Polydamic Group Berhad Balance Sheet Health
Financial Health criteria checks 6/6
Polydamic Group Berhad has a total shareholder equity of MYR24.9M and total debt of MYR5.9M, which brings its debt-to-equity ratio to 23.5%. Its total assets and total liabilities are MYR37.6M and MYR12.8M respectively. Polydamic Group Berhad's EBIT is MYR9.1M making its interest coverage ratio -390.6. It has cash and short-term investments of MYR5.8M.
Key information
23.5%
Debt to equity ratio
RM5.85m
Debt
| Interest coverage ratio | -390.6x |
| Cash | RM5.80m |
| Equity | RM24.89m |
| Total liabilities | RM12.75m |
| Total assets | RM37.64m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: POLYDM's short term assets (MYR27.6M) exceed its short term liabilities (MYR7.3M).
Long Term Liabilities: POLYDM's short term assets (MYR27.6M) exceed its long term liabilities (MYR5.4M).
Debt to Equity History and Analysis
Debt Level: POLYDM's net debt to equity ratio (0.2%) is considered satisfactory.
Reducing Debt: POLYDM's debt to equity ratio has reduced from 104.4% to 23.5% over the past 5 years.
Debt Coverage: POLYDM's debt is well covered by operating cash flow (73%).
Interest Coverage: POLYDM earns more interest than it pays, so coverage of interest payments is not a concern.