Carimin Petroleum Berhad Balance Sheet Health
Financial Health criteria checks 6/6
Carimin Petroleum Berhad has a total shareholder equity of MYR217.2M and total debt of MYR24.4M, which brings its debt-to-equity ratio to 11.2%. Its total assets and total liabilities are MYR348.7M and MYR131.5M respectively. Carimin Petroleum Berhad's EBIT is MYR23.6M making its interest coverage ratio -41.9. It has cash and short-term investments of MYR80.4M.
Key information
11.2%
Debt to equity ratio
RM 24.37m
Debt
| Interest coverage ratio | -41.9x |
| Cash | RM 80.41m |
| Equity | RM 217.23m |
| Total liabilities | RM 131.51m |
| Total assets | RM 348.75m |
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
Carimin 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 (MYR224.9M) exceed its short term liabilities (MYR121.7M).
Long Term Liabilities: CARIMIN's short term assets (MYR224.9M) exceed its long term liabilities (MYR9.8M).
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 35.6% to 11.2% over the past 5 years.
Debt Coverage: CARIMIN's debt is well covered by operating cash flow (129.1%).
Interest Coverage: CARIMIN earns more interest than it pays, so coverage of interest payments is not a concern.