Go Innovate Asia Berhad Balance Sheet Health
Financial Health criteria checks 4/6
Go Innovate Asia Berhad has a total shareholder equity of MYR25.7M and total debt of MYR2.9M, which brings its debt-to-equity ratio to 11.1%. Its total assets and total liabilities are MYR63.1M and MYR37.4M respectively.
Key information
11.1%
Debt to equity ratio
RM2.86m
Debt
Interest coverage ratio | n/a |
Cash | RM18.91m |
Equity | RM25.71m |
Total liabilities | RM37.40m |
Total assets | RM63.10m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GOINNO's short term assets (MYR58.3M) exceed its short term liabilities (MYR34.4M).
Long Term Liabilities: GOINNO's short term assets (MYR58.3M) exceed its long term liabilities (MYR3.0M).
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 8.3% to 11.1% over the past 5 years.
Debt Coverage: GOINNO's debt is well covered by operating cash flow (249.1%).
Interest Coverage: Insufficient data to determine if GOINNO's interest payments on its debt are well covered by EBIT.