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 ratio0.9x
CashRM 158.74m
EquityRM 580.57m
Total liabilitiesRM 148.18m
Total assetsRM 728.75m

Recent financial health updates

Recent updates

White Horse Berhad (KLSE:WTHORSE) Looks Inexpensive But Perhaps Not Attractive Enough

Mar 01
White Horse Berhad (KLSE:WTHORSE) Looks Inexpensive But Perhaps Not Attractive Enough

We Think That There Are Some Issues For White Horse Berhad (KLSE:WTHORSE) Beyond Its Promising Earnings

Aug 30
We Think That There Are Some Issues For White Horse Berhad (KLSE:WTHORSE) Beyond Its Promising Earnings

Is White Horse Berhad (KLSE:WTHORSE) A Risky Investment?

Mar 09
Is White Horse Berhad (KLSE:WTHORSE) A Risky Investment?

Health Check: How Prudently Does White Horse Berhad (KLSE:WTHORSE) Use Debt?

Oct 26
Health Check: How Prudently Does White Horse Berhad (KLSE:WTHORSE) Use Debt?

Is White Horse Berhad (KLSE:WTHORSE) A Risky Investment?

May 18
Is White Horse Berhad (KLSE:WTHORSE) A Risky Investment?

Is White Horse Berhad (KLSE:WTHORSE) Using Too Much Debt?

Jan 22
Is White Horse Berhad (KLSE:WTHORSE) Using Too Much Debt?

Financial 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).


Balance Sheet


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