Bright Packaging Industry Berhad Balance Sheet Health
Financial Health criteria checks 6/6
Bright Packaging Industry Berhad has a total shareholder equity of MYR121.9M and total debt of MYR0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are MYR131.0M and MYR9.0M respectively. Bright Packaging Industry Berhad's EBIT is MYR1.9M making its interest coverage ratio -1.7. It has cash and short-term investments of MYR49.3M.
Key information
0%
Debt to equity ratio
RM0
Debt
Interest coverage ratio | -1.7x |
Cash | RM49.33m |
Equity | RM121.92m |
Total liabilities | RM9.05m |
Total assets | RM130.97m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: BRIGHT's short term assets (MYR76.6M) exceed its short term liabilities (MYR6.8M).
Long Term Liabilities: BRIGHT's short term assets (MYR76.6M) exceed its long term liabilities (MYR2.3M).
Debt to Equity History and Analysis
Debt Level: BRIGHT is debt free.
Reducing Debt: BRIGHT has not had any debt for past 5 years.
Debt Coverage: BRIGHT has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: BRIGHT has no debt, therefore coverage of interest payments is not a concern.