Petra Energy Berhad Balance Sheet Health
Financial Health criteria checks 6/6
Petra Energy Berhad has a total shareholder equity of MYR408.5M and total debt of MYR25.5M, which brings its debt-to-equity ratio to 6.3%. Its total assets and total liabilities are MYR676.4M and MYR268.0M respectively. Petra Energy Berhad's EBIT is MYR68.0M making its interest coverage ratio 18.7. It has cash and short-term investments of MYR225.2M.
Key information
6.3%
Debt to equity ratio
RM25.53m
Debt
| Interest coverage ratio | 18.7x |
| Cash | RM225.16m |
| Equity | RM408.46m |
| Total liabilities | RM267.96m |
| Total assets | RM676.41m |
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
Petra 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 (MYR403.2M) exceed its short term liabilities (MYR262.6M).
Long Term Liabilities: PENERGY's short term assets (MYR403.2M) exceed its long term liabilities (MYR5.4M).
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 37.1% to 6.3% over the past 5 years.
Debt Coverage: PENERGY's debt is well covered by operating cash flow (653.7%).
Interest Coverage: PENERGY's interest payments on its debt are well covered by EBIT (18.7x coverage).