Mycron Steel Berhad Balance Sheet Health
Financial Health criteria checks 4/6
Mycron Steel Berhad has a total shareholder equity of MYR494.8M and total debt of MYR124.9M, which brings its debt-to-equity ratio to 25.2%. Its total assets and total liabilities are MYR706.6M and MYR211.8M respectively. Mycron Steel Berhad's EBIT is MYR12.1M making its interest coverage ratio 2.4. It has cash and short-term investments of MYR67.7M.
Key information
25.2%
Debt to equity ratio
RM124.91m
Debt
Interest coverage ratio | 2.4x |
Cash | RM67.70m |
Equity | RM494.80m |
Total liabilities | RM211.84m |
Total assets | RM706.64m |
Recent financial health updates
Is Mycron Steel Berhad (KLSE:MYCRON) Using Too Much Debt?
Nov 16Is Mycron Steel Berhad (KLSE:MYCRON) A Risky Investment?
Nov 17Mycron Steel Berhad (KLSE:MYCRON) Has A Rock Solid Balance Sheet
Aug 26Mycron Steel Berhad (KLSE:MYCRON) Has A Pretty Healthy Balance Sheet
May 13Is Mycron Steel Berhad (KLSE:MYCRON) A Risky Investment?
Jan 03Recent updates
Is Mycron Steel Berhad (KLSE:MYCRON) Using Too Much Debt?
Nov 16Estimating The Fair Value Of Mycron Steel Berhad (KLSE:MYCRON)
Aug 23Is Mycron Steel Berhad (KLSE:MYCRON) A Risky Investment?
Nov 17Slowing Rates Of Return At Mycron Steel Berhad (KLSE:MYCRON) Leave Little Room For Excitement
Sep 09Return Trends At Mycron Steel Berhad (KLSE:MYCRON) Aren't Appealing
Apr 12The Returns At Mycron Steel Berhad (KLSE:MYCRON) Aren't Growing
Oct 18Mycron Steel Berhad (KLSE:MYCRON) Has A Rock Solid Balance Sheet
Aug 26Mycron Steel Berhad (KLSE:MYCRON) Has A Pretty Healthy Balance Sheet
May 13Be Wary Of Mycron Steel Berhad (KLSE:MYCRON) And Its Returns On Capital
Apr 08Why Mycron Steel Berhad's (KLSE:MYCRON) Earnings Are Better Than They Seem
Mar 04The Mycron Steel Berhad (KLSE:MYCRON) Share Price Is Up 154% And Shareholders Are Boasting About It
Feb 19Is Mycron Steel Berhad (KLSE:MYCRON) A Risky Investment?
Jan 03Returns On Capital At Mycron Steel Berhad (KLSE:MYCRON) Paint An Interesting Picture
Nov 29Financial Position Analysis
Short Term Liabilities: MYCRON's short term assets (MYR335.0M) exceed its short term liabilities (MYR143.3M).
Long Term Liabilities: MYCRON's short term assets (MYR335.0M) exceed its long term liabilities (MYR68.6M).
Debt to Equity History and Analysis
Debt Level: MYCRON's net debt to equity ratio (11.6%) is considered satisfactory.
Reducing Debt: MYCRON's debt to equity ratio has reduced from 25.9% to 25.2% over the past 5 years.
Debt Coverage: MYCRON's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: MYCRON's interest payments on its debt are not well covered by EBIT (2.4x coverage).