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 ratio2.4x
CashRM67.70m
EquityRM494.80m
Total liabilitiesRM211.84m
Total assetsRM706.64m

Recent financial health updates

Recent updates

Is Mycron Steel Berhad (KLSE:MYCRON) Using Too Much Debt?

Apr 21
Is Mycron Steel Berhad (KLSE:MYCRON) Using Too Much Debt?

Is Mycron Steel Berhad (KLSE:MYCRON) Using Too Much Debt?

Nov 16
Is Mycron Steel Berhad (KLSE:MYCRON) Using Too Much Debt?

Estimating The Fair Value Of Mycron Steel Berhad (KLSE:MYCRON)

Aug 23
Estimating The Fair Value Of Mycron Steel Berhad (KLSE:MYCRON)

Is Mycron Steel Berhad (KLSE:MYCRON) A Risky Investment?

Nov 17
Is Mycron Steel Berhad (KLSE:MYCRON) A Risky Investment?

Slowing Rates Of Return At Mycron Steel Berhad (KLSE:MYCRON) Leave Little Room For Excitement

Sep 09
Slowing Rates Of Return At Mycron Steel Berhad (KLSE:MYCRON) Leave Little Room For Excitement

Return Trends At Mycron Steel Berhad (KLSE:MYCRON) Aren't Appealing

Apr 12
Return Trends At Mycron Steel Berhad (KLSE:MYCRON) Aren't Appealing

The Returns At Mycron Steel Berhad (KLSE:MYCRON) Aren't Growing

Oct 18
The Returns At Mycron Steel Berhad (KLSE:MYCRON) Aren't Growing

Mycron Steel Berhad (KLSE:MYCRON) Has A Rock Solid Balance Sheet

Aug 26
Mycron Steel Berhad (KLSE:MYCRON) Has A Rock Solid Balance Sheet

Mycron Steel Berhad (KLSE:MYCRON) Has A Pretty Healthy Balance Sheet

May 13
Mycron Steel Berhad (KLSE:MYCRON) Has A Pretty Healthy Balance Sheet

Be Wary Of Mycron Steel Berhad (KLSE:MYCRON) And Its Returns On Capital

Apr 08
Be Wary Of Mycron Steel Berhad (KLSE:MYCRON) And Its Returns On Capital

Why Mycron Steel Berhad's (KLSE:MYCRON) Earnings Are Better Than They Seem

Mar 04
Why Mycron Steel Berhad's (KLSE:MYCRON) Earnings Are Better Than They Seem

The Mycron Steel Berhad (KLSE:MYCRON) Share Price Is Up 154% And Shareholders Are Boasting About It

Feb 19
The Mycron Steel Berhad (KLSE:MYCRON) Share Price Is Up 154% And Shareholders Are Boasting About It

Is Mycron Steel Berhad (KLSE:MYCRON) A Risky Investment?

Jan 03
Is Mycron Steel Berhad (KLSE:MYCRON) A Risky Investment?

Returns On Capital At Mycron Steel Berhad (KLSE:MYCRON) Paint An Interesting Picture

Nov 29
Returns On Capital At Mycron Steel Berhad (KLSE:MYCRON) Paint An Interesting Picture

Financial 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).


Balance Sheet


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