Well Chip Group Berhad Balance Sheet Health
Financial Health criteria checks 4/6
Well Chip Group Berhad has a total shareholder equity of MYR406.1M and total debt of MYR164.8M, which brings its debt-to-equity ratio to 40.6%. Its total assets and total liabilities are MYR653.3M and MYR247.2M respectively. Well Chip Group Berhad's EBIT is MYR63.5M making its interest coverage ratio 185.1. It has cash and short-term investments of MYR96.8M.
Key information
40.6%
Debt to equity ratio
RM 164.79m
Debt
| Interest coverage ratio | 185.1x |
| Cash | RM 96.79m |
| Equity | RM 406.11m |
| Total liabilities | RM 247.23m |
| Total assets | RM 653.33m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WELLCHIP's short term assets (MYR623.1M) exceed its short term liabilities (MYR226.4M).
Long Term Liabilities: WELLCHIP's short term assets (MYR623.1M) exceed its long term liabilities (MYR20.8M).
Debt to Equity History and Analysis
Debt Level: WELLCHIP's net debt to equity ratio (16.7%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if WELLCHIP's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: WELLCHIP's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: WELLCHIP's interest payments on its debt are well covered by EBIT (185.1x coverage).