Well Chip Group Berhad Balance Sheet Health
Financial Health criteria checks 3/6
Well Chip Group Berhad has a total shareholder equity of MYR229.6M and total debt of MYR272.7M, which brings its debt-to-equity ratio to 118.8%. Its total assets and total liabilities are MYR526.7M and MYR297.1M respectively. Well Chip Group Berhad's EBIT is MYR63.6M making its interest coverage ratio 229.7. It has cash and short-term investments of MYR11.6M.
Key information
118.8%
Debt to equity ratio
RM 272.66m
Debt
| Interest coverage ratio | 229.7x |
| Cash | RM 11.55m |
| Equity | RM 229.55m |
| Total liabilities | RM 297.14m |
| Total assets | RM 526.69m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WELLCHIP's short term assets (MYR495.8M) exceed its short term liabilities (MYR276.7M).
Long Term Liabilities: WELLCHIP's short term assets (MYR495.8M) exceed its long term liabilities (MYR20.4M).
Debt to Equity History and Analysis
Debt Level: WELLCHIP's net debt to equity ratio (113.7%) is considered high.
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 (229.7x coverage).