Protasco Berhad Balance Sheet Health
Financial Health criteria checks 4/6
Protasco Berhad has a total shareholder equity of MYR334.9M and total debt of MYR218.6M, which brings its debt-to-equity ratio to 65.3%. Its total assets and total liabilities are MYR872.0M and MYR537.1M respectively. Protasco Berhad's EBIT is MYR45.8M making its interest coverage ratio 3.8. It has cash and short-term investments of MYR73.2M.
Key information
65.3%
Debt to equity ratio
RM 218.55m
Debt
| Interest coverage ratio | 3.8x |
| Cash | RM 73.23m |
| Equity | RM 334.87m |
| Total liabilities | RM 537.13m |
| Total assets | RM 871.99m |
Recent financial health updates
Protasco Berhad (KLSE:PRTASCO) Has A Somewhat Strained Balance Sheet
Apr 09
Is Protasco Berhad (KLSE:PRTASCO) Using Debt In A Risky Way?
Jul 17Is Protasco Berhad (KLSE:PRTASCO) A Risky Investment?
Mar 02Recent updates
Protasco Berhad's (KLSE:PRTASCO) Shares Lagging The Industry But So Is The Business
Oct 15Protasco Berhad's (KLSE:PRTASCO) Returns On Capital Are Heading Higher
Aug 06Protasco Berhad (KLSE:PRTASCO) Surges 28% Yet Its Low P/S Is No Reason For Excitement
Jul 01Protasco Berhad's (KLSE:PRTASCO) Price Is Right But Growth Is Lacking After Shares Rocket 29%
May 13Protasco Berhad (KLSE:PRTASCO) Has A Somewhat Strained Balance Sheet
Apr 09There's No Escaping Protasco Berhad's (KLSE:PRTASCO) Muted Revenues Despite A 49% Share Price Rise
Dec 27Protasco Berhad's (KLSE:PRTASCO) Revenues Are Not Doing Enough For Some Investors
Sep 26Is Protasco Berhad (KLSE:PRTASCO) Using Debt In A Risky Way?
Jul 17Is There Now An Opportunity In Protasco Berhad (KLSE:PRTASCO)?
Oct 13Return Trends At Protasco Berhad (KLSE:PRTASCO) Aren't Appealing
Jul 25Protasco Berhad (KLSE:PRTASCO) Is Finding It Tricky To Allocate Its Capital
Apr 05Here's What's Concerning About Protasco Berhad's (KLSE:PRTASCO) Returns On Capital
May 10Is Protasco Berhad (KLSE:PRTASCO) A Risky Investment?
Mar 02Is There More Growth In Store For Protasco Berhad's (KLSE:PRTASCO) Returns On Capital?
Jan 26What Is Protasco Berhad's (KLSE:PRTASCO) Share Price Doing?
Dec 22
Financial Position Analysis
Short Term Liabilities: PRTASCO's short term assets (MYR501.0M) exceed its short term liabilities (MYR470.3M).
Long Term Liabilities: PRTASCO's short term assets (MYR501.0M) exceed its long term liabilities (MYR66.8M).
Debt to Equity History and Analysis
Debt Level: PRTASCO's net debt to equity ratio (43.4%) is considered high.
Reducing Debt: PRTASCO's debt to equity ratio has reduced from 99.2% to 65.3% over the past 5 years.
Debt Coverage: PRTASCO's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: PRTASCO's interest payments on its debt are well covered by EBIT (3.8x coverage).