IGB Berhad Balance Sheet Health
Financial Health criteria checks 4/6
IGB Berhad has a total shareholder equity of MYR4.4B and total debt of MYR3.6B, which brings its debt-to-equity ratio to 82%. Its total assets and total liabilities are MYR8.9B and MYR4.5B respectively. IGB Berhad's EBIT is MYR657.0M making its interest coverage ratio 4.9. It has cash and short-term investments of MYR1.5B.
Key information
82.0%
Debt to equity ratio
RM 3.61b
Debt
| Interest coverage ratio | 4.9x |
| Cash | RM 1.49b |
| Equity | RM 4.40b |
| Total liabilities | RM 4.46b |
| Total assets | RM 8.86b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: IGBB's short term assets (MYR2.3B) exceed its short term liabilities (MYR2.0B).
Long Term Liabilities: IGBB's short term assets (MYR2.3B) do not cover its long term liabilities (MYR2.5B).
Debt to Equity History and Analysis
Debt Level: IGBB's net debt to equity ratio (48%) is considered high.
Reducing Debt: IGBB's debt to equity ratio has reduced from 111.2% to 82% over the past 5 years.
Debt Coverage: IGBB's debt is well covered by operating cash flow (23.8%).
Interest Coverage: IGBB's interest payments on its debt are well covered by EBIT (4.9x coverage).