Zelan Berhad

KLSE:ZELAN Stock Report

Market Cap: RM 59.1m

Zelan Berhad Balance Sheet Health

Financial Health criteria checks 2/6

Zelan Berhad has a total shareholder equity of MYR-138.0M and total debt of MYR326.6M, which brings its debt-to-equity ratio to -236.6%. Its total assets and total liabilities are MYR386.3M and MYR524.3M respectively. Zelan Berhad's EBIT is MYR5.0M making its interest coverage ratio 1.3. It has cash and short-term investments of MYR3.6M.

Key information

-236.64%

Debt to equity ratio

RM 326.59m

Debt

Interest coverage ratio1.3x
CashRM 3.58m
Equity-RM 138.01m
Total liabilitiesRM 524.27m
Total assetsRM 386.26m

Recent financial health updates

Analysis Article May 02

Zelan Berhad (KLSE:ZELAN) Seems To Be Using A Lot Of Debt

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
Analysis Article Sep 14

Is Zelan Berhad (KLSE:ZELAN) A Risky Investment?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article May 24

Zelan Berhad (KLSE:ZELAN) Use Of Debt Could Be Considered Risky

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
Analysis Article Jan 11

Is Zelan Berhad (KLSE:ZELAN) Using Too Much Debt?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article Oct 08

We Think Zelan Berhad (KLSE:ZELAN) Is Taking Some Risk With Its Debt

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Recent updates

Analysis Article May 02

Zelan Berhad (KLSE:ZELAN) Seems To Be Using A Lot Of Debt

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
Analysis Article Mar 01

Returns Are Gaining Momentum At Zelan Berhad (KLSE:ZELAN)

What are the early trends we should look for to identify a stock that could multiply in value over the long term...
Analysis Article Nov 06

Returns Are Gaining Momentum At Zelan Berhad (KLSE:ZELAN)

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. One common...
Analysis Article Sep 14

Is Zelan Berhad (KLSE:ZELAN) A Risky Investment?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article Jul 20

Zelan Berhad (KLSE:ZELAN) Shareholders Will Want The ROCE Trajectory To Continue

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Amongst other things...
Analysis Article May 24

Zelan Berhad (KLSE:ZELAN) Use Of Debt Could Be Considered Risky

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
Analysis Article Jan 11

Is Zelan Berhad (KLSE:ZELAN) Using Too Much Debt?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article Dec 01

Zelan Berhad's (KLSE:ZELAN) Returns On Capital Are Heading Higher

If you're looking for a multi-bagger, there's a few things to keep an eye out for. In a perfect world, we'd like to see...
Analysis Article Oct 08

We Think Zelan Berhad (KLSE:ZELAN) Is Taking Some Risk With Its Debt

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article Aug 05

Zelan Berhad (KLSE:ZELAN) Shareholders Will Want The ROCE Trajectory To Continue

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...
Analysis Article Jun 07

There's No Escaping Zelan Berhad's (KLSE:ZELAN) Muted Earnings Despite A 38% Share Price Rise

Despite an already strong run, Zelan Berhad ( KLSE:ZELAN ) shares have been powering on, with a gain of 38% in the last...
Analysis Article Mar 03

Should You Be Excited About Zelan Berhad's (KLSE:ZELAN) 9.9% Return On Equity?

One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...
Analysis Article Jan 25

These 4 Measures Indicate That Zelan Berhad (KLSE:ZELAN) Is Using Debt Extensively

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
Analysis Article Dec 30

Will The ROCE Trend At Zelan Berhad (KLSE:ZELAN) Continue?

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'd want to...
Analysis Article Dec 03

We Wouldn't Rely On Zelan Berhad's (KLSE:ZELAN) Statutory Earnings As A Guide

Broadly speaking, profitable businesses are less risky than unprofitable ones. That said, the current statutory profit...

Financial Position Analysis

Short Term Liabilities: ZELAN has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: ZELAN has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: ZELAN has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: ZELAN's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable ZELAN has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: ZELAN is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 4.3% per year.


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/11 17:53
End of Day Share Price 2026/06/11 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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.

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 Github.

Analyst Sources

Zelan 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.

AnalystInstitution
Chin NgRHB Investment Bank
Colbert NocomUBS Investment Bank