Meta Bright Group Berhad Balance Sheet Health
Financial Health criteria checks 6/6
Meta Bright Group Berhad has a total shareholder equity of MYR246.5M and total debt of MYR39.0M, which brings its debt-to-equity ratio to 15.8%. Its total assets and total liabilities are MYR346.1M and MYR99.6M respectively. Meta Bright Group Berhad's EBIT is MYR4.1M making its interest coverage ratio 3.4. It has cash and short-term investments of MYR34.7M.
Key information
15.8%
Debt to equity ratio
RM38.99m
Debt
| Interest coverage ratio | 3.4x |
| Cash | RM34.68m |
| Equity | RM246.45m |
| Total liabilities | RM99.65m |
| Total assets | RM346.10m |
Recent financial health updates
Is Eastland Equity Bhd (KLSE:EASTLND) Using Too Much Debt?
Oct 18
Is Eastland Equity Bhd (KLSE:EASTLND) Weighed On By Its Debt Load?
Apr 08Is Eastland Equity Bhd (KLSE:EASTLND) Using Debt Sensibly?
Dec 24
Recent updates
Returns Are Gaining Momentum At Meta Bright Group Berhad (KLSE:MBRIGHT)
Apr 22Investor Optimism Abounds Meta Bright Group Berhad (KLSE:MBRIGHT) But Growth Is Lacking
Jan 16The Compensation For Meta Bright Group Berhad's (KLSE:MBRIGHT) CEO Looks Deserved And Here's Why
Dec 08We Like These Underlying Return On Capital Trends At Meta Bright Group Berhad (KLSE:MBRIGHT)
Oct 09We Like These Underlying Return On Capital Trends At Meta Bright Group Berhad (KLSE:MBRIGHT)
Jan 09Meta Bright Group Berhad's (KLSE:MBRIGHT) Robust Earnings Are Not All Good News For Shareholders
Dec 07We Like These Underlying Return On Capital Trends At Meta Bright Group Berhad (KLSE:MBRIGHT)
Sep 02Is Eastland Equity Bhd (KLSE:EASTLND) Using Too Much Debt?
Oct 18Is Eastland Equity Bhd (KLSE:EASTLND) Weighed On By Its Debt Load?
Apr 08Is Eastland Equity Bhd (KLSE:EASTLND) Using Debt Sensibly?
Dec 24Financial Position Analysis
Short Term Liabilities: MBRIGHT's short term assets (MYR136.4M) exceed its short term liabilities (MYR60.3M).
Long Term Liabilities: MBRIGHT's short term assets (MYR136.4M) exceed its long term liabilities (MYR39.4M).
Debt to Equity History and Analysis
Debt Level: MBRIGHT's net debt to equity ratio (1.7%) is considered satisfactory.
Reducing Debt: MBRIGHT's debt to equity ratio has reduced from 33.6% to 15.8% over the past 5 years.
Debt Coverage: MBRIGHT's debt is well covered by operating cash flow (31.6%).
Interest Coverage: MBRIGHT's interest payments on its debt are well covered by EBIT (3.4x coverage).