Unitrade Industries Berhad Balance Sheet Health
Financial Health criteria checks 2/6
Unitrade Industries Berhad has a total shareholder equity of MYR348.8M and total debt of MYR635.7M, which brings its debt-to-equity ratio to 182.3%. Its total assets and total liabilities are MYR1.1B and MYR743.8M respectively. Unitrade Industries Berhad's EBIT is MYR30.6M making its interest coverage ratio 1.5. It has cash and short-term investments of MYR27.0M.
Key information
182.3%
Debt to equity ratio
RM635.71m
Debt
Interest coverage ratio | 1.5x |
Cash | RM27.02m |
Equity | RM348.78m |
Total liabilities | RM743.77m |
Total assets | RM1.09b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: UNITRAD's short term assets (MYR881.8M) exceed its short term liabilities (MYR622.0M).
Long Term Liabilities: UNITRAD's short term assets (MYR881.8M) exceed its long term liabilities (MYR121.7M).
Debt to Equity History and Analysis
Debt Level: UNITRAD's net debt to equity ratio (174.5%) is considered high.
Reducing Debt: Insufficient data to determine if UNITRAD's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: UNITRAD's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: UNITRAD's interest payments on its debt are not well covered by EBIT (1.5x coverage).