MAG Holdings Berhad Balance Sheet Health
Financial Health criteria checks 6/6
MAG Holdings Berhad has a total shareholder equity of MYR816.1M and total debt of MYR182.3M, which brings its debt-to-equity ratio to 22.3%. Its total assets and total liabilities are MYR1.2B and MYR398.5M respectively. MAG Holdings Berhad's EBIT is MYR43.3M making its interest coverage ratio -57.9. It has cash and short-term investments of MYR180.3M.
Key information
22.3%
Debt to equity ratio
RM 182.35m
Debt
| Interest coverage ratio | -57.9x |
| Cash | RM 180.26m |
| Equity | RM 816.10m |
| Total liabilities | RM 398.46m |
| Total assets | RM 1.21b |
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
We Think That There Are Some Issues For MAG Holdings Berhad (KLSE:MAG) Beyond Its Promising Earnings
Sep 06What 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 (MYR365.9M) exceed its short term liabilities (MYR187.9M).
Long Term Liabilities: MAG's short term assets (MYR365.9M) exceed its long term liabilities (MYR210.5M).
Debt to Equity History and Analysis
Debt Level: MAG's net debt to equity ratio (0.3%) is considered satisfactory.
Reducing Debt: MAG's debt to equity ratio has reduced from 40.3% to 22.3% over the past 5 years.
Debt Coverage: MAG's debt is well covered by operating cash flow (49.6%).
Interest Coverage: MAG earns more interest than it pays, so coverage of interest payments is not a concern.