Optimax Holdings Berhad Balance Sheet Health
Financial Health criteria checks 5/6
Optimax Holdings Berhad has a total shareholder equity of MYR70.5M and total debt of MYR15.8M, which brings its debt-to-equity ratio to 22.3%. Its total assets and total liabilities are MYR135.3M and MYR64.7M respectively. Optimax Holdings Berhad's EBIT is MYR21.2M making its interest coverage ratio 15. It has cash and short-term investments of MYR15.1M.
Key information
22.3%
Debt to equity ratio
RM 15.76m
Debt
Interest coverage ratio | 15x |
Cash | RM 15.11m |
Equity | RM 70.54m |
Total liabilities | RM 64.73m |
Total assets | RM 135.27m |
Recent financial health updates
No updates
Recent updates
Optimax Holdings Berhad (KLSE:OPTIMAX) Has Announced A Dividend Of MYR0.006
Mar 01Optimax Holdings Berhad (KLSE:OPTIMAX) Is Reducing Its Dividend To MYR0.006
Dec 12Optimax Holdings Berhad (KLSE:OPTIMAX) Is Reinvesting To Multiply In Value
Oct 20Why We Like The Returns At Optimax Holdings Berhad (KLSE:OPTIMAX)
Mar 07This Analyst Just Wrote A Brand New Outlook For Optimax Holdings Berhad's (KLSE:OPTIMAX) Business
Dec 07The Returns On Capital At Optimax Holdings Berhad (KLSE:OPTIMAX) Don't Inspire Confidence
Oct 06Optimax Holdings Berhad's (KLSE:OPTIMAX) Earnings Haven't Escaped The Attention Of Investors
Jun 11Could The Optimax Holdings Berhad (KLSE:OPTIMAX) Ownership Structure Tell Us Something Useful?
Mar 16Is Optimax Holdings Berhad's (KLSE:OPTIMAX) Latest Stock Performance A Reflection Of Its Financial Health?
Jan 27Should You Use Optimax Holdings Berhad's (KLSE:OPTIMAX) Statutory Earnings To Analyse It?
Dec 23Financial Position Analysis
Short Term Liabilities: OPTIMAX's short term assets (MYR27.3M) exceed its short term liabilities (MYR22.0M).
Long Term Liabilities: OPTIMAX's short term assets (MYR27.3M) do not cover its long term liabilities (MYR42.7M).
Debt to Equity History and Analysis
Debt Level: OPTIMAX's net debt to equity ratio (0.9%) is considered satisfactory.
Reducing Debt: OPTIMAX's debt to equity ratio has reduced from 59.7% to 22.3% over the past 5 years.
Debt Coverage: OPTIMAX's debt is well covered by operating cash flow (162.9%).
Interest Coverage: OPTIMAX's interest payments on its debt are well covered by EBIT (15x coverage).