Melewar Industrial Group Berhad Balance Sheet Health
Financial Health criteria checks 3/6
Melewar Industrial Group Berhad has a total shareholder equity of MYR538.0M and total debt of MYR172.2M, which brings its debt-to-equity ratio to 32%. Its total assets and total liabilities are MYR853.8M and MYR315.8M respectively. Melewar Industrial Group Berhad's EBIT is MYR13.5M making its interest coverage ratio 2.5. It has cash and short-term investments of MYR49.9M.
Key information
32.0%
Debt to equity ratio
RM 172.24m
Debt
| Interest coverage ratio | 2.5x |
| Cash | RM 49.87m |
| Equity | RM 538.00m |
| Total liabilities | RM 315.75m |
| Total assets | RM 853.76m |
Recent financial health updates
Melewar Industrial Group Berhad (KLSE:MELEWAR) Is Making Moderate Use Of Debt
Jul 14
Melewar Industrial Group Berhad (KLSE:MELEWAR) Has A Somewhat Strained Balance Sheet
Jan 28Is Melewar Industrial Group Berhad (KLSE:MELEWAR) Using Too Much Debt?
Sep 29We Think Melewar Industrial Group Berhad (KLSE:MELEWAR) Can Stay On Top Of Its Debt
Apr 18Here's Why Melewar Industrial Group Berhad (KLSE:MELEWAR) Has A Meaningful Debt Burden
Jan 12Melewar Industrial Group Berhad (KLSE:MELEWAR) Seems To Use Debt Quite Sensibly
Aug 26Recent updates
Melewar Industrial Group Berhad (KLSE:MELEWAR) Is Making Moderate Use Of Debt
Jul 14Melewar Industrial Group Berhad (KLSE:MELEWAR) Has A Somewhat Strained Balance Sheet
Jan 28Is Melewar Industrial Group Berhad (KLSE:MELEWAR) Using Too Much Debt?
Sep 29Returns On Capital Are Showing Encouraging Signs At Melewar Industrial Group Berhad (KLSE:MELEWAR)
Jul 08A Look At The Intrinsic Value Of Melewar Industrial Group Berhad (KLSE:MELEWAR)
May 25We Think Melewar Industrial Group Berhad (KLSE:MELEWAR) Can Stay On Top Of Its Debt
Apr 18Here's Why Melewar Industrial Group Berhad (KLSE:MELEWAR) Has A Meaningful Debt Burden
Jan 12Returns Are Gaining Momentum At Melewar Industrial Group Berhad (KLSE:MELEWAR)
Nov 29Calculating The Fair Value Of Melewar Industrial Group Berhad (KLSE:MELEWAR)
Oct 12Melewar Industrial Group Berhad (KLSE:MELEWAR) Seems To Use Debt Quite Sensibly
Aug 26Returns On Capital At Melewar Industrial Group Berhad (KLSE:MELEWAR) Have Hit The Brakes
Jul 19Melewar Industrial Group Berhad (KLSE:MELEWAR) Has A Somewhat Strained Balance Sheet
May 27Melewar Industrial Group Berhad (KLSE:MELEWAR) Held Back By Insufficient Growth Even After Shares Climb 30%
May 01Melewar Industrial Group Berhad (KLSE:MELEWAR) May Have Issues Allocating Its Capital
Apr 18Melewar Industrial Group Berhad (KLSE:MELEWAR) Passed Our Checks, And It's About To Pay A RM0.022 Dividend
Mar 21These 4 Measures Indicate That Melewar Industrial Group Berhad (KLSE:MELEWAR) Is Using Debt Extensively
Feb 21Has Melewar Industrial Group Berhad (KLSE:MELEWAR) Got What It Takes To Become A Multi-Bagger?
Jan 18We're Not So Sure You Should Rely on Melewar Industrial Group Berhad's (KLSE:MELEWAR) Statutory Earnings
Dec 14
Financial Position Analysis
Short Term Liabilities: MELEWAR's short term assets (MYR450.5M) exceed its short term liabilities (MYR240.5M).
Long Term Liabilities: MELEWAR's short term assets (MYR450.5M) exceed its long term liabilities (MYR75.3M).
Debt to Equity History and Analysis
Debt Level: MELEWAR's net debt to equity ratio (22.7%) is considered satisfactory.
Reducing Debt: MELEWAR's debt to equity ratio has increased from 27.7% to 32% over the past 5 years.
Debt Coverage: MELEWAR's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: MELEWAR's interest payments on its debt are not well covered by EBIT (2.5x coverage).