Nextgreen Global Berhad Balance Sheet Health
Financial Health criteria checks 5/6
Nextgreen Global Berhad has a total shareholder equity of MYR390.6M and total debt of MYR66.0M, which brings its debt-to-equity ratio to 16.9%. Its total assets and total liabilities are MYR512.6M and MYR122.0M respectively. Nextgreen Global Berhad's EBIT is MYR28.8M making its interest coverage ratio 6.1. It has cash and short-term investments of MYR2.9M.
Key information
16.9%
Debt to equity ratio
RM 66.01m
Debt
| Interest coverage ratio | 6.1x |
| Cash | RM 2.88m |
| Equity | RM 390.64m |
| Total liabilities | RM 122.01m |
| Total assets | RM 512.64m |
Recent financial health updates
We Think Nextgreen Global Berhad (KLSE:NGGB) Can Stay On Top Of Its Debt
Aug 22
These 4 Measures Indicate That Nextgreen Global Berhad (KLSE:NGGB) Is Using Debt Extensively
Jan 03We Think Nextgreen Global Berhad (KLSE:NGGB) Is Taking Some Risk With Its Debt
Jun 01Recent updates
It Looks Like The CEO Of Nextgreen Global Berhad (KLSE:NGGB) May Be Underpaid Compared To Peers
Jun 19Investors Will Want Nextgreen Global Berhad's (KLSE:NGGB) Growth In ROCE To Persist
Jan 04Here's Why We Think Nextgreen Global Berhad (KLSE:NGGB) Is Well Worth Watching
Apr 04There's Reason For Concern Over Nextgreen Global Berhad's (KLSE:NGGB) Massive 48% Price Jump
Feb 28We Think Nextgreen Global Berhad (KLSE:NGGB) Can Stay On Top Of Its Debt
Aug 22The Return Trends At Nextgreen Global Berhad (KLSE:NGGB) Look Promising
Mar 01These 4 Measures Indicate That Nextgreen Global Berhad (KLSE:NGGB) Is Using Debt Extensively
Jan 03We Think Nextgreen Global Berhad (KLSE:NGGB) Is Taking Some Risk With Its Debt
Jun 01Nextgreen Global Berhad's (KLSE:NGGB) Earnings Aren't As Good As They Appear
Apr 05Financial Position Analysis
Short Term Liabilities: NGGB's short term assets (MYR117.7M) exceed its short term liabilities (MYR59.8M).
Long Term Liabilities: NGGB's short term assets (MYR117.7M) exceed its long term liabilities (MYR62.2M).
Debt to Equity History and Analysis
Debt Level: NGGB's net debt to equity ratio (16.2%) is considered satisfactory.
Reducing Debt: NGGB's debt to equity ratio has increased from 4.2% to 16.9% over the past 5 years.
Debt Coverage: NGGB's debt is well covered by operating cash flow (22.8%).
Interest Coverage: NGGB's interest payments on its debt are well covered by EBIT (6.1x coverage).