Petron Malaysia Refining & Marketing Bhd Balance Sheet Health
Financial Health criteria checks 5/6
Petron Malaysia Refining & Marketing Bhd has a total shareholder equity of MYR2.4B and total debt of MYR950.0M, which brings its debt-to-equity ratio to 39.2%. Its total assets and total liabilities are MYR4.7B and MYR2.3B respectively. Petron Malaysia Refining & Marketing Bhd's EBIT is MYR348.9M making its interest coverage ratio 13. It has cash and short-term investments of MYR164.3M.
Key information
39.2%
Debt to equity ratio
RM950.00m
Debt
| Interest coverage ratio | 13x |
| Cash | RM164.29m |
| Equity | RM2.42b |
| Total liabilities | RM2.28b |
| Total assets | RM4.70b |
Recent financial health updates
We Think Petron Malaysia Refining & Marketing Bhd (KLSE:PETRONM) Is Taking Some Risk With Its Debt
Jun 25
Petron Malaysia Refining & Marketing Bhd (KLSE:PETRONM) Is Carrying A Fair Bit Of Debt
May 10We Think Petron Malaysia Refining & Marketing Bhd (KLSE:PETRONM) Has A Fair Chunk Of Debt
Jan 07
Recent updates
Rainbows and Unicorns: The Petron Malaysia Refining & Marketing Bhd (KLSE:PETRONM) Analyst Just Became A Lot More Optimistic
May 28Petron Malaysia Refining & Marketing Bhd (KLSE:PETRONM) Is Increasing Its Dividend To MYR0.25
Apr 28Petron Malaysia Refining & Marketing Bhd (KLSE:PETRONM) May Have Issues Allocating Its Capital
Aug 23We Think Petron Malaysia Refining & Marketing Bhd (KLSE:PETRONM) Is Taking Some Risk With Its Debt
Jun 25Petron Malaysia Refining & Marketing Bhd's (KLSE:PETRONM) Upcoming Dividend Will Be Larger Than Last Year's
May 29Petron Malaysia Refining & Marketing Bhd's (KLSE:PETRONM) Returns On Capital Not Reflecting Well On The Business
Apr 30We Think That There Are Some Issues For Petron Malaysia Refining & Marketing Bhd (KLSE:PETRONM) Beyond Its Promising Earnings
Sep 02Petron Malaysia Refining & Marketing Bhd (KLSE:PETRONM) Is Carrying A Fair Bit Of Debt
May 10Update: Petron Malaysia Refining & Marketing Bhd (KLSE:PETRONM) Stock Gained 89% In The Last Year
Mar 18Factors Income Investors Should Consider Before Adding Petron Malaysia Refining & Marketing Bhd (KLSE:PETRONM) To Their Portfolio
Feb 11We Think Petron Malaysia Refining & Marketing Bhd (KLSE:PETRONM) Has A Fair Chunk Of Debt
Jan 07If You Had Bought Petron Malaysia Refining & Marketing Bhd's (KLSE:PETRONM) Shares Three Years Ago You Would Be Down 67%
Dec 02Financial Position Analysis
Short Term Liabilities: PETRONM's short term assets (MYR2.6B) exceed its short term liabilities (MYR2.0B).
Long Term Liabilities: PETRONM's short term assets (MYR2.6B) exceed its long term liabilities (MYR274.2M).
Debt to Equity History and Analysis
Debt Level: PETRONM's net debt to equity ratio (32.5%) is considered satisfactory.
Reducing Debt: PETRONM's debt to equity ratio has increased from 23.4% to 39.2% over the past 5 years.
Debt Coverage: PETRONM's debt is well covered by operating cash flow (23.1%).
Interest Coverage: PETRONM's interest payments on its debt are well covered by EBIT (13x coverage).