Petra Energy Berhad Balance Sheet Health
Financial Health criteria checks 6/6
Petra Energy Berhad has a total shareholder equity of MYR422.3M and total debt of MYR59.2M, which brings its debt-to-equity ratio to 14%. Its total assets and total liabilities are MYR695.2M and MYR272.9M respectively. Petra Energy Berhad's EBIT is MYR103.4M making its interest coverage ratio 94.5. It has cash and short-term investments of MYR167.0M.
Key information
14.0%
Debt to equity ratio
RM 59.25m
Debt
| Interest coverage ratio | 94.5x |
| Cash | RM 167.04m |
| Equity | RM 422.28m |
| Total liabilities | RM 272.95m |
| Total assets | RM 695.23m |
Recent financial health updates
Is Petra Energy Berhad (KLSE:PENERGY) Using Too Much Debt?
Jan 19
Petra Energy Berhad (KLSE:PENERGY) Seems To Use Debt Rather Sparingly
May 23Does Petra Energy Berhad (KLSE:PENERGY) Have A Healthy Balance Sheet?
Sep 28We Think Petra Energy Berhad (KLSE:PENERGY) Can Stay On Top Of Its Debt
May 07Petra Energy Berhad (KLSE:PENERGY) Has A Rock Solid Balance Sheet
Jan 25Recent updates
Shareholders Will Be Pleased With The Quality of Petra Energy Berhad's (KLSE:PENERGY) Earnings
Aug 31Should You Be Adding Petra Energy Berhad (KLSE:PENERGY) To Your Watchlist Today?
Aug 06Petra Energy Berhad (KLSE:PENERGY) Stock Rockets 29% But Many Are Still Ignoring The Company
Apr 12Petra Energy Berhad (KLSE:PENERGY) Is Doing The Right Things To Multiply Its Share Price
Apr 08Cautious Investors Not Rewarding Petra Energy Berhad's (KLSE:PENERGY) Performance Completely
Feb 23Is Petra Energy Berhad (KLSE:PENERGY) Using Too Much Debt?
Jan 19There's Been No Shortage Of Growth Recently For Petra Energy Berhad's (KLSE:PENERGY) Returns On Capital
Aug 30There's Been No Shortage Of Growth Recently For Petra Energy Berhad's (KLSE:PENERGY) Returns On Capital
Sep 12Petra Energy Berhad (KLSE:PENERGY) Seems To Use Debt Rather Sparingly
May 23Does Petra Energy Berhad (KLSE:PENERGY) Have A Healthy Balance Sheet?
Sep 28We Like These Underlying Return On Capital Trends At Petra Energy Berhad (KLSE:PENERGY)
Aug 03We Think Petra Energy Berhad (KLSE:PENERGY) Can Stay On Top Of Its Debt
May 07The Return Trends At Petra Energy Berhad (KLSE:PENERGY) Look Promising
Apr 06A Look At The Fair Value Of Petra Energy Berhad (KLSE:PENERGY)
Mar 08Is Petra Energy Berhad's (KLSE:PENERGY) Recent Stock Performance Influenced By Its Fundamentals In Any Way?
Feb 15
Petra Energy Berhad (KLSE:PENERGY) Has A Rock Solid Balance Sheet
Jan 25Will The ROCE Trend At Petra Energy Berhad (KLSE:PENERGY) Continue?
Jan 03How Much Is Petra Energy Berhad (KLSE:PENERGY) CEO Getting Paid?
Dec 16Are Petra Energy Berhad's (KLSE:PENERGY) Statutory Earnings A Good Guide To Its Underlying Profitability?
Dec 01Financial Position Analysis
Short Term Liabilities: PENERGY's short term assets (MYR379.7M) exceed its short term liabilities (MYR268.0M).
Long Term Liabilities: PENERGY's short term assets (MYR379.7M) exceed its long term liabilities (MYR4.9M).
Debt to Equity History and Analysis
Debt Level: PENERGY has more cash than its total debt.
Reducing Debt: PENERGY's debt to equity ratio has reduced from 18.8% to 14% over the past 5 years.
Debt Coverage: PENERGY's debt is well covered by operating cash flow (376.6%).
Interest Coverage: PENERGY's interest payments on its debt are well covered by EBIT (94.5x coverage).