Top Glove Corporation Bhd Financial Health
How is Top Glove Corporation Bhd's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: TOPGLOV's short term assets (MYR2.1B) exceed its short term liabilities (MYR996.5M).
Long Term Liabilities: TOPGLOV's short term assets (MYR2.1B) exceed its long term liabilities (MYR327.0M).
Debt to Equity History and Analysis
Debt Level: TOPGLOV has more cash than its total debt.
Reducing Debt: TOPGLOV's debt to equity ratio has reduced from 18.2% to 5.9% over the past 5 years.
Debt Coverage: TOPGLOV's debt is well covered by operating cash flow (44.8%).
Interest Coverage: TOPGLOV earns more interest than it pays, so coverage of interest payments is not a concern.