Borneo Oil Berhad Balance Sheet Health
Financial Health criteria checks 3/6
Borneo Oil Berhad has a total shareholder equity of MYR929.4M and total debt of MYR43.2M, which brings its debt-to-equity ratio to 4.7%. Its total assets and total liabilities are MYR1.0B and MYR101.0M respectively. Borneo Oil Berhad's EBIT is MYR81.0M making its interest coverage ratio 19.9. It has cash and short-term investments of MYR14.0M.
Key information
4.7%
Debt to equity ratio
RM 43.24m
Debt
| Interest coverage ratio | 19.9x |
| Cash | RM 13.98m |
| Equity | RM 929.40m |
| Total liabilities | RM 101.05m |
| Total assets | RM 1.03b |
Recent financial health updates
Borneo Oil Berhad (KLSE:BORNOIL) Seems To Use Debt Quite Sensibly
Apr 07
Borneo Oil Berhad (KLSE:BORNOIL) Seems To Use Debt Quite Sensibly
Jan 04We Think Borneo Oil Berhad (KLSE:BORNOIL) Can Stay On Top Of Its Debt
Sep 09Is Borneo Oil Berhad (KLSE:BORNOIL) A Risky Investment?
Feb 23We Think Borneo Oil Berhad (KLSE:BORNOIL) Can Stay On Top Of Its Debt
Nov 03Is Borneo Oil Berhad (KLSE:BORNOIL) A Risky Investment?
May 29Recent updates
Take Care Before Jumping Onto Borneo Oil Berhad (KLSE:BORNOIL) Even Though It's 50% Cheaper
Oct 17Market Cool On Borneo Oil Berhad's (KLSE:BORNOIL) Revenues Pushing Shares 50% Lower
Sep 02Investors Still Aren't Entirely Convinced By Borneo Oil Berhad's (KLSE:BORNOIL) Revenues Despite 100% Price Jump
Jul 18A Piece Of The Puzzle Missing From Borneo Oil Berhad's (KLSE:BORNOIL) 100% Share Price Climb
Jun 02A Piece Of The Puzzle Missing From Borneo Oil Berhad's (KLSE:BORNOIL) 100% Share Price Climb
Apr 17Not Many Are Piling Into Borneo Oil Berhad (KLSE:BORNOIL) Stock Yet As It Plummets 33%
Mar 01More Unpleasant Surprises Could Be In Store For Borneo Oil Berhad's (KLSE:BORNOIL) Shares After Tumbling 33%
Dec 28Borneo Oil Berhad (KLSE:BORNOIL) Seems To Use Debt Quite Sensibly
Apr 07Why Investors Shouldn't Be Surprised By Borneo Oil Berhad's (KLSE:BORNOIL) 40% Share Price Plunge
Jan 27Borneo Oil Berhad (KLSE:BORNOIL) Seems To Use Debt Quite Sensibly
Jan 04We Think Borneo Oil Berhad (KLSE:BORNOIL) Can Stay On Top Of Its Debt
Sep 09Is Borneo Oil Berhad (KLSE:BORNOIL) A Risky Investment?
Feb 23The Returns On Capital At Borneo Oil Berhad (KLSE:BORNOIL) Don't Inspire Confidence
Dec 26We Think Borneo Oil Berhad (KLSE:BORNOIL) Can Stay On Top Of Its Debt
Nov 03We Think You Should Be Aware Of Some Concerning Factors In Borneo Oil Berhad's (KLSE:BORNOIL) Earnings
Sep 07Investors Met With Slowing Returns on Capital At Borneo Oil Berhad (KLSE:BORNOIL)
Sep 01Is Borneo Oil Berhad (KLSE:BORNOIL) A Risky Investment?
May 29Financial Position Analysis
Short Term Liabilities: BORNOIL's short term assets (MYR51.0M) exceed its short term liabilities (MYR40.6M).
Long Term Liabilities: BORNOIL's short term assets (MYR51.0M) do not cover its long term liabilities (MYR60.4M).
Debt to Equity History and Analysis
Debt Level: BORNOIL's net debt to equity ratio (3.1%) is considered satisfactory.
Reducing Debt: BORNOIL's debt to equity ratio has increased from 1.8% to 4.7% over the past 5 years.
Debt Coverage: BORNOIL's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: BORNOIL's interest payments on its debt are well covered by EBIT (19.9x coverage).