Zecon Berhad Balance Sheet Health
Financial Health criteria checks 0/6
Zecon Berhad has a total shareholder equity of MYR418.6M and total debt of MYR818.6M, which brings its debt-to-equity ratio to 195.6%. Its total assets and total liabilities are MYR1.6B and MYR1.2B respectively. Zecon Berhad's EBIT is MYR88.0M making its interest coverage ratio 1.3. It has cash and short-term investments of MYR17.4M.
Key information
195.6%
Debt to equity ratio
RM 818.63m
Debt
Interest coverage ratio | 1.3x |
Cash | RM 17.43m |
Equity | RM 418.55m |
Total liabilities | RM 1.21b |
Total assets | RM 1.63b |
Recent financial health updates
Zecon Berhad (KLSE:ZECON) Use Of Debt Could Be Considered Risky
Aug 06Here's Why Zecon Berhad (KLSE:ZECON) Is Weighed Down By Its Debt Load
May 07Here's Why Zecon Berhad (KLSE:ZECON) Is Weighed Down By Its Debt Load
Oct 26Is Zecon Berhad (KLSE:ZECON) Using Too Much Debt?
Dec 14Recent updates
Zecon Berhad (KLSE:ZECON) Use Of Debt Could Be Considered Risky
Aug 06Here's Why Zecon Berhad (KLSE:ZECON) Is Weighed Down By Its Debt Load
May 07Zecon Berhad (KLSE:ZECON) Might Have The Makings Of A Multi-Bagger
Feb 13Here's Why Zecon Berhad (KLSE:ZECON) Is Weighed Down By Its Debt Load
Oct 26The Returns On Capital At Zecon Berhad (KLSE:ZECON) Don't Inspire Confidence
Jul 06Is Zecon Berhad (KLSE:ZECON) Using Too Much Debt?
Dec 14We Like These Underlying Trends At Zecon Berhad (KLSE:ZECON)
Mar 03Financial Position Analysis
Short Term Liabilities: ZECON's short term assets (MYR206.2M) do not cover its short term liabilities (MYR314.1M).
Long Term Liabilities: ZECON's short term assets (MYR206.2M) do not cover its long term liabilities (MYR893.6M).
Debt to Equity History and Analysis
Debt Level: ZECON's net debt to equity ratio (191.4%) is considered high.
Reducing Debt: ZECON's debt to equity ratio has increased from 180.8% to 195.6% over the past 5 years.
Debt Coverage: ZECON's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: ZECON's interest payments on its debt are not well covered by EBIT (1.3x coverage).