Glostrext Berhad Balance Sheet Health
Financial Health criteria checks 4/6
Glostrext Berhad has a total shareholder equity of MYR35.2M and total debt of MYR9.0M, which brings its debt-to-equity ratio to 25.6%. Its total assets and total liabilities are MYR46.4M and MYR11.2M respectively. Glostrext Berhad's EBIT is MYR3.9M making its interest coverage ratio 10.5. It has cash and short-term investments of MYR6.9M.
Key information
25.6%
Debt to equity ratio
RM9.03m
Debt
Interest coverage ratio | 10.5x |
Cash | RM6.88m |
Equity | RM35.21m |
Total liabilities | RM11.17m |
Total assets | RM46.38m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GLXT's short term assets (MYR21.1M) exceed its short term liabilities (MYR2.4M).
Long Term Liabilities: GLXT's short term assets (MYR21.1M) exceed its long term liabilities (MYR8.8M).
Debt to Equity History and Analysis
Debt Level: GLXT's net debt to equity ratio (6.1%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if GLXT's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: GLXT's debt is not well covered by operating cash flow (8.6%).
Interest Coverage: GLXT's interest payments on its debt are well covered by EBIT (10.5x coverage).