Carimin Petroleum Berhad Balance Sheet Health
Financial Health criteria checks 6/6
Carimin Petroleum Berhad has a total shareholder equity of MYR229.2M and total debt of MYR9.1M, which brings its debt-to-equity ratio to 4%. Its total assets and total liabilities are MYR347.4M and MYR118.2M respectively. Carimin Petroleum Berhad's EBIT is MYR25.8M making its interest coverage ratio -11.3. It has cash and short-term investments of MYR56.0M.
Key information
4.0%
Debt to equity ratio
RM 9.07m
Debt
| Interest coverage ratio | -11.3x |
| Cash | RM 56.03m |
| Equity | RM 229.22m |
| Total liabilities | RM 118.22m |
| Total assets | RM 347.44m |
Recent financial health updates
Does Carimin Petroleum Berhad (KLSE:CARIMIN) Have A Healthy Balance Sheet?
Jan 12
Carimin Petroleum Berhad (KLSE:CARIMIN) Has A Pretty Healthy Balance Sheet
Sep 20We Think Carimin Petroleum Berhad (KLSE:CARIMIN) Can Stay On Top Of Its Debt
May 28Here's Why Carimin Petroleum Berhad (KLSE:CARIMIN) Can Manage Its Debt Responsibly
Feb 09
Recent updates
Return Trends At Carimin Petroleum Berhad (KLSE:CARIMIN) Aren't Appealing
Aug 08Carimin Petroleum Berhad (KLSE:CARIMIN) Might Have The Makings Of A Multi-Bagger
Jan 26The Return Trends At Carimin Petroleum Berhad (KLSE:CARIMIN) Look Promising
Feb 22Returns Are Gaining Momentum At Carimin Petroleum Berhad (KLSE:CARIMIN)
Aug 23Carimin Petroleum Berhad (KLSE:CARIMIN) Shareholders Will Want The ROCE Trajectory To Continue
Mar 07Does Carimin Petroleum Berhad (KLSE:CARIMIN) Have A Healthy Balance Sheet?
Jan 12Here's Why We Think Carimin Petroleum Berhad (KLSE:CARIMIN) Is Well Worth Watching
Dec 17The Return Trends At Carimin Petroleum Berhad (KLSE:CARIMIN) Look Promising
Nov 26Carimin Petroleum Berhad (KLSE:CARIMIN) Has A Pretty Healthy Balance Sheet
Sep 20Carimin Petroleum Berhad (KLSE:CARIMIN) Might Have The Makings Of A Multi-Bagger
Jul 29We Think Carimin Petroleum Berhad (KLSE:CARIMIN) Can Stay On Top Of Its Debt
May 28Carimin Petroleum Berhad (KLSE:CARIMIN) Is Experiencing Growth In Returns On Capital
Apr 29Here's Why Carimin Petroleum Berhad (KLSE:CARIMIN) Can Manage Its Debt Responsibly
Feb 09What Do The Returns At Carimin Petroleum Berhad (KLSE:CARIMIN) Mean Going Forward?
Jan 14Do Its Financials Have Any Role To Play In Driving Carimin Petroleum Berhad's (KLSE:CARIMIN) Stock Up Recently?
Dec 22Does Carimin Petroleum Berhad's (KLSE:CARIMIN) Statutory Profit Adequately Reflect Its Underlying Profit?
Dec 01Financial Position Analysis
Short Term Liabilities: CARIMIN's short term assets (MYR211.5M) exceed its short term liabilities (MYR110.4M).
Long Term Liabilities: CARIMIN's short term assets (MYR211.5M) exceed its long term liabilities (MYR7.8M).
Debt to Equity History and Analysis
Debt Level: CARIMIN has more cash than its total debt.
Reducing Debt: CARIMIN's debt to equity ratio has reduced from 33.4% to 4% over the past 5 years.
Debt Coverage: CARIMIN's debt is well covered by operating cash flow (351.5%).
Interest Coverage: CARIMIN earns more interest than it pays, so coverage of interest payments is not a concern.