Xin Synergy Group Berhad Balance Sheet Health
Financial Health criteria checks 6/6
Xin Synergy Group Berhad has a total shareholder equity of MYR189.1M and total debt of MYR4.4M, which brings its debt-to-equity ratio to 2.3%. Its total assets and total liabilities are MYR215.0M and MYR25.9M respectively. Xin Synergy Group Berhad's EBIT is MYR12.4M making its interest coverage ratio 33.6. It has cash and short-term investments of MYR33.7M.
Key information
2.3%
Debt to equity ratio
RM 4.38m
Debt
Interest coverage ratio | 33.6x |
Cash | RM 33.70m |
Equity | RM 189.09m |
Total liabilities | RM 25.90m |
Total assets | RM 215.00m |
Financial Position Analysis
Short Term Liabilities: XIN's short term assets (MYR85.1M) exceed its short term liabilities (MYR15.9M).
Long Term Liabilities: XIN's short term assets (MYR85.1M) exceed its long term liabilities (MYR10.0M).
Debt to Equity History and Analysis
Debt Level: XIN has more cash than its total debt.
Reducing Debt: XIN's debt to equity ratio has reduced from 13.9% to 2.3% 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: Whilst unprofitable XIN has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: XIN is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 40.9% per year.