One Glove Group Berhad

KLSE:ONEGLOVE Stock Report

Market Cap: RM 113.7m

One Glove Group Berhad Balance Sheet Health

Financial Health criteria checks 1/6

One Glove Group Berhad has a total shareholder equity of MYR108.5M and total debt of MYR69.8M, which brings its debt-to-equity ratio to 64.4%. Its total assets and total liabilities are MYR403.7M and MYR295.2M respectively.

Key information

64.4%

Debt to equity ratio

RM 69.83m

Debt

Interest coverage ration/a
CashRM 9.19m
EquityRM 108.48m
Total liabilitiesRM 295.24m
Total assetsRM 403.72m

Recent financial health updates

Recent updates

Is One Glove Group Berhad (KLSE:ONEGLOVE) Using Debt In A Risky Way?

Apr 18
Is One Glove Group Berhad (KLSE:ONEGLOVE) Using Debt In A Risky Way?

One Glove Group Berhad (KLSE:ONEGLOVE) Will Want To Turn Around Its Return Trends

Mar 27
One Glove Group Berhad (KLSE:ONEGLOVE) Will Want To Turn Around Its Return Trends

Financial Position Analysis

Short Term Liabilities: ONEGLOVE's short term assets (MYR33.4M) exceed its short term liabilities (MYR19.0M).

Long Term Liabilities: ONEGLOVE's short term assets (MYR33.4M) do not cover its long term liabilities (MYR276.3M).


Debt to Equity History and Analysis

Debt Level: ONEGLOVE's net debt to equity ratio (55.9%) is considered high.

Reducing Debt: ONEGLOVE's debt to equity ratio has increased from 41.5% to 64.4% 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 28.6% each year


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