MyTech Group Berhad Balance Sheet Health
Financial Health criteria checks 6/6
MyTech Group Berhad has a total shareholder equity of MYR41.5M and total debt of MYR91.0K, which brings its debt-to-equity ratio to 0.2%. Its total assets and total liabilities are MYR43.4M and MYR1.8M respectively. MyTech Group Berhad's EBIT is MYR1.7M making its interest coverage ratio -3.9. It has cash and short-term investments of MYR26.2M.
Key information
0.2%
Debt to equity ratio
RM91.00k
Debt
| Interest coverage ratio | -3.9x |
| Cash | RM26.23m |
| Equity | RM41.55m |
| Total liabilities | RM1.82m |
| Total assets | RM43.36m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: MYTECH's short term assets (MYR31.7M) exceed its short term liabilities (MYR1.2M).
Long Term Liabilities: MYTECH's short term assets (MYR31.7M) exceed its long term liabilities (MYR649.0K).
Debt to Equity History and Analysis
Debt Level: MYTECH has more cash than its total debt.
Reducing Debt: MYTECH's debt to equity ratio has reduced from 7.8% to 0.2% over the past 5 years.
Debt Coverage: MYTECH's debt is well covered by operating cash flow (2657.6%).
Interest Coverage: MYTECH earns more interest than it pays, so coverage of interest payments is not a concern.