Versatile Creative Berhad Balance Sheet Health
Financial Health criteria checks 6/6
Versatile Creative Berhad has a total shareholder equity of MYR83.7M and total debt of MYR9.2M, which brings its debt-to-equity ratio to 11%. Its total assets and total liabilities are MYR167.4M and MYR83.7M respectively. Versatile Creative Berhad's EBIT is MYR1.8M making its interest coverage ratio 6.7. It has cash and short-term investments of MYR32.5M.
Key information
11.0%
Debt to equity ratio
RM 9.23m
Debt
| Interest coverage ratio | 6.7x |
| Cash | RM 32.54m |
| Equity | RM 83.71m |
| Total liabilities | RM 83.72m |
| Total assets | RM 167.44m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: VERSATL's short term assets (MYR83.4M) exceed its short term liabilities (MYR67.3M).
Long Term Liabilities: VERSATL's short term assets (MYR83.4M) exceed its long term liabilities (MYR16.4M).
Debt to Equity History and Analysis
Debt Level: VERSATL has more cash than its total debt.
Reducing Debt: VERSATL's debt to equity ratio has reduced from 30.5% to 11% over the past 5 years.
Debt Coverage: VERSATL's debt is well covered by operating cash flow (264.8%).
Interest Coverage: VERSATL's interest payments on its debt are well covered by EBIT (6.7x coverage).