Ecomate Holdings Berhad Balance Sheet Health
Financial Health criteria checks 5/6
Ecomate Holdings Berhad has a total shareholder equity of MYR43.3M and total debt of MYR13.8M, which brings its debt-to-equity ratio to 31.8%. Its total assets and total liabilities are MYR66.5M and MYR23.2M respectively. Ecomate Holdings Berhad's EBIT is MYR2.8M making its interest coverage ratio 3.7. It has cash and short-term investments of MYR22.1M.
Key information
31.8%
Debt to equity ratio
RM13.77m
Debt
| Interest coverage ratio | 3.7x |
| Cash | RM22.13m |
| Equity | RM43.30m |
| Total liabilities | RM23.23m |
| Total assets | RM66.53m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: ECOMATE's short term assets (MYR44.2M) exceed its short term liabilities (MYR12.7M).
Long Term Liabilities: ECOMATE's short term assets (MYR44.2M) exceed its long term liabilities (MYR10.5M).
Debt to Equity History and Analysis
Debt Level: ECOMATE has more cash than its total debt.
Reducing Debt: ECOMATE's debt to equity ratio has reduced from 108.2% to 31.8% over the past 5 years.
Debt Coverage: ECOMATE's debt is not well covered by operating cash flow (15.3%).
Interest Coverage: ECOMATE's interest payments on its debt are well covered by EBIT (3.7x coverage).