EG Industries Berhad Balance Sheet Health
Financial Health criteria checks 2/6
EG Industries Berhad has a total shareholder equity of MYR501.0M and total debt of MYR473.4M, which brings its debt-to-equity ratio to 94.5%. Its total assets and total liabilities are MYR1.2B and MYR746.7M respectively. EG Industries Berhad's EBIT is MYR71.2M making its interest coverage ratio 2.9. It has cash and short-term investments of MYR52.6M.
Key information
94.5%
Debt to equity ratio
RM473.42m
Debt
| Interest coverage ratio | 2.9x |
| Cash | RM52.62m |
| Equity | RM500.99m |
| Total liabilities | RM746.72m |
| Total assets | RM1.25b |
Recent financial health updates
Here's Why EG Industries Berhad (KLSE:EG) Has A Meaningful Debt Burden
Jun 21
Is EG Industries Berhad (KLSE:EG) A Risky Investment?
Feb 10EG Industries Berhad (KLSE:EG) Has No Shortage Of Debt
Oct 12Here's Why EG Industries Berhad (KLSE:EG) Is Weighed Down By Its Debt Load
Nov 26Here's Why EG Industries Berhad (KLSE:EG) Is Weighed Down By Its Debt Load
May 29Health Check: How Prudently Does EG Industries Berhad (KLSE:EG) Use Debt?
Dec 24
Recent updates
There's Been No Shortage Of Growth Recently For EG Industries Berhad's (KLSE:EG) Returns On Capital
Apr 18Here's Why EG Industries Berhad (KLSE:EG) Has Caught The Eye Of Investors
Sep 19Here's Why EG Industries Berhad (KLSE:EG) Has A Meaningful Debt Burden
Jun 21EG Industries Berhad (KLSE:EG) Could Be Struggling To Allocate Capital
Mar 14Is EG Industries Berhad (KLSE:EG) A Risky Investment?
Feb 10EG Industries Berhad (KLSE:EG) Has No Shortage Of Debt
Oct 12EG Industries Berhad (KLSE:EG) Could Be Struggling To Allocate Capital
Jan 26Here's Why EG Industries Berhad (KLSE:EG) Is Weighed Down By Its Debt Load
Nov 26Investors Shouldn't Be Too Comfortable With EG Industries Berhad's (KLSE:EG) Robust Earnings
Sep 22Here's Why EG Industries Berhad (KLSE:EG) Is Weighed Down By Its Debt Load
May 29Announcing: EG Industries Berhad (KLSE:EG) Stock Increased An Energizing 145% In The Last Year
Feb 15Health Check: How Prudently Does EG Industries Berhad (KLSE:EG) Use Debt?
Dec 24Financial Position Analysis
Short Term Liabilities: EG's short term assets (MYR858.9M) exceed its short term liabilities (MYR612.8M).
Long Term Liabilities: EG's short term assets (MYR858.9M) exceed its long term liabilities (MYR134.0M).
Debt to Equity History and Analysis
Debt Level: EG's net debt to equity ratio (84%) is considered high.
Reducing Debt: EG's debt to equity ratio has increased from 57.4% to 94.5% over the past 5 years.
Debt Coverage: EG's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: EG's interest payments on its debt are not well covered by EBIT (2.9x coverage).