Snowfit Group Berhad Balance Sheet Health
Financial Health criteria checks 4/6
Snowfit Group Berhad has a total shareholder equity of MYR4.7M and total debt of MYR3.3M, which brings its debt-to-equity ratio to 69.9%. Its total assets and total liabilities are MYR12.7M and MYR8.1M respectively. Snowfit Group Berhad's EBIT is MYR831.7K making its interest coverage ratio 3.9. It has cash and short-term investments of MYR3.1M.
Key information
69.9%
Debt to equity ratio
RM3.25m
Debt
| Interest coverage ratio | 3.9x |
| Cash | RM3.14m |
| Equity | RM4.66m |
| Total liabilities | RM8.09m |
| Total assets | RM12.75m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SNOWFIT's short term assets (MYR6.1M) exceed its short term liabilities (MYR3.6M).
Long Term Liabilities: SNOWFIT's short term assets (MYR6.1M) exceed its long term liabilities (MYR4.5M).
Debt to Equity History and Analysis
Debt Level: SNOWFIT's net debt to equity ratio (2.5%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if SNOWFIT's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: SNOWFIT's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: SNOWFIT's interest payments on its debt are well covered by EBIT (3.9x coverage).