Velesto Energy Berhad Balance Sheet Health
Financial Health criteria checks 6/6
Velesto Energy Berhad has a total shareholder equity of MYR2.5B and total debt of MYR358.6M, which brings its debt-to-equity ratio to 14.5%. Its total assets and total liabilities are MYR3.1B and MYR632.2M respectively. Velesto Energy Berhad's EBIT is MYR165.0M making its interest coverage ratio 3.9. It has cash and short-term investments of MYR127.7M.
Key information
14.5%
Debt to equity ratio
RM358.61m
Debt
Interest coverage ratio | 3.9x |
Cash | RM127.71m |
Equity | RM2.48b |
Total liabilities | RM632.24m |
Total assets | RM3.11b |
Recent financial health updates
Here's Why Velesto Energy Berhad (KLSE:VELESTO) Can Afford Some Debt
Mar 20Velesto Energy Berhad (KLSE:VELESTO) Is Carrying A Fair Bit Of Debt
Oct 27Here's Why Velesto Energy Berhad (KLSE:VELESTO) Can Afford Some Debt
Jul 07Is Velesto Energy Berhad (KLSE:VELESTO) A Risky Investment?
Jan 14Is Velesto Energy Berhad (KLSE:VELESTO) Using Too Much Debt?
Jul 28Is Velesto Energy Berhad (KLSE:VELESTO) A Risky Investment?
Apr 08Recent updates
Velesto Energy Berhad Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year
Mar 03Are Investors Undervaluing Velesto Energy Berhad (KLSE:VELESTO) By 29%?
May 25Here's Why Velesto Energy Berhad (KLSE:VELESTO) Can Afford Some Debt
Mar 20Velesto Energy Berhad (KLSE:VELESTO) Is Carrying A Fair Bit Of Debt
Oct 27Here's Why Velesto Energy Berhad (KLSE:VELESTO) Can Afford Some Debt
Jul 07Velesto Energy Berhad (KLSE:VELESTO) Is Experiencing Growth In Returns On Capital
Feb 18Is Velesto Energy Berhad (KLSE:VELESTO) A Risky Investment?
Jan 14Velesto Energy Berhad (KLSE:VELESTO) Is Looking To Continue Growing Its Returns On Capital
Nov 18Is There An Opportunity With Velesto Energy Berhad's (KLSE:VELESTO) 30% Undervaluation?
Oct 08Is Velesto Energy Berhad (KLSE:VELESTO) Using Too Much Debt?
Jul 28Downgrade: Here's How Analysts See Velesto Energy Berhad (KLSE:VELESTO) Performing In The Near Term
Jun 02Is Velesto Energy Berhad (KLSE:VELESTO) A Risky Investment?
Apr 08Estimating The Intrinsic Value Of Velesto Energy Berhad (KLSE:VELESTO)
Mar 18How Many Velesto Energy Berhad (KLSE:VELESTO) Shares Do Institutions Own?
Feb 26Here's What We Make Of Velesto Energy Berhad's (KLSE:VELESTO) Returns On Capital
Feb 03Here's Why Velesto Energy Berhad (KLSE:VELESTO) Has A Meaningful Debt Burden
Dec 23Financial Position Analysis
Short Term Liabilities: VELESTO's short term assets (MYR676.3M) exceed its short term liabilities (MYR384.5M).
Long Term Liabilities: VELESTO's short term assets (MYR676.3M) exceed its long term liabilities (MYR247.7M).
Debt to Equity History and Analysis
Debt Level: VELESTO's net debt to equity ratio (9.3%) is considered satisfactory.
Reducing Debt: VELESTO's debt to equity ratio has reduced from 51.4% to 14.5% over the past 5 years.
Debt Coverage: VELESTO's debt is well covered by operating cash flow (104.9%).
Interest Coverage: VELESTO's interest payments on its debt are well covered by EBIT (3.9x coverage).