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 MYR496.0M, which brings its debt-to-equity ratio to 20.3%. Its total assets and total liabilities are MYR4.2B and MYR1.7B respectively. Petron Malaysia Refining & Marketing Bhd's EBIT is MYR107.2M making its interest coverage ratio 3.6. It has cash and short-term investments of MYR110.1M.
Key information
20.3%
Debt to equity ratio
RM 496.00m
Debt
| Interest coverage ratio | 3.6x |
| Cash | RM 110.14m |
| Equity | RM 2.45b |
| Total liabilities | RM 1.75b |
| Total assets | RM 4.19b |
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
Investors Met With Slowing Returns on Capital At Petron Malaysia Refining & Marketing Bhd (KLSE:PETRONM)
Oct 04Petron Malaysia Refining & Marketing Bhd's (KLSE:PETRONM) Dividend Is Being Reduced To MYR0.23
May 24Petron Malaysia Refining & Marketing Bhd (KLSE:PETRONM) Will Pay A Smaller Dividend Than Last Year
May 05Rainbows 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 (MYR2.1B) exceed its short term liabilities (MYR1.5B).
Long Term Liabilities: PETRONM's short term assets (MYR2.1B) exceed its long term liabilities (MYR275.6M).
Debt to Equity History and Analysis
Debt Level: PETRONM's net debt to equity ratio (15.8%) is considered satisfactory.
Reducing Debt: PETRONM's debt to equity ratio has increased from 0% to 20.3% over the past 5 years.
Debt Coverage: PETRONM's debt is well covered by operating cash flow (74.7%).
Interest Coverage: PETRONM's interest payments on its debt are well covered by EBIT (3.6x coverage).