Nestcon Berhad Balance Sheet Health
Financial Health criteria checks 2/6
Nestcon Berhad has a total shareholder equity of MYR133.0M and total debt of MYR201.4M, which brings its debt-to-equity ratio to 151.4%. Its total assets and total liabilities are MYR699.0M and MYR566.0M respectively. Nestcon Berhad's EBIT is MYR18.1M making its interest coverage ratio 1.4. It has cash and short-term investments of MYR72.5M.
Key information
151.4%
Debt to equity ratio
RM201.35m
Debt
| Interest coverage ratio | 1.4x |
| Cash | RM72.55m |
| Equity | RM132.99m |
| Total liabilities | RM565.96m |
| Total assets | RM698.95m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: NESTCON's short term assets (MYR603.7M) exceed its short term liabilities (MYR523.1M).
Long Term Liabilities: NESTCON's short term assets (MYR603.7M) exceed its long term liabilities (MYR42.8M).
Debt to Equity History and Analysis
Debt Level: NESTCON's net debt to equity ratio (96.9%) is considered high.
Reducing Debt: NESTCON's debt to equity ratio has increased from 50.2% to 151.4% over the past 5 years.
Debt Coverage: NESTCON's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: NESTCON's interest payments on its debt are not well covered by EBIT (1.4x coverage).