MyTech Group Berhad Balance Sheet Health
Financial Health criteria checks 5/6
MyTech Group Berhad has a total shareholder equity of MYR43.8M and total debt of MYR80.0K, which brings its debt-to-equity ratio to 0.2%. Its total assets and total liabilities are MYR45.4M and MYR1.6M respectively. MyTech Group Berhad's EBIT is MYR3.6M making its interest coverage ratio -22.8. It has cash and short-term investments of MYR17.7M.
Key information
0.2%
Debt to equity ratio
RM 80.00k
Debt
| Interest coverage ratio | -22.8x |
| Cash | RM 17.70m |
| Equity | RM 43.80m |
| Total liabilities | RM 1.64m |
| Total assets | RM 45.45m |
Recent financial health updates
No updates
Recent updates
Is Now The Time To Put MyTech Group Berhad (KLSE:MYTECH) On Your Watchlist?
Oct 15
Investors Will Want MyTech Group Berhad's (KLSE:MYTECH) Growth In ROCE To Persist
Aug 30What MyTech Group Berhad's (KLSE:MYTECH) 27% Share Price Gain Is Not Telling You
Feb 20MyTech Group Berhad's (KLSE:MYTECH) Earnings Haven't Escaped The Attention Of Investors
Nov 24With EPS Growth And More, MyTech Group Berhad (KLSE:MYTECH) Makes An Interesting Case
Dec 04Financial Position Analysis
Short Term Liabilities: MYTECH's short term assets (MYR25.6M) exceed its short term liabilities (MYR939.0K).
Long Term Liabilities: MYTECH's short term assets (MYR25.6M) exceed its long term liabilities (MYR704.0K).
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% to 0.2% over the past 5 years.
Debt Coverage: MYTECH's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: MYTECH earns more interest than it pays, so coverage of interest payments is not a concern.