Elridge Energy Holdings Berhad Balance Sheet Health
Financial Health criteria checks 5/6
Elridge Energy Holdings Berhad has a total shareholder equity of MYR35.0M and total debt of MYR27.6M, which brings its debt-to-equity ratio to 78.8%. Its total assets and total liabilities are MYR123.8M and MYR88.8M respectively. Elridge Energy Holdings Berhad's EBIT is MYR29.7M making its interest coverage ratio 16.8. It has cash and short-term investments of MYR58.7M.
Key information
78.8%
Debt to equity ratio
RM 27.60m
Debt
| Interest coverage ratio | 16.8x |
| Cash | RM 58.71m |
| Equity | RM 35.03m |
| Total liabilities | RM 88.76m |
| Total assets | RM 123.80m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ELRIDGE's short term assets (MYR94.0M) exceed its short term liabilities (MYR72.4M).
Long Term Liabilities: ELRIDGE's short term assets (MYR94.0M) exceed its long term liabilities (MYR16.3M).
Debt to Equity History and Analysis
Debt Level: ELRIDGE has more cash than its total debt.
Reducing Debt: Insufficient data to determine if ELRIDGE's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: ELRIDGE's debt is well covered by operating cash flow (68.4%).
Interest Coverage: ELRIDGE's interest payments on its debt are well covered by EBIT (16.8x coverage).