Wellspire Holdings Berhad Balance Sheet Health
Financial Health criteria checks 5/6
Wellspire Holdings Berhad has a total shareholder equity of MYR60.0M and total debt of MYR2.7M, which brings its debt-to-equity ratio to 4.6%. Its total assets and total liabilities are MYR70.6M and MYR10.6M respectively. Wellspire Holdings Berhad's EBIT is MYR5.7M making its interest coverage ratio 37.9. It has cash and short-term investments of MYR43.8M.
Key information
4.6%
Debt to equity ratio
RM 2.75m
Debt
| Interest coverage ratio | 37.9x |
| Cash | RM 43.77m |
| Equity | RM 60.05m |
| Total liabilities | RM 10.55m |
| Total assets | RM 70.60m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WELLS's short term assets (MYR69.2M) exceed its short term liabilities (MYR7.0M).
Long Term Liabilities: WELLS's short term assets (MYR69.2M) exceed its long term liabilities (MYR3.5M).
Debt to Equity History and Analysis
Debt Level: WELLS has more cash than its total debt.
Reducing Debt: Insufficient data to determine if WELLS's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: WELLS's debt is well covered by operating cash flow (79%).
Interest Coverage: WELLS's interest payments on its debt are well covered by EBIT (37.9x coverage).