Mieco Chipboard Berhad

KLSE:MIECO Stock Report

Market Cap: RM 700.0m

Mieco Chipboard Berhad Balance Sheet Health

Financial Health criteria checks 4/6

Mieco Chipboard Berhad has a total shareholder equity of MYR320.9M and total debt of MYR239.2M, which brings its debt-to-equity ratio to 74.5%. Its total assets and total liabilities are MYR667.7M and MYR346.8M respectively.

Key information

74.5%

Debt to equity ratio

RM 239.17m

Debt

Interest coverage ration/a
CashRM 20.34m
EquityRM 320.89m
Total liabilitiesRM 346.78m
Total assetsRM 667.67m

Recent financial health updates

Recent updates

Shareholders May Not Be So Generous With Mieco Chipboard Berhad's (KLSE:MIECO) CEO Compensation And Here's Why

May 21
Shareholders May Not Be So Generous With Mieco Chipboard Berhad's (KLSE:MIECO) CEO Compensation And Here's Why

Investors Met With Slowing Returns on Capital At Mieco Chipboard Berhad (KLSE:MIECO)

Apr 13
Investors Met With Slowing Returns on Capital At Mieco Chipboard Berhad (KLSE:MIECO)

Why Mieco Chipboard Berhad's (KLSE:MIECO) Healthy Earnings Aren’t As Good As They Seem

Jun 02
Why Mieco Chipboard Berhad's (KLSE:MIECO) Healthy Earnings Aren’t As Good As They Seem

These 4 Measures Indicate That Mieco Chipboard Berhad (KLSE:MIECO) Is Using Debt Extensively

May 06
These 4 Measures Indicate That Mieco Chipboard Berhad (KLSE:MIECO) Is Using Debt Extensively

What Do The Returns On Capital At Mieco Chipboard Berhad (KLSE:MIECO) Tell Us?

Mar 01
What Do The Returns On Capital At Mieco Chipboard Berhad (KLSE:MIECO) Tell Us?

Would Mieco Chipboard Berhad (KLSE:MIECO) Be Better Off With Less Debt?

Feb 01
Would Mieco Chipboard Berhad (KLSE:MIECO) Be Better Off With Less Debt?

Does Mieco Chipboard Berhad's (KLSE:MIECO) CEO Salary Compare Well With Industry Peers?

Dec 28
Does Mieco Chipboard Berhad's (KLSE:MIECO) CEO Salary Compare Well With Industry Peers?

A Look At The Intrinsic Value Of Mieco Chipboard Berhad (KLSE:MIECO)

Dec 01
A Look At The Intrinsic Value Of Mieco Chipboard Berhad (KLSE:MIECO)

Financial Position Analysis

Short Term Liabilities: MIECO's short term assets (MYR241.6M) exceed its short term liabilities (MYR235.8M).

Long Term Liabilities: MIECO's short term assets (MYR241.6M) exceed its long term liabilities (MYR111.0M).


Debt to Equity History and Analysis

Debt Level: MIECO's net debt to equity ratio (68.2%) is considered high.

Reducing Debt: MIECO's debt to equity ratio has reduced from 76.4% to 74.5% 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: MIECO has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: MIECO has less than a year of cash runway if free cash flow continues to reduce at historical rates of 40.6% each year


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