Ray Go Solar Holdings Berhad Balance Sheet Health
Financial Health criteria checks 2/6
Ray Go Solar Holdings Berhad has a total shareholder equity of MYR9.9M and total debt of MYR7.8M, which brings its debt-to-equity ratio to 79.3%. Its total assets and total liabilities are MYR21.2M and MYR11.3M respectively. Ray Go Solar Holdings Berhad's EBIT is MYR285.5K making its interest coverage ratio 0.9. It has cash and short-term investments of MYR1.4M.
Key information
79.3%
Debt to equity ratio
RM7.83m
Debt
Interest coverage ratio | 0.9x |
Cash | RM1.40m |
Equity | RM9.87m |
Total liabilities | RM11.32m |
Total assets | RM21.19m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RGS's short term assets (MYR12.4M) exceed its short term liabilities (MYR6.0M).
Long Term Liabilities: RGS's short term assets (MYR12.4M) exceed its long term liabilities (MYR5.3M).
Debt to Equity History and Analysis
Debt Level: RGS's net debt to equity ratio (65.1%) is considered high.
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 not well covered by operating cash flow (7.7%).
Interest Coverage: RGS's interest payments on its debt are not well covered by EBIT (0.9x coverage).