Varia Berhad Balance Sheet Health

Financial Health criteria checks 4/6

Varia Berhad has a total shareholder equity of MYR320.0M and total debt of MYR106.5M, which brings its debt-to-equity ratio to 33.3%. Its total assets and total liabilities are MYR530.6M and MYR210.7M respectively. Varia Berhad's EBIT is MYR6.8M making its interest coverage ratio 7.6. It has cash and short-term investments of MYR4.1M.

Key information

33.3%

Debt to equity ratio

RM106.54m

Debt

Interest coverage ratio	7.6x
Cash	RM4.10m
Equity	RM319.98m
Total liabilities	RM210.66m
Total assets	RM530.64m

Recent financial health updates

Recent updates

Is Stella Holdings Berhad (KLSE:STELLA) Using Too Much Debt?

Oct 21

Stella Holdings Berhad (KLSE:STELLA) Shareholders Will Want The ROCE Trajectory To Continue

Jun 01

Stella Holdings Berhad (KLSE:STELLA) Has A Somewhat Strained Balance Sheet

Apr 05

Stella Holdings Berhad (KLSE:STELLA) Has Announced A Dividend Of RM0.025

Aug 03

Stella Holdings Berhad (KLSE:STELLA) Has Re-Affirmed Its Dividend Of RM0.025

Jul 18

Stella Holdings Berhad's (KLSE:STELLA) Shares Climb 29% But Its Business Is Yet to Catch Up

Jul 08

Is Stella Holdings Berhad (KLSE:STELLA) Using Too Much Debt?

Jun 07

Our Take On The Returns On Capital At Stella Holdings Berhad (KLSE:STELLA)

Mar 19

Here's Why We Don't Think Stella Holdings Berhad's (KLSE:STELLA) Statutory Earnings Reflect Its Underlying Earnings Potential

Jan 25

How Does Stella Holdings Berhad (KLSE:STELLA) Fare As A Dividend Stock?

Dec 29

The Trends At Stella Holdings Berhad (KLSE:STELLA) That You Should Know About

Dec 02

Financial Position Analysis

Short Term Liabilities: VARIA's short term assets (MYR143.7M) exceed its short term liabilities (MYR97.8M).

Long Term Liabilities: VARIA's short term assets (MYR143.7M) exceed its long term liabilities (MYR112.9M).

Debt to Equity History and Analysis

Debt Level: VARIA's net debt to equity ratio (32%) is considered satisfactory.

Reducing Debt: VARIA's debt to equity ratio has increased from 10.7% to 33.3% over the past 5 years.

Debt Coverage: VARIA's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: VARIA's interest payments on its debt are well covered by EBIT (7.6x coverage).

Varia Berhad Balance Sheet Health

Financial Health criteria checks 4/6

Key information

Recent financial health updates

Is Stella Holdings Berhad (KLSE:STELLA) Using Too Much Debt?

Stella Holdings Berhad (KLSE:STELLA) Has A Somewhat Strained Balance Sheet

Is Stella Holdings Berhad (KLSE:STELLA) Using Too Much Debt?

Recent updates

Third quarter 2024 earnings released: EPS: RM0.005 (vs RM0.16 loss in 3Q 2023)

Second quarter 2024 earnings released: EPS: RM0.01 (vs RM0.017 loss in 2Q 2023)

New major risk - Shareholder dilution

Full year 2023 earnings released: RM0.17 loss per share (vs RM0.068 profit in FY 2022)

Stella Holdings Berhad, Annual General Meeting, Sep 21, 2023

High number of new directors

Full year 2023 earnings released: RM0.21 loss per share (vs RM0.05 profit in FY 2022)

Stella Holdings Berhad Appoints Datuk Wira Roslan Bin AB Rahman as Independent and Non Executive Member of Nomination and Remuneration Committee

Third quarter 2023 earnings released: RM0.16 loss per share (vs RM0.009 loss in 3Q 2022)

Now 22% undervalued after recent price drop

Stella Holdings Berhad Announces Resignation of Mohamad Haslah Bin Mohamad Amin as Non Independent and Non Executive Chairman, Effective 14 January 2023

Stella Holdings Berhad Announces Appointment of Jamaluddin Bin Sabeh as Independent and Non Executive Member of Risk Committee

Stella Holdings Berhad Approves Final Single Tier Dividend for the Financial Year Ended March 31, 2022, Payable on November 24, 2022

Second quarter 2023 earnings released: RM0.035 loss per share (vs RM0.011 profit in 2Q 2022)

Stella Holdings Berhad Announces Re-designation of Dato' Mohamad Haslah Bin Mohamad Amin as Non Independent and Non Executive Chairman from Non Independent Executive Chairman

Varia Engineering Services Sdn Bhd, Datuk Lau Beng Wei and Datuk Lau Beng Sin agreed to acquire 51.731493% stake in Stella Holdings Berhad (KLSE:STELLA) from Fine Approach Sdn Bhd, Cerdik Cempaka Sdn Bhd, Anjuran Utama Sdn Bhd, Westiara Development Sdn Bhd, Nova Premium Sdn Bhd and others.

Is Stella Holdings Berhad (KLSE:STELLA) Using Too Much Debt?

Upcoming dividend of RM0.025 per share

Stella Holdings Berhad Announces Cessation of Office of CZARINA ALIA BINTI ABDUL, Independent and Non Executive Chairman of Remuneration Committee

Stella Holdings Berhad Announces Retirement of CZARINA ALIA BINTI ABDUL RAZAK, Independent and Non Executive Director

En Mohd Azali bin Abdul Rahman completed the acquisition of 51% equity interest in Iris Synergy Sdn Bhd.

En Mohd Azali bin Abdul Rahman agreed to acquire 51% equity interest in Iris Synergy Sdn Bhd for MYR 0.4 million.

Full year 2022 earnings released: EPS: RM0.05 (vs RM0.045 in FY 2021)

Stella Holdings Berhad Proposes Final Single-Tier Dividend for the Financial Year Ended 31 March 2022, Payable on November 24, 2022

Insufficient new directors

Stella Holdings Berhad (KLSE:STELLA) Shareholders Will Want The ROCE Trajectory To Continue

Full year 2022 earnings released: EPS: RM0.052 (vs RM0.045 in FY 2021)

Stella Holdings Berhad (KLSE:STELLA) Has A Somewhat Strained Balance Sheet

Stella Holdings Berhad Announces Appointment Sharifah Rafidah Binti Wan Mansor as Independent Director

Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations

High number of new directors

Executive Director Gee Swan Tan has left the company

Upcoming dividend of RM0.025 per share

First quarter 2022 earnings released: RM0.002 loss per share (vs RM0.014 loss in 1Q 2021)

Stella Holdings Berhad (KLSE:STELLA) Has Announced A Dividend Of RM0.025

Investor sentiment improved over the past week

Stella Holdings Berhad (KLSE:STELLA) Has Re-Affirmed Its Dividend Of RM0.025

Full year 2021 earnings released: EPS RM0.045 (vs RM0.042 in FY 2020)

Stella Holdings Berhad's (KLSE:STELLA) Shares Climb 29% But Its Business Is Yet to Catch Up

Investor sentiment improved over the past week

Is Stella Holdings Berhad (KLSE:STELLA) Using Too Much Debt?

Investor sentiment improved over the past week

Our Take On The Returns On Capital At Stella Holdings Berhad (KLSE:STELLA)

Third quarter 2021 earnings released: EPS RM0.015 (vs RM0.015 in 3Q 2020)

New 90-day high: RM0.92

Here's Why We Don't Think Stella Holdings Berhad's (KLSE:STELLA) Statutory Earnings Reflect Its Underlying Earnings Potential

How Does Stella Holdings Berhad (KLSE:STELLA) Fare As A Dividend Stock?

New 90-day high: RM0.85

The Trends At Stella Holdings Berhad (KLSE:STELLA) That You Should Know About

New 90-day low: RM0.66

New 90-day low - RM0.70

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

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