MAG Holdings Berhad Balance Sheet Health
Financial Health criteria checks 6/6
MAG Holdings Berhad has a total shareholder equity of MYR782.6M and total debt of MYR178.6M, which brings its debt-to-equity ratio to 22.8%. Its total assets and total liabilities are MYR1.1B and MYR335.1M respectively. MAG Holdings Berhad's EBIT is MYR45.3M making its interest coverage ratio 7.7. It has cash and short-term investments of MYR222.9M.
Key information
22.8%
Debt to equity ratio
RM178.62m
Debt
| Interest coverage ratio | 7.7x |
| Cash | RM222.93m |
| Equity | RM782.64m |
| Total liabilities | RM335.11m |
| Total assets | RM1.12b |
Recent financial health updates
We Think MAG Holdings Berhad (KLSE:MAG) Can Stay On Top Of Its Debt
Jun 03
MAG Holdings Berhad (KLSE:MAG) Seems To Use Debt Quite Sensibly
Jun 09Is MAG Holdings Berhad (KLSE:MAG) Using Too Much Debt?
Nov 19Recent updates
What MAG Holdings Berhad's (KLSE:MAG) P/E Is Not Telling You
Jul 04We Think MAG Holdings Berhad (KLSE:MAG) Can Stay On Top Of Its Debt
Jun 03MAG Holdings Berhad (KLSE:MAG) Seems To Use Debt Quite Sensibly
Jun 09MAG Holdings Berhad's (KLSE:MAG) Earnings Are Of Questionable Quality
Mar 02Is MAG Holdings Berhad (KLSE:MAG) Struggling?
Feb 25Is MAG Holdings Berhad (KLSE:MAG) Using Too Much Debt?
Nov 19Financial Position Analysis
Short Term Liabilities: MAG's short term assets (MYR356.5M) exceed its short term liabilities (MYR127.4M).
Long Term Liabilities: MAG's short term assets (MYR356.5M) exceed its long term liabilities (MYR207.7M).
Debt to Equity History and Analysis
Debt Level: MAG has more cash than its total debt.
Reducing Debt: MAG's debt to equity ratio has reduced from 40.5% to 22.8% over the past 5 years.
Debt Coverage: MAG's debt is well covered by operating cash flow (33.6%).
Interest Coverage: MAG's interest payments on its debt are well covered by EBIT (7.7x coverage).