White Horse Berhad Balance Sheet Health
Financial Health criteria checks 4/6
White Horse Berhad has a total shareholder equity of MYR577.0M and total debt of MYR81.2M, which brings its debt-to-equity ratio to 14.1%. Its total assets and total liabilities are MYR720.5M and MYR143.6M respectively. White Horse Berhad's EBIT is MYR3.3M making its interest coverage ratio 0.6. It has cash and short-term investments of MYR153.4M.
Key information
14.1%
Debt to equity ratio
RM 81.25m
Debt
| Interest coverage ratio | 0.6x |
| Cash | RM 153.41m |
| Equity | RM 576.96m |
| Total liabilities | RM 143.56m |
| Total assets | RM 720.52m |
Recent financial health updates
Is White Horse Berhad (KLSE:WTHORSE) A Risky Investment?
Mar 09
Health 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 22
Recent updates
Impressive Earnings May Not Tell The Whole Story For White Horse Berhad (KLSE:WTHORSE)
Dec 04White 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 (MYR453.2M) exceed its short term liabilities (MYR129.3M).
Long Term Liabilities: WTHORSE's short term assets (MYR453.2M) exceed its long term liabilities (MYR14.2M).
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 25.3% to 14.1% over the past 5 years.
Debt Coverage: WTHORSE's debt is not well covered by operating cash flow (8%).
Interest Coverage: WTHORSE's interest payments on its debt are not well covered by EBIT (0.6x coverage).
Balance Sheet
Discover healthy companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/02 06:22 |
| End of Day Share Price | 2025/01/02 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
White Horse Berhad is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Ken Chan | Kenanga Research |
| Jade Tam | Maybank Research Pte. Ltd. |