Mycron Steel Berhad Balance Sheet Health
Financial Health criteria checks 4/6
Mycron Steel Berhad has a total shareholder equity of MYR502.2M and total debt of MYR172.2M, which brings its debt-to-equity ratio to 34.3%. Its total assets and total liabilities are MYR807.0M and MYR304.8M respectively. Mycron Steel Berhad's EBIT is MYR20.7M making its interest coverage ratio 3.4. It has cash and short-term investments of MYR44.6M.
Key information
34.3%
Debt to equity ratio
RM 172.24m
Debt
| Interest coverage ratio | 3.4x |
| Cash | RM 44.58m |
| Equity | RM 502.24m |
| Total liabilities | RM 304.75m |
| Total assets | RM 807.00m |
Recent financial health updates
Is Mycron Steel Berhad (KLSE:MYCRON) Using Too Much Debt?
Apr 21
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 03
Recent updates
Mycron Steel Berhad's (KLSE:MYCRON) 27% Price Boost Is Out Of Tune With Revenues
Jun 10Mycron Steel Berhad's (KLSE:MYCRON) Solid Earnings Are Supported By Other Strong Factors
Jun 07Is Mycron Steel Berhad (KLSE:MYCRON) Using Too Much Debt?
Apr 21Is 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 (MYR440.4M) exceed its short term liabilities (MYR238.6M).
Long Term Liabilities: MYCRON's short term assets (MYR440.4M) exceed its long term liabilities (MYR66.2M).
Debt to Equity History and Analysis
Debt Level: MYCRON's net debt to equity ratio (25.4%) is considered satisfactory.
Reducing Debt: MYCRON's debt to equity ratio has increased from 25.7% to 34.3% 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 well covered by EBIT (3.4x coverage).