One Glove Group Berhad Balance Sheet Health
Financial Health criteria checks 1/6
One Glove Group Berhad has a total shareholder equity of MYR101.2M and total debt of MYR69.6M, which brings its debt-to-equity ratio to 68.8%. Its total assets and total liabilities are MYR401.2M and MYR300.0M respectively.
Key information
68.8%
Debt to equity ratio
RM 69.58m
Debt
| Interest coverage ratio | n/a |
| Cash | RM 5.68m |
| Equity | RM 101.16m |
| Total liabilities | RM 300.03m |
| Total assets | RM 401.19m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: ONEGLOVE's short term assets (MYR30.0M) exceed its short term liabilities (MYR21.2M).
Long Term Liabilities: ONEGLOVE's short term assets (MYR30.0M) do not cover its long term liabilities (MYR278.8M).
Debt to Equity History and Analysis
Debt Level: ONEGLOVE's net debt to equity ratio (63.2%) is considered high.
Reducing Debt: ONEGLOVE's debt to equity ratio has increased from 51.6% to 68.8% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: ONEGLOVE has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: ONEGLOVE has less than a year of cash runway if free cash flow continues to reduce at historical rates of 16% each year