One Glove Group Berhad Balance Sheet Health
Financial Health criteria checks 3/6
One Glove Group Berhad has a total shareholder equity of MYR267.3M and total debt of MYR70.0M, which brings its debt-to-equity ratio to 26.2%. Its total assets and total liabilities are MYR592.5M and MYR325.2M respectively.
Key information
26.2%
Debt to equity ratio
RM69.98m
Debt
Interest coverage ratio | n/a |
Cash | RM16.29m |
Equity | RM267.28m |
Total liabilities | RM325.25m |
Total assets | RM592.53m |
Financial Position Analysis
Short Term Liabilities: ONEGLOVE's short term assets (MYR46.1M) exceed its short term liabilities (MYR26.9M).
Long Term Liabilities: ONEGLOVE's short term assets (MYR46.1M) do not cover its long term liabilities (MYR298.3M).
Debt to Equity History and Analysis
Debt Level: ONEGLOVE's net debt to equity ratio (20.1%) is considered satisfactory.
Reducing Debt: ONEGLOVE's debt to equity ratio has reduced from 39.8% to 26.2% 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: Insufficient data to determine if ONEGLOVE has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if ONEGLOVE has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.