Propel Global Berhad Balance Sheet Health
Financial Health criteria checks 5/6
Propel Global Berhad has a total shareholder equity of MYR100.4M and total debt of MYR18.6M, which brings its debt-to-equity ratio to 18.5%. Its total assets and total liabilities are MYR205.8M and MYR105.3M respectively. Propel Global Berhad's EBIT is MYR7.1M making its interest coverage ratio 4.8. It has cash and short-term investments of MYR35.1M.
Key information
18.5%
Debt to equity ratio
RM18.63m
Debt
Interest coverage ratio | 4.8x |
Cash | RM35.10m |
Equity | RM100.44m |
Total liabilities | RM105.33m |
Total assets | RM205.77m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: PGB's short term assets (MYR142.7M) exceed its short term liabilities (MYR83.6M).
Long Term Liabilities: PGB's short term assets (MYR142.7M) exceed its long term liabilities (MYR21.8M).
Debt to Equity History and Analysis
Debt Level: PGB has more cash than its total debt.
Reducing Debt: PGB had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: PGB's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: PGB's interest payments on its debt are well covered by EBIT (4.8x coverage).