Able Global Berhad Balance Sheet Health
Financial Health criteria checks 5/6
Able Global Berhad has a total shareholder equity of MYR442.6M and total debt of MYR269.5M, which brings its debt-to-equity ratio to 60.9%. Its total assets and total liabilities are MYR805.6M and MYR363.0M respectively. Able Global Berhad's EBIT is MYR66.4M making its interest coverage ratio 11. It has cash and short-term investments of MYR136.1M.
Key information
60.9%
Debt to equity ratio
RM269.55m
Debt
| Interest coverage ratio | 11x |
| Cash | RM136.09m |
| Equity | RM442.65m |
| Total liabilities | RM362.99m |
| Total assets | RM805.64m |
Recent financial health updates
Is Johore Tin Berhad (KLSE:JOHOTIN) A Risky Investment?
Mar 09
Johore Tin Berhad (KLSE:JOHOTIN) Seems To Use Debt Quite Sensibly
Dec 08Recent updates
Able Global Berhad's (KLSE:ABLEGLOB) Dividend Will Be MYR0.015
Sep 05Able Global Berhad (KLSE:ABLEGLOB) Is Due To Pay A Dividend Of MYR0.01
Jun 08Able Global Berhad's (KLSE:ABLEGLOB) Dividend Will Be Reduced To MYR0.01
Mar 17Able Global Berhad (KLSE:ABLEGLOB) Is Paying Out Less In Dividends Than Last Year
Jun 03Some Able Global Berhad (KLSE:ABLEGLOB) Analysts Just Made A Major Cut To Next Year's Estimates
Mar 05Able Global Berhad's (KLSE:ABLEGLOB) Dividend Will Be Reduced To RM0.01
Dec 03Johore Tin Berhad's (KLSE:JOHOTIN) Shareholders Will Receive A Bigger Dividend Than Last Year
Jun 05Returns On Capital At Johore Tin Berhad (KLSE:JOHOTIN) Have Stalled
Jun 01At RM1.61, Is Johore Tin Berhad (KLSE:JOHOTIN) Worth Looking At Closely?
May 04Johore Tin Berhad (KLSE:JOHOTIN) Shares Could Be 49% Below Their Intrinsic Value Estimate
Mar 22Is Johore Tin Berhad (KLSE:JOHOTIN) A Risky Investment?
Mar 09Does Johore Tin Berhad (KLSE:JOHOTIN) Have The Makings Of A Multi-Bagger?
Feb 22Johore Tin Berhad's (KLSE:JOHOTIN) Stock Been Rising: Are Strong Financials Guiding The Market?
Feb 07
Should You Think About Buying Johore Tin Berhad (KLSE:JOHOTIN) Now?
Jan 23What Is The Ownership Structure Like For Johore Tin Berhad (KLSE:JOHOTIN)?
Jan 07Shareholders Of Johore Tin Berhad (KLSE:JOHOTIN) Must Be Happy With Their 208% Total Return
Dec 23Johore Tin Berhad (KLSE:JOHOTIN) Seems To Use Debt Quite Sensibly
Dec 08Will the Promising Trends At Johore Tin Berhad (KLSE:JOHOTIN) Continue?
Nov 23Financial Position Analysis
Short Term Liabilities: ABLEGLOB's short term assets (MYR585.2M) exceed its short term liabilities (MYR196.6M).
Long Term Liabilities: ABLEGLOB's short term assets (MYR585.2M) exceed its long term liabilities (MYR166.4M).
Debt to Equity History and Analysis
Debt Level: ABLEGLOB's net debt to equity ratio (30.2%) is considered satisfactory.
Reducing Debt: ABLEGLOB's debt to equity ratio has increased from 10.2% to 60.9% over the past 5 years.
Debt Coverage: ABLEGLOB's debt is well covered by operating cash flow (32.8%).
Interest Coverage: ABLEGLOB's interest payments on its debt are well covered by EBIT (11x coverage).