Harn Len Corporation Bhd Balance Sheet Health

Financial Health criteria checks 4/6

Harn Len Bhd has a total shareholder equity of MYR325.2M and total debt of MYR45.8M, which brings its debt-to-equity ratio to 14.1%. Its total assets and total liabilities are MYR445.1M and MYR119.9M respectively. Harn Len Bhd's EBIT is MYR290.4K making its interest coverage ratio 0.1. It has cash and short-term investments of MYR9.2M.

Key information

14.1%

Debt to equity ratio

RM45.81m

Debt

Interest coverage ratio	0.07x
Cash	RM9.18m
Equity	RM325.17m
Total liabilities	RM119.89m
Total assets	RM445.06m

Recent financial health updates

We Think Harn Len Corporation Bhd (KLSE:HARNLEN) Is Taking Some Risk With Its Debt

Nov 28

Recent updates

Market Cool On Harn Len Corporation Bhd's (KLSE:HARNLEN) Revenues Pushing Shares 30% Lower

Dec 12

Harn Len Corporation Bhd (KLSE:HARNLEN) Seems To Use Debt Quite Sensibly

Dec 10

Is Harn Len Corporation Bhd (KLSE:HARNLEN) Using Too Much Debt?

Jul 01

We Think Harn Len Corporation Bhd (KLSE:HARNLEN) Has A Fair Chunk Of Debt

Jan 20

Is Harn Len Corporation Bhd (KLSE:HARNLEN) Using Too Much Debt?

Mar 22

Harn Len Corporation Bhd (KLSE:HARNLEN): Are Investors Overlooking Returns On Capital?

Jan 28

We're Not Counting On Harn Len Corporation Bhd (KLSE:HARNLEN) To Sustain Its Statutory Profitability

Dec 25

We Think Harn Len Corporation Bhd (KLSE:HARNLEN) Is Taking Some Risk With Its Debt

Nov 28

Financial Position Analysis

Short Term Liabilities: HARNLEN's short term assets (MYR66.1M) exceed its short term liabilities (MYR56.5M).

Long Term Liabilities: HARNLEN's short term assets (MYR66.1M) exceed its long term liabilities (MYR63.4M).

Debt to Equity History and Analysis

Debt Level: HARNLEN's net debt to equity ratio (11.3%) is considered satisfactory.

Reducing Debt: HARNLEN's debt to equity ratio has reduced from 37% to 14.1% over the past 5 years.

Debt Coverage: HARNLEN's debt is not well covered by operating cash flow (7.5%).

Interest Coverage: HARNLEN's interest payments on its debt are not well covered by EBIT (0.1x coverage).

Harn Len Corporation Bhd Balance Sheet Health

Financial Health criteria checks 4/6

Key information

Recent financial health updates

Harn Len Corporation Bhd (KLSE:HARNLEN) Seems To Use Debt Quite Sensibly

Is Harn Len Corporation Bhd (KLSE:HARNLEN) Using Too Much Debt?

We Think Harn Len Corporation Bhd (KLSE:HARNLEN) Has A Fair Chunk Of Debt

Is Harn Len Corporation Bhd (KLSE:HARNLEN) Using Too Much Debt?

We Think Harn Len Corporation Bhd (KLSE:HARNLEN) Is Taking Some Risk With Its Debt

Harn Len Corporation Bhd Auditor Raises 'Going Concern' Doubt

Recent updates

New minor risk - Financial data availability

Market Cool On Harn Len Corporation Bhd's (KLSE:HARNLEN) Revenues Pushing Shares 30% Lower

Harn Len Corporation Bhd Announces Retirement of Mr. Low Kok Yong Executive Director

Harn Len Corporation Bhd Withdraws the Resolution to Re-Elect Low Kok Yong, Director

Full year 2023 earnings released: EPS: RM0.016 (vs RM0.02 loss in FY 2022)

Harn Len Corporation Bhd, Annual General Meeting, Nov 16, 2023

Full year 2023 earnings released: EPS: RM0.016 (vs RM0.02 loss in FY 2022)

Harn Len Corporation Bhd Announces the Resignation of Mr. Law Piang Woon as Independent and Non-Executive Director

First quarter 2023 earnings released: RM0.015 loss per share (vs RM0.002 loss in 1Q 2022)

Full year 2022 earnings released: EPS: RM0.073 (vs RM0.044 loss in FY 2021)

Harn Len Corporation Bhd (KLSE:HARNLEN) entered into a conditional share sale agreement to acquire ALMAL RESOURCES SDN BHD from Datuk Mohamed Nizam Bin Mohamed Jakel for RM 54.7 million.

Harn Len Corporation Bhd (KLSE:HARNLEN) Seems To Use Debt Quite Sensibly

Third quarter 2022 earnings released: EPS: RM0.052 (vs RM0.003 loss in 3Q 2021)

Less than half of directors are independent

Harn Len Corporation Bhd Appoints Low Quek Kiong as Executive Member of Remuneration Committee

Second quarter 2022 earnings released: EPS: RM0.024 (vs RM0.014 loss in 2Q 2021)

Is Harn Len Corporation Bhd (KLSE:HARNLEN) Using Too Much Debt?

Harn Len Corporation Bhd Announces Retirement of Ali Bin Hj. Musa as Independent and Non Executive Member of Nomination Committee

First quarter 2022 earnings released: RM0.004 loss per share (vs RM0.025 loss in 1Q 2021)

Harn Len Corporation Bhd, Annual General Meeting, Jun 21, 2022

Less than half of directors are independent

Harn Len Corporation Bhd Appoints Mohamed Akwal Bin Sultan Mohamad as Independent and Non Executive Chairman of Nomination Committee

Harn Len Corporation Bhd Announces Resignation of Fong Siew Kim as Company Secretary

We Think Harn Len Corporation Bhd (KLSE:HARNLEN) Has A Fair Chunk Of Debt

Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations

Second quarter 2021 earnings released: RM0.014 loss per share (vs RM0.033 loss in 2Q 2020)

Investor sentiment improved over the past week

Investor sentiment improved over the past week

First quarter 2021 earnings released: RM0.025 loss per share (vs RM0.05 loss in 1Q 2020)

Full year 2020 earnings released: EPS RM0.52 (vs RM0.34 loss in FY 2019)

Is Harn Len Corporation Bhd (KLSE:HARNLEN) Using Too Much Debt?

New 90-day low: RM0.62

Harn Len Corporation Bhd (KLSE:HARNLEN): Are Investors Overlooking Returns On Capital?

We're Not Counting On Harn Len Corporation Bhd (KLSE:HARNLEN) To Sustain Its Statutory Profitability

We Think Harn Len Corporation Bhd (KLSE:HARNLEN) Is Taking Some Risk With Its Debt

Third quarter 2020 earnings released: EPS RM0.60

New 90-day high: RM0.74

Upcoming Dividend of RM0.10 Per Share

New 90-day high: RM0.72

New 90-day high - RM0.64

First half earnings released

Far East Holdings Berhad (KLSE:FAREAST) completed the acquisition of Lian Hup Assets in the Mukim of Keratong of Harn Len Corporation Bhd (KLSE:HARNLEN).

Harn Len Corporation Bhd has completed a Follow-on Equity Offering in the amount of MYR 2.8 million.

Harn Len Corporation Bhd Auditor Raises 'Going Concern' Doubt

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

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