PLYTEC Holding Berhad Balance Sheet Health
Financial Health criteria checks 4/6
PLYTEC Holding Berhad has a total shareholder equity of MYR138.7M and total debt of MYR70.9M, which brings its debt-to-equity ratio to 51.1%. Its total assets and total liabilities are MYR270.4M and MYR131.8M respectively. PLYTEC Holding Berhad's EBIT is MYR17.9M making its interest coverage ratio 4. It has cash and short-term investments of MYR30.5M.
Key information
51.1%
Debt to equity ratio
RM 70.85m
Debt
| Interest coverage ratio | 4x |
| Cash | RM 30.52m |
| Equity | RM 138.68m |
| Total liabilities | RM 131.76m |
| Total assets | RM 270.44m |
Financial Position Analysis
Short Term Liabilities: PLYTEC's short term assets (MYR143.7M) exceed its short term liabilities (MYR116.9M).
Long Term Liabilities: PLYTEC's short term assets (MYR143.7M) exceed its long term liabilities (MYR14.9M).
Debt to Equity History and Analysis
Debt Level: PLYTEC's net debt to equity ratio (29.1%) 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 not well covered by operating cash flow (15.5%).
Interest Coverage: PLYTEC's interest payments on its debt are well covered by EBIT (4x coverage).