Ramssol Group Berhad Balance Sheet Health
Financial Health criteria checks 5/6
Ramssol Group Berhad has a total shareholder equity of MYR90.7M and total debt of MYR21.0M, which brings its debt-to-equity ratio to 23.1%. Its total assets and total liabilities are MYR121.0M and MYR30.4M respectively. Ramssol Group Berhad's EBIT is MYR14.0M making its interest coverage ratio 8.9. It has cash and short-term investments of MYR16.8M.
Key information
23.1%
Debt to equity ratio
RM 20.96m
Debt
Interest coverage ratio | 8.9x |
Cash | RM 16.83m |
Equity | RM 90.67m |
Total liabilities | RM 30.36m |
Total assets | RM 121.04m |
Recent financial health updates
Does Ramssol Group Berhad (KLSE:RAMSSOL) Have A Healthy Balance Sheet?
Jun 26Is Ramssol Group Berhad (KLSE:RAMSSOL) Using Too Much Debt?
Feb 09Recent updates
Ramssol Group Berhad's (KLSE:RAMSSOL) P/E Is Still On The Mark Following 26% Share Price Bounce
Jul 01Does Ramssol Group Berhad (KLSE:RAMSSOL) Have A Healthy Balance Sheet?
Jun 26Getting In Cheap On Ramssol Group Berhad (KLSE:RAMSSOL) Might Be Difficult
Apr 24Is Ramssol Group Berhad (KLSE:RAMSSOL) Using Too Much Debt?
Feb 09There Are Reasons To Feel Uneasy About Ramssol Group Berhad's (KLSE:RAMSSOL) Returns On Capital
Aug 18Returns On Capital Signal Tricky Times Ahead For Ramssol Group Berhad (KLSE:RAMSSOL)
Apr 13Are Investors Undervaluing Ramssol Group Berhad (KLSE:RAMSSOL) By 40%?
Feb 25It's A Story Of Risk Vs Reward With Ramssol Group Berhad (KLSE:RAMSSOL)
Jun 13Ramssol Group Berhad's (KLSE:RAMSSOL) Shareholders Have More To Worry About Than Only Soft Earnings
Mar 04Financial Position Analysis
Short Term Liabilities: RAMSSOL's short term assets (MYR67.5M) exceed its short term liabilities (MYR15.7M).
Long Term Liabilities: RAMSSOL's short term assets (MYR67.5M) exceed its long term liabilities (MYR14.6M).
Debt to Equity History and Analysis
Debt Level: RAMSSOL's net debt to equity ratio (4.6%) is considered satisfactory.
Reducing Debt: RAMSSOL's debt to equity ratio has reduced from 401.2% to 23.1% over the past 5 years.
Debt Coverage: RAMSSOL's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: RAMSSOL's interest payments on its debt are well covered by EBIT (8.9x coverage).