Progressive Impact Corporation Berhad Balance Sheet Health
Financial Health criteria checks 5/6
Progressive Impact Berhad has a total shareholder equity of MYR81.8M and total debt of MYR59.0M, which brings its debt-to-equity ratio to 72.2%. Its total assets and total liabilities are MYR174.5M and MYR92.7M respectively. Progressive Impact Berhad's EBIT is MYR9.9M making its interest coverage ratio 1.8. It has cash and short-term investments of MYR44.4M.
Key information
72.2%
Debt to equity ratio
RM 59.03m
Debt
| Interest coverage ratio | 1.8x |
| Cash | RM 44.39m |
| Equity | RM 81.77m |
| Total liabilities | RM 92.69m |
| Total assets | RM 174.46m |
Recent financial health updates
These 4 Measures Indicate That Progressive Impact Corporation Berhad (KLSE:PICORP) Is Using Debt Reasonably Well
Jul 05
Progressive Impact Corporation Berhad (KLSE:PICORP) Seems To Use Debt Quite Sensibly
Feb 24Is Progressive Impact Corporation Berhad (KLSE:PICORP) A Risky Investment?
Nov 16Does Progressive Impact Corporation Berhad (KLSE:PICORP) Have A Healthy Balance Sheet?
Jul 28Here's Why Progressive Impact Corporation Berhad (KLSE:PICORP) Can Manage Its Debt Responsibly
Apr 25These 4 Measures Indicate That Progressive Impact Corporation Berhad (KLSE:PICORP) Is Using Debt Reasonably Well
Dec 19Recent updates
These 4 Measures Indicate That Progressive Impact Corporation Berhad (KLSE:PICORP) Is Using Debt Reasonably Well
Jul 05Progressive Impact Corporation Berhad (KLSE:PICORP) Seems To Use Debt Quite Sensibly
Feb 24The Returns On Capital At Progressive Impact Corporation Berhad (KLSE:PICORP) Don't Inspire Confidence
Jan 17Is Progressive Impact Corporation Berhad (KLSE:PICORP) A Risky Investment?
Nov 16Estimating The Intrinsic Value Of Progressive Impact Corporation Berhad (KLSE:PICORP)
Oct 11Progressive Impact Corporation Berhad (KLSE:PICORP) Will Be Hoping To Turn Its Returns On Capital Around
Sep 07Does Progressive Impact Corporation Berhad (KLSE:PICORP) Have A Healthy Balance Sheet?
Jul 28Progressive Impact Corporation Berhad (KLSE:PICORP) May Have Issues Allocating Its Capital
Jun 09Here's Why Progressive Impact Corporation Berhad (KLSE:PICORP) Can Manage Its Debt Responsibly
Apr 25Progressive Impact Corporation Berhad (KLSE:PICORP) Might Have The Makings Of A Multi-Bagger
Feb 10These 4 Measures Indicate That Progressive Impact Corporation Berhad (KLSE:PICORP) Is Using Debt Reasonably Well
Dec 19Progressive Impact Corporation Berhad (KLSE:PICORP) Is Looking To Continue Growing Its Returns On Capital
Oct 07Progressive Impact Corporation Berhad (KLSE:PICORP) Has A Pretty Healthy Balance Sheet
Jul 14Progressive Impact Corporation Berhad (KLSE:PICORP) Is Looking To Continue Growing Its Returns On Capital
May 17These 4 Measures Indicate That Progressive Impact Corporation Berhad (KLSE:PICORP) Is Using Debt Reasonably Well
Mar 09Progressive Impact Corporation Berhad (KLSE:PICORP) Is Looking To Continue Growing Its Returns On Capital
Dec 28Progressive Impact Corporation Berhad (KLSE:PICORP) Has A Pretty Healthy Balance Sheet
Nov 02Progressive Impact Corporation Berhad (KLSE:PICORP) Shareholders Will Want The ROCE Trajectory To Continue
Sep 09Progressive Impact Corporation Berhad (KLSE:PICORP) Is Experiencing Growth In Returns On Capital
Jun 08We Think Progressive Impact Corporation Berhad (KLSE:PICORP) Can Stay On Top Of Its Debt
Apr 16Is Progressive Impact Corporation Berhad (KLSE:PICORP) Headed For Trouble?
Feb 22We Think Progressive Impact Corporation Berhad (KLSE:PICORP) Can Stay On Top Of Its Debt
Dec 30
Financial Position Analysis
Short Term Liabilities: PICORP's short term assets (MYR90.3M) exceed its short term liabilities (MYR87.6M).
Long Term Liabilities: PICORP's short term assets (MYR90.3M) exceed its long term liabilities (MYR5.1M).
Debt to Equity History and Analysis
Debt Level: PICORP's net debt to equity ratio (17.9%) is considered satisfactory.
Reducing Debt: PICORP's debt to equity ratio has increased from 27.4% to 72.2% over the past 5 years.
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 PICORP has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: PICORP is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 16.2% per year.