Go Innovate Asia Berhad Balance Sheet Health
Financial Health criteria checks 4/6
Go Innovate Asia Berhad has a total shareholder equity of MYR23.5M and total debt of MYR2.7M, which brings its debt-to-equity ratio to 11.3%. Its total assets and total liabilities are MYR96.9M and MYR73.4M respectively.
Key information
11.3%
Debt to equity ratio
RM 2.66m
Debt
| Interest coverage ratio | n/a |
| Cash | RM 26.83m |
| Equity | RM 23.50m |
| Total liabilities | RM 73.37m |
| Total assets | RM 96.87m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GOINNO's short term assets (MYR92.4M) exceed its short term liabilities (MYR70.8M).
Long Term Liabilities: GOINNO's short term assets (MYR92.4M) exceed its long term liabilities (MYR2.6M).
Debt to Equity History and Analysis
Debt Level: GOINNO has more cash than its total debt.
Reducing Debt: GOINNO's debt to equity ratio has increased from 9.3% to 11.3% over the past 5 years.
Debt Coverage: GOINNO's debt is well covered by operating cash flow (394.6%).
Interest Coverage: Insufficient data to determine if GOINNO's interest payments on its debt are well covered by EBIT.