Ireka Corporation Berhad Balance Sheet Health
Financial Health criteria checks 2/6
Ireka Berhad has a total shareholder equity of MYR-111.4M and total debt of MYR75.6M, which brings its debt-to-equity ratio to -67.8%. Its total assets and total liabilities are MYR180.6M and MYR292.0M respectively.
Key information
-67.8%
Debt to equity ratio
RM 75.59m
Debt
| Interest coverage ratio | n/a |
| Cash | RM 6.17m |
| Equity | -RM 111.41m |
| Total liabilities | RM 292.02m |
| Total assets | RM 180.60m |
Recent financial health updates
We Think Ireka Corporation Berhad (KLSE:IREKA) Has A Fair Chunk Of Debt
Dec 30
Ireka Corporation Berhad (KLSE:IREKA) Has Debt But No Earnings; Should You Worry?
Apr 21Is Ireka Corporation Berhad (KLSE:IREKA) A Risky Investment?
Dec 10Health Check: How Prudently Does Ireka Corporation Berhad (KLSE:IREKA) Use Debt?
Jun 14Is Ireka Corporation Berhad (KLSE:IREKA) Using Too Much Debt?
Mar 01Recent updates
We Think Ireka Corporation Berhad (KLSE:IREKA) Has A Fair Chunk Of Debt
Dec 30Ireka Corporation Berhad (KLSE:IREKA) Has Debt But No Earnings; Should You Worry?
Apr 21Is Ireka Corporation Berhad (KLSE:IREKA) A Risky Investment?
Dec 10Health Check: How Prudently Does Ireka Corporation Berhad (KLSE:IREKA) Use Debt?
Jun 14Is Ireka Corporation Berhad (KLSE:IREKA) Using Too Much Debt?
Mar 01Key Things To Understand About Ireka Corporation Berhad's (KLSE:IREKA) CEO Pay Cheque
Jan 07Financial Position Analysis
Short Term Liabilities: IREKA has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: IREKA has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: IREKA has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: IREKA's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Balance Sheet
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: Whilst unprofitable IREKA has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: IREKA is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 39.5% per year.