Icon Offshore Berhad Balance Sheet Health
Financial Health criteria checks 4/6
Icon Offshore Berhad has a total shareholder equity of MYR428.2M and total debt of MYR166.7M, which brings its debt-to-equity ratio to 38.9%. Its total assets and total liabilities are MYR666.4M and MYR238.3M respectively. Icon Offshore Berhad's EBIT is MYR5.3M making its interest coverage ratio 0.3. It has cash and short-term investments of MYR40.5M.
Key information
38.9%
Debt to equity ratio
RM 166.69m
Debt
| Interest coverage ratio | 0.3x |
| Cash | RM 40.47m |
| Equity | RM 428.17m |
| Total liabilities | RM 238.28m |
| Total assets | RM 666.45m |
Recent financial health updates
These 4 Measures Indicate That Icon Offshore Berhad (KLSE:ICON) Is Using Debt Extensively
Mar 03
We Think Icon Offshore Berhad (KLSE:ICON) Is Taking Some Risk With Its Debt
Oct 11We Think Icon Offshore Berhad (KLSE:ICON) Is Taking Some Risk With Its Debt
Jul 01These 4 Measures Indicate That Icon Offshore Berhad (KLSE:ICON) Is Using Debt Extensively
Jan 17Icon Offshore Berhad (KLSE:ICON) Has A Somewhat Strained Balance Sheet
Oct 07Icon Offshore Berhad (KLSE:ICON) Has A Somewhat Strained Balance Sheet
Oct 11Recent updates
Icon Offshore Berhad (KLSE:ICON) Stocks Pounded By 26% But Not Lagging Industry On Growth Or Pricing
Mar 15These 4 Measures Indicate That Icon Offshore Berhad (KLSE:ICON) Is Using Debt Extensively
Mar 03After Leaping 28% Icon Offshore Berhad (KLSE:ICON) Shares Are Not Flying Under The Radar
Jan 21Calculating The Intrinsic Value Of Icon Offshore Berhad (KLSE:ICON)
Jan 05We Think Icon Offshore Berhad (KLSE:ICON) Is Taking Some Risk With Its Debt
Oct 11Estimating The Intrinsic Value Of Icon Offshore Berhad (KLSE:ICON)
Sep 18Icon Offshore Berhad (KLSE:ICON) Has More To Do To Multiply In Value Going Forward
Aug 22We Think Icon Offshore Berhad (KLSE:ICON) Is Taking Some Risk With Its Debt
Jul 01The Return Trends At Icon Offshore Berhad (KLSE:ICON) Look Promising
May 16A Look At The Intrinsic Value Of Icon Offshore Berhad (KLSE:ICON)
Mar 10These 4 Measures Indicate That Icon Offshore Berhad (KLSE:ICON) Is Using Debt Extensively
Jan 17Estimating The Fair Value Of Icon Offshore Berhad (KLSE:ICON)
Nov 26Icon Offshore Berhad (KLSE:ICON) Has A Somewhat Strained Balance Sheet
Oct 07Icon Offshore Berhad (KLSE:ICON) Is Experiencing Growth In Returns On Capital
Jul 20Investors Continue Waiting On Sidelines For Icon Offshore Berhad (KLSE:ICON)
May 17Returns On Capital Are Showing Encouraging Signs At Icon Offshore Berhad (KLSE:ICON)
Dec 13Icon Offshore Berhad (KLSE:ICON) Has A Somewhat Strained Balance Sheet
Oct 11Be Wary Of Icon Offshore Berhad (KLSE:ICON) And Its Returns On Capital
Aug 02Icon Offshore Berhad (KLSE:ICON) Seems To Use Debt Quite Sensibly
May 07Can Icon Offshore Berhad (KLSE:ICON) Continue To Grow Its Returns On Capital?
Mar 15We're Not So Sure You Should Rely on Icon Offshore Berhad's (KLSE:ICON) Statutory Earnings
Feb 08Icon Offshore Berhad (KLSE:ICON) Has A Pretty Healthy Balance Sheet
Jan 04
What We Make Of Icon Offshore Berhad's (KLSE:ICON) Returns On Capital
Nov 30Financial Position Analysis
Short Term Liabilities: ICON's short term assets (MYR123.8M) exceed its short term liabilities (MYR83.1M).
Long Term Liabilities: ICON's short term assets (MYR123.8M) do not cover its long term liabilities (MYR155.2M).
Debt to Equity History and Analysis
Debt Level: ICON's net debt to equity ratio (29.5%) is considered satisfactory.
Reducing Debt: ICON's debt to equity ratio has reduced from 1077% to 38.9% over the past 5 years.
Debt Coverage: ICON's debt is well covered by operating cash flow (27.4%).
Interest Coverage: ICON's interest payments on its debt are not well covered by EBIT (0.3x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/02/02 13:09 |
| End of Day Share Price | 2025/01/28 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Icon Offshore Berhad is covered by 4 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Muzhafar Mukhtar | Credit Suisse |
| Yat Tan | Hong Leong Investment Bank Berhad |
| Sin Lim | Kenanga Research |