Eco World Development Group Berhad Balance Sheet Health
Financial Health criteria checks 5/6
Eco World Development Group Berhad has a total shareholder equity of MYR4.8B and total debt of MYR2.6B, which brings its debt-to-equity ratio to 54.3%. Its total assets and total liabilities are MYR8.9B and MYR4.1B respectively. Eco World Development Group Berhad's EBIT is MYR281.8M making its interest coverage ratio 6.1. It has cash and short-term investments of MYR661.7M.
Key information
54.3%
Debt to equity ratio
RM2.60b
Debt
| Interest coverage ratio | 6.1x |
| Cash | RM661.73m |
| Equity | RM4.80b |
| Total liabilities | RM4.14b |
| Total assets | RM8.93b |
Recent financial health updates
Eco World Development Group Berhad (KLSE:ECOWLD) Seems To Use Debt Quite Sensibly
Jun 12
Does Eco World Development Group Berhad (KLSE:ECOWLD) Have A Healthy Balance Sheet?
Dec 01These 4 Measures Indicate That Eco World Development Group Berhad (KLSE:ECOWLD) Is Using Debt Extensively
Dec 31Recent updates
Statutory Profit Doesn't Reflect How Good Eco World Development Group Berhad's (KLSE:ECOWLD) Earnings Are
Dec 22At RM1.09, Is Eco World Development Group Berhad (KLSE:ECOWLD) Worth Looking At Closely?
Sep 20Eco World Development Group Berhad (KLSE:ECOWLD) Seems To Use Debt Quite Sensibly
Jun 12Eco World Development Group Berhad's (KLSE:ECOWLD) Soft Earnings Don't Show The Whole Picture
Dec 23Eco World Development Group Berhad Just Missed Earnings - But Analysts Have Updated Their Models
Dec 20Does Eco World Development Group Berhad (KLSE:ECOWLD) Have A Healthy Balance Sheet?
Dec 01These 4 Measures Indicate That Eco World Development Group Berhad (KLSE:ECOWLD) Is Using Debt Extensively
Dec 31Financial Position Analysis
Short Term Liabilities: ECOWLD's short term assets (MYR3.1B) exceed its short term liabilities (MYR2.2B).
Long Term Liabilities: ECOWLD's short term assets (MYR3.1B) exceed its long term liabilities (MYR2.0B).
Debt to Equity History and Analysis
Debt Level: ECOWLD's net debt to equity ratio (40.5%) is considered high.
Reducing Debt: ECOWLD's debt to equity ratio has reduced from 91.2% to 54.3% over the past 5 years.
Debt Coverage: ECOWLD's debt is well covered by operating cash flow (27.4%).
Interest Coverage: ECOWLD's interest payments on its debt are well covered by EBIT (6.1x coverage).