extensively

Oct 23

Ekovest Berhad (KLSE:EKOVEST) Use Of Debt Could Be Considered Risky

Nov 23

Recent updates

Ekovest Berhad (KLSE:EKOVEST) Use Of Debt Could Be Considered Risky

Jul 12

Getting In Cheap On Ekovest Berhad (KLSE:EKOVEST) Is Unlikely

Jan 04

We Discuss Why Ekovest Berhad's (KLSE:EKOVEST) CEO Will Find It Hard To Get A Pay Rise From Shareholders This Year

Dec 08

These 4 Measures Indicate That Ekovest Berhad (KLSE:EKOVEST) Is Using Debt Extensively

Oct 23

The Returns At Ekovest Berhad (KLSE:EKOVEST) Aren't Growing

Aug 29

Returns On Capital At Ekovest Berhad (KLSE:EKOVEST) Paint An Interesting Picture

Mar 17

How Much Does Ekovest Berhad's (KLSE:EKOVEST) CEO Make?

Feb 10

How Much Did Ekovest Berhad's(KLSE:EKOVEST) Shareholders Earn From Share Price Movements Over The Last Three Years?

Jan 14

Here's What Ekovest Berhad's (KLSE:EKOVEST) Shareholder Ownership Structure Looks Like

Dec 19

Ekovest Berhad (KLSE:EKOVEST) Use Of Debt Could Be Considered Risky

Nov 23

Financial Position Analysis

Short Term Liabilities: EKOVEST's short term assets (MYR1.1B) do not cover its short term liabilities (MYR1.6B).

Long Term Liabilities: EKOVEST's short term assets (MYR1.1B) do not cover its long term liabilities (MYR7.0B).

Debt to Equity History and Analysis

Debt Level: EKOVEST's net debt to equity ratio (205%) is considered high.

Reducing Debt: EKOVEST's debt to equity ratio has reduced from 262.6% to 218.7% over the past 5 years.

Debt Coverage: EKOVEST's debt is not well covered by operating cash flow (9.5%).

Interest Coverage: EKOVEST's interest payments on its debt are not well covered by EBIT (0.9x coverage).

Ekovest Berhad Balance Sheet Health

Financial Health criteria checks 1/6

Key information

Recent financial health updates

Ekovest Berhad (KLSE:EKOVEST) Use Of Debt Could Be Considered Risky

These 4 Measures Indicate That Ekovest Berhad (KLSE:EKOVEST) Is Using Debt Extensively

Ekovest Berhad (KLSE:EKOVEST) Use Of Debt Could Be Considered Risky

Recent updates

Ekovest to Sell KL Land Parcels for MYR 9.8m

Ekovest Berhad (KLSE:EKOVEST) Use Of Debt Could Be Considered Risky

Third quarter 2024 earnings released: RM0.004 loss per share (vs RM0.006 loss in 3Q 2023)

Ekovest Berhad Announces the Resignation of Lim Ding Shyong as Alternate Director

Second quarter 2024 earnings released: RM0.017 loss per share (vs RM0 in 2Q 2023)

Now 21% undervalued

Getting In Cheap On Ekovest Berhad (KLSE:EKOVEST) Is Unlikely

We Discuss Why Ekovest Berhad's (KLSE:EKOVEST) CEO Will Find It Hard To Get A Pay Rise From Shareholders This Year

First quarter 2024 earnings released: EPS: RM0.001 (vs RM0 in 1Q 2023)

Full year 2023 earnings released: RM0.041 loss per share (vs RM0.046 loss in FY 2022)

Ekovest Berhad, Annual General Meeting, Dec 15, 2023

These 4 Measures Indicate That Ekovest Berhad (KLSE:EKOVEST) Is Using Debt Extensively

New minor risk - Share price stability

New minor risk - Shareholder dilution

Full year 2023 earnings released: RM0.041 loss per share (vs RM0.046 loss in FY 2022)

The Returns At Ekovest Berhad (KLSE:EKOVEST) Aren't Growing

Ekovest Berhad Announces Appointment of Chin Wai Kit as Independent and Non Executive Member of Remuneration Committee

Third quarter 2023 earnings released: RM0.006 loss per share (vs RM0.003 loss in 3Q 2022)

High number of new directors

Ekovest Berhad Appoints Dato' Majid Manjit Bin Abdullah as Independent and Non Executive Member of Audit Committee, Effective 12 May 2023

Insufficient new directors

Second quarter 2023 earnings released: EPS: RM0 (vs RM0.005 in 2Q 2022)

First quarter 2023 earnings released: EPS: RM0 (vs RM0.002 loss in 1Q 2022)

Full year 2022 earnings released: RM0.046 loss per share (vs RM0.016 profit in FY 2021)

Full year 2022 earnings released: RM0.046 loss per share (vs RM0.016 profit in FY 2021)

Third quarter 2022 earnings released: RM0.003 loss per share (vs RM0.01 profit in 3Q 2021)

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

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

Ekovest Berhad Announces Material Litigation Updates

Full year 2021 earnings released: EPS RM0.016 (vs RM0.018 in FY 2020)

Full year 2021 earnings released: EPS RM0.016 (vs RM0.018 in FY 2020)

Third quarter 2021 earnings released: EPS RM0.01 (vs RM0.003 in 3Q 2020)

Returns On Capital At Ekovest Berhad (KLSE:EKOVEST) Paint An Interesting Picture

Second quarter 2021 earnings released: EPS RM0.003 (vs RM0.011 in 2Q 2020)

How Much Does Ekovest Berhad's (KLSE:EKOVEST) CEO Make?

New 90-day low: RM0.42

How Much Did Ekovest Berhad's(KLSE:EKOVEST) Shareholders Earn From Share Price Movements Over The Last Three Years?

New 90-day low: RM0.44

Here's What Ekovest Berhad's (KLSE:EKOVEST) Shareholder Ownership Structure Looks Like

Ekovest Berhad (KLSE:EKOVEST) completed the acquisition of an additional 32.66% stake in PLS Plantations Berhad (KLSE:PLS) from investors.

Ekovest Enters into Heads of Agreement with Iskandar Waterfront Holdings Sdn Bhd

First quarter 2021 earnings released: EPS RM0.004

Ekovest Berhad (KLSE:EKOVEST) Use Of Debt Could Be Considered Risky

Full year 2020 earnings released: EPS RM0.018

Ekovest Berhad (KLSE:EKOVEST) completed the acquisition of 20.64% stake in PLS Plantations Berhad (KLSE:PLS) from Limbongan Resources Sdn Bhd.

New 90-day low: RM0.47

Ekovest Berhad Announces Redesignation of Kang Hui Ling from Chairman of Nomination Committee to Member of Nomination Committee with Effect from October 8, 2020

Ekovest Berhad (KLSE:EKOVEST) entered into share and purchase agreement to acquire 20.64% stake in PLS Plantations Berhad (KLSE:PLS) from Limbongan Resources Sdn Bhd for MYR 71.2 million.

Ekovest in Talks to Acquire Stake in IWH-CREC

New 90-day high - RM0.60

Full year earnings released - EPS RM0.018

New 90-day low - RM0.49

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

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