PLYTEC Holding Berhad Balance Sheet Health
Financial Health criteria checks 5/6
PLYTEC Holding Berhad has a total shareholder equity of MYR126.0M and total debt of MYR46.3M, which brings its debt-to-equity ratio to 36.8%. Its total assets and total liabilities are MYR233.7M and MYR107.7M respectively. PLYTEC Holding Berhad's EBIT is MYR16.2M making its interest coverage ratio 3.6. It has cash and short-term investments of MYR14.0M.
Key information
36.8%
Debt to equity ratio
RM46.31m
Debt
Interest coverage ratio | 3.6x |
Cash | RM14.02m |
Equity | RM126.01m |
Total liabilities | RM107.69m |
Total assets | RM233.70m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: PLYTEC's short term assets (MYR122.2M) exceed its short term liabilities (MYR85.0M).
Long Term Liabilities: PLYTEC's short term assets (MYR122.2M) exceed its long term liabilities (MYR22.6M).
Debt to Equity History and Analysis
Debt Level: PLYTEC's net debt to equity ratio (25.6%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if PLYTEC's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: PLYTEC's debt is well covered by operating cash flow (28%).
Interest Coverage: PLYTEC's interest payments on its debt are well covered by EBIT (3.6x coverage).