Ray Go Solar Holdings Berhad Balance Sheet Health
Financial Health criteria checks 5/6
Ray Go Solar Holdings Berhad has a total shareholder equity of MYR10.5M and total debt of MYR5.6M, which brings its debt-to-equity ratio to 52.9%. Its total assets and total liabilities are MYR22.3M and MYR11.8M respectively. Ray Go Solar Holdings Berhad's EBIT is MYR1.0M making its interest coverage ratio 3.3. It has cash and short-term investments of MYR2.9M.
Key information
52.9%
Debt to equity ratio
RM 5.56m
Debt
| Interest coverage ratio | 3.3x |
| Cash | RM 2.94m |
| Equity | RM 10.51m |
| Total liabilities | RM 11.78m |
| Total assets | RM 22.29m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RGS's short term assets (MYR13.7M) exceed its short term liabilities (MYR6.7M).
Long Term Liabilities: RGS's short term assets (MYR13.7M) exceed its long term liabilities (MYR5.1M).
Debt to Equity History and Analysis
Debt Level: RGS's net debt to equity ratio (25%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if RGS's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: RGS's debt is well covered by operating cash flow (70.5%).
Interest Coverage: RGS's interest payments on its debt are well covered by EBIT (3.3x coverage).