Glomac Berhad Balance Sheet Health
Financial Health criteria checks 5/6
Glomac Berhad has a total shareholder equity of MYR1.2B and total debt of MYR404.7M, which brings its debt-to-equity ratio to 33%. Its total assets and total liabilities are MYR1.9B and MYR718.4M respectively. Glomac Berhad's EBIT is MYR51.1M making its interest coverage ratio 2.8. It has cash and short-term investments of MYR297.1M.
Key information
33.0%
Debt to equity ratio
RM404.71m
Debt
| Interest coverage ratio | 2.8x |
| Cash | RM297.05m |
| Equity | RM1.23b |
| Total liabilities | RM718.37m |
| Total assets | RM1.94b |
Recent financial health updates
Does Glomac Berhad (KLSE:GLOMAC) Have A Healthy Balance Sheet?
Aug 16
Glomac Berhad (KLSE:GLOMAC) Has A Somewhat Strained Balance Sheet
May 25Is Glomac Berhad (KLSE:GLOMAC) Using Too Much Debt?
Feb 24Glomac Berhad (KLSE:GLOMAC) Has A Somewhat Strained Balance Sheet
Nov 26
Recent updates
There May Be Some Bright Spots In Glomac Berhad's (KLSE:GLOMAC) Earnings
Apr 02Glomac Berhad (KLSE:GLOMAC) Is Reducing Its Dividend To MYR0.0125
Dec 12Time To Worry? Analysts Are Downgrading Their Glomac Berhad (KLSE:GLOMAC) Outlook
Dec 03Glomac Berhad (KLSE:GLOMAC) Is Paying Out Less In Dividends Than Last Year
Sep 01Glomac Berhad's (KLSE:GLOMAC) Dividend Is Being Reduced To MYR0.0125
Aug 18Does Glomac Berhad (KLSE:GLOMAC) Have A Healthy Balance Sheet?
Aug 16Bullish: Analysts Just Made A Significant Upgrade To Their Glomac Berhad (KLSE:GLOMAC) Forecasts
Jun 26Glomac Berhad (KLSE:GLOMAC) Has Announced That It Will Be Increasing Its Dividend To MYR0.015
Oct 20Glomac Berhad (KLSE:GLOMAC) Is Increasing Its Dividend To MYR0.015
Sep 02Glomac Berhad (KLSE:GLOMAC) Will Pay A Larger Dividend Than Last Year At MYR0.015
Aug 19Glomac Berhad (KLSE:GLOMAC) Has A Somewhat Strained Balance Sheet
May 25Is Glomac Berhad (KLSE:GLOMAC) Using Too Much Debt?
Feb 24Glomac Berhad (KLSE:GLOMAC) Share Prices Have Dropped 59% In The Last Five Years
Jan 17Does Glomac Berhad's (KLSE:GLOMAC) Statutory Profit Adequately Reflect Its Underlying Profit?
Dec 22Glomac Berhad (KLSE:GLOMAC) Has A Somewhat Strained Balance Sheet
Nov 26Financial Position Analysis
Short Term Liabilities: GLOMAC's short term assets (MYR711.1M) exceed its short term liabilities (MYR575.2M).
Long Term Liabilities: GLOMAC's short term assets (MYR711.1M) exceed its long term liabilities (MYR143.2M).
Debt to Equity History and Analysis
Debt Level: GLOMAC's net debt to equity ratio (8.8%) is considered satisfactory.
Reducing Debt: GLOMAC's debt to equity ratio has reduced from 44.9% to 33% over the past 5 years.
Debt Coverage: GLOMAC's debt is well covered by operating cash flow (41.3%).
Interest Coverage: GLOMAC's interest payments on its debt are not well covered by EBIT (2.8x coverage).