Mieco Chipboard Berhad Balance Sheet Health
Financial Health criteria checks 3/6
Mieco Chipboard Berhad has a total shareholder equity of MYR327.3M and total debt of MYR212.0M, which brings its debt-to-equity ratio to 64.8%. Its total assets and total liabilities are MYR663.2M and MYR336.0M respectively.
Key information
64.8%
Debt to equity ratio
RM212.00m
Debt
| Interest coverage ratio | n/a |
| Cash | RM18.67m |
| Equity | RM327.25m |
| Total liabilities | RM335.97m |
| Total assets | RM663.23m |
Recent financial health updates
These 4 Measures Indicate That Mieco Chipboard Berhad (KLSE:MIECO) Is Using Debt Extensively
May 06
Would Mieco Chipboard Berhad (KLSE:MIECO) Be Better Off With Less Debt?
Feb 01Recent updates
Investors Met With Slowing Returns on Capital At Mieco Chipboard Berhad (KLSE:MIECO)
Apr 13Why Mieco Chipboard Berhad's (KLSE:MIECO) Healthy Earnings Aren’t As Good As They Seem
Jun 02These 4 Measures Indicate That Mieco Chipboard Berhad (KLSE:MIECO) Is Using Debt Extensively
May 06What Do The Returns On Capital At Mieco Chipboard Berhad (KLSE:MIECO) Tell Us?
Mar 01Would Mieco Chipboard Berhad (KLSE:MIECO) Be Better Off With Less Debt?
Feb 01Does Mieco Chipboard Berhad's (KLSE:MIECO) CEO Salary Compare Well With Industry Peers?
Dec 28A Look At The Intrinsic Value Of Mieco Chipboard Berhad (KLSE:MIECO)
Dec 01Financial Position Analysis
Short Term Liabilities: MIECO's short term assets (MYR206.1M) exceed its short term liabilities (MYR196.3M).
Long Term Liabilities: MIECO's short term assets (MYR206.1M) exceed its long term liabilities (MYR139.7M).
Debt to Equity History and Analysis
Debt Level: MIECO's net debt to equity ratio (59.1%) is considered high.
Reducing Debt: MIECO's debt to equity ratio has reduced from 77.2% to 64.8% over the past 5 years.
Debt Coverage: MIECO's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if MIECO's interest payments on its debt are well covered by EBIT.