Sycal Ventures Berhad Balance Sheet Health
Financial Health criteria checks 5/6
Sycal Ventures Berhad has a total shareholder equity of MYR282.9M and total debt of MYR39.2M, which brings its debt-to-equity ratio to 13.9%. Its total assets and total liabilities are MYR457.5M and MYR174.6M respectively. Sycal Ventures Berhad's EBIT is MYR7.9M making its interest coverage ratio 1.9. It has cash and short-term investments of MYR4.4M.
Key information
13.9%
Debt to equity ratio
RM39.20m
Debt
| Interest coverage ratio | 1.9x |
| Cash | RM4.42m |
| Equity | RM282.86m |
| Total liabilities | RM174.61m |
| Total assets | RM457.47m |
Recent financial health updates
Is Sycal Ventures Berhad (KLSE:SYCAL) Using Too Much Debt?
Feb 13
These 4 Measures Indicate That Sycal Ventures Berhad (KLSE:SYCAL) Is Using Debt Reasonably Well
Jul 06Sycal Ventures Berhad (KLSE:SYCAL) Takes On Some Risk With Its Use Of Debt
Oct 30Sycal Ventures Berhad (KLSE:SYCAL) Has A Somewhat Strained Balance Sheet
Mar 10Sycal Ventures Berhad (KLSE:SYCAL) Has A Somewhat Strained Balance Sheet
Dec 09
Recent updates
Is Sycal Ventures Berhad (KLSE:SYCAL) Using Too Much Debt?
Feb 13Sycal Ventures Berhad (KLSE:SYCAL) Has Some Way To Go To Become A Multi-Bagger
Aug 28These 4 Measures Indicate That Sycal Ventures Berhad (KLSE:SYCAL) Is Using Debt Reasonably Well
Jul 06Investors Could Be Concerned With Sycal Ventures Berhad's (KLSE:SYCAL) Returns On Capital
Jul 20Investors Could Be Concerned With Sycal Ventures Berhad's (KLSE:SYCAL) Returns On Capital
Dec 22Sycal Ventures Berhad (KLSE:SYCAL) Takes On Some Risk With Its Use Of Debt
Oct 30Sycal Ventures Berhad (KLSE:SYCAL) Will Be Hoping To Turn Its Returns On Capital Around
Sep 07Sycal Ventures Berhad's (KLSE:SYCAL) Returns On Capital Not Reflecting Well On The Business
May 12Sycal Ventures Berhad (KLSE:SYCAL) Has A Somewhat Strained Balance Sheet
Mar 10How Well Is Sycal Ventures Berhad (KLSE:SYCAL) Allocating Its Capital?
Feb 02Sycal Ventures Berhad (KLSE:SYCAL) Has A Somewhat Strained Balance Sheet
Dec 09Financial Position Analysis
Short Term Liabilities: SYCAL's short term assets (MYR370.9M) exceed its short term liabilities (MYR149.4M).
Long Term Liabilities: SYCAL's short term assets (MYR370.9M) exceed its long term liabilities (MYR25.3M).
Debt to Equity History and Analysis
Debt Level: SYCAL's net debt to equity ratio (12.3%) is considered satisfactory.
Reducing Debt: SYCAL's debt to equity ratio has reduced from 18.7% to 13.9% over the past 5 years.
Debt Coverage: SYCAL's debt is well covered by operating cash flow (22.3%).
Interest Coverage: SYCAL's interest payments on its debt are not well covered by EBIT (1.9x coverage).