Zecon Berhad Balance Sheet Health
Financial Health criteria checks 1/6
Zecon Berhad has a total shareholder equity of MYR414.7M and total debt of MYR704.9M, which brings its debt-to-equity ratio to 170%. Its total assets and total liabilities are MYR1.5B and MYR1.1B respectively. Zecon Berhad's EBIT is MYR60.3M making its interest coverage ratio 1.2. It has cash and short-term investments of MYR30.2M.
Key information
170.0%
Debt to equity ratio
RM 704.90m
Debt
Interest coverage ratio | 1.2x |
Cash | RM 30.16m |
Equity | RM 414.68m |
Total liabilities | RM 1.12b |
Total assets | RM 1.54b |
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 (MYR196.0M) do not cover its short term liabilities (MYR1.0B).
Long Term Liabilities: ZECON's short term assets (MYR196.0M) exceed its long term liabilities (MYR113.3M).
Debt to Equity History and Analysis
Debt Level: ZECON's net debt to equity ratio (162.7%) is considered high.
Reducing Debt: ZECON's debt to equity ratio has increased from 153.3% to 170% over the past 5 years.
Debt Coverage: ZECON's debt is not well covered by operating cash flow (5.4%).
Interest Coverage: ZECON's interest payments on its debt are not well covered by EBIT (1.2x coverage).