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 ratio | n/a |
| Cash | RM 20.34m |
| Equity | RM 320.89m |
| Total liabilities | RM 346.78m |
| Total assets | RM 667.67m |
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
Shareholders May Not Be So Generous With Mieco Chipboard Berhad's (KLSE:MIECO) CEO Compensation And Here's Why
May 21Investors 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 (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