White Horse Berhad Balance Sheet Health
Financial Health criteria checks 4/6
White Horse Berhad has a total shareholder equity of MYR580.6M and total debt of MYR86.6M, which brings its debt-to-equity ratio to 14.9%. Its total assets and total liabilities are MYR728.7M and MYR148.2M respectively. White Horse Berhad's EBIT is MYR4.5M making its interest coverage ratio 0.9. It has cash and short-term investments of MYR158.7M.
Key information
14.9%
Debt to equity ratio
RM 86.62m
Debt
Interest coverage ratio | 0.9x |
Cash | RM 158.74m |
Equity | RM 580.57m |
Total liabilities | RM 148.18m |
Total assets | RM 728.75m |
Recent financial health updates
Is White Horse Berhad (KLSE:WTHORSE) A Risky Investment?
Mar 09Health Check: How Prudently Does White Horse Berhad (KLSE:WTHORSE) Use Debt?
Oct 26Is White Horse Berhad (KLSE:WTHORSE) A Risky Investment?
May 18Is White Horse Berhad (KLSE:WTHORSE) Using Too Much Debt?
Jan 22Recent updates
White Horse Berhad (KLSE:WTHORSE) Looks Inexpensive But Perhaps Not Attractive Enough
Mar 01We Think That There Are Some Issues For White Horse Berhad (KLSE:WTHORSE) Beyond Its Promising Earnings
Aug 30Is White Horse Berhad (KLSE:WTHORSE) A Risky Investment?
Mar 09Health Check: How Prudently Does White Horse Berhad (KLSE:WTHORSE) Use Debt?
Oct 26Is White Horse Berhad (KLSE:WTHORSE) A Risky Investment?
May 18Is White Horse Berhad (KLSE:WTHORSE) Using Too Much Debt?
Jan 22Financial Position Analysis
Short Term Liabilities: WTHORSE's short term assets (MYR458.1M) exceed its short term liabilities (MYR133.5M).
Long Term Liabilities: WTHORSE's short term assets (MYR458.1M) exceed its long term liabilities (MYR14.7M).
Debt to Equity History and Analysis
Debt Level: WTHORSE has more cash than its total debt.
Reducing Debt: WTHORSE's debt to equity ratio has reduced from 26.6% to 14.9% over the past 5 years.
Debt Coverage: WTHORSE's debt is not well covered by operating cash flow (1.3%).
Interest Coverage: WTHORSE's interest payments on its debt are not well covered by EBIT (0.9x coverage).