Gromutual Berhad Balance Sheet Health
Financial Health criteria checks 6/6
Gromutual Berhad has a total shareholder equity of MYR394.2M and total debt of MYR70.2M, which brings its debt-to-equity ratio to 17.8%. Its total assets and total liabilities are MYR494.1M and MYR99.9M respectively. Gromutual Berhad's EBIT is MYR23.3M making its interest coverage ratio 28.9. It has cash and short-term investments of MYR61.1M.
Key information
17.8%
Debt to equity ratio
RM70.16m
Debt
| Interest coverage ratio | 28.9x |
| Cash | RM61.15m |
| Equity | RM394.21m |
| Total liabilities | RM99.93m |
| Total assets | RM494.14m |
Recent financial health updates
Gromutual Berhad (KLSE:GMUTUAL) Has A Rock Solid Balance Sheet
Jan 25
Is Gromutual Berhad (KLSE:GMUTUAL) A Risky Investment?
Apr 25These 4 Measures Indicate That Gromutual Berhad (KLSE:GMUTUAL) Is Using Debt Reasonably Well
Dec 29Gromutual Berhad (KLSE:GMUTUAL) Seems To Use Debt Quite Sensibly
Jun 06We Think Gromutual Berhad (KLSE:GMUTUAL) Can Stay On Top Of Its Debt
Mar 07Gromutual Berhad (KLSE:GMUTUAL) Has A Somewhat Strained Balance Sheet
Dec 07
Recent updates
Is Now The Time To Put Gromutual Berhad (KLSE:GMUTUAL) On Your Watchlist?
Mar 02Gromutual Berhad (KLSE:GMUTUAL) Has A Rock Solid Balance Sheet
Jan 25Gromutual Berhad's (KLSE:GMUTUAL) Upcoming Dividend Will Be Larger Than Last Year's
Sep 06Gromutual Berhad (KLSE:GMUTUAL) Is Increasing Its Dividend To MYR0.01
Aug 23Is Gromutual Berhad (KLSE:GMUTUAL) A Risky Investment?
Apr 25These 4 Measures Indicate That Gromutual Berhad (KLSE:GMUTUAL) Is Using Debt Reasonably Well
Dec 29Gromutual Berhad (KLSE:GMUTUAL) Seems To Use Debt Quite Sensibly
Jun 06We Think Gromutual Berhad (KLSE:GMUTUAL) Can Stay On Top Of Its Debt
Mar 07Gromutual Berhad (KLSE:GMUTUAL) Has A Somewhat Strained Balance Sheet
Dec 07Financial Position Analysis
Short Term Liabilities: GMUTUAL's short term assets (MYR173.4M) exceed its short term liabilities (MYR57.7M).
Long Term Liabilities: GMUTUAL's short term assets (MYR173.4M) exceed its long term liabilities (MYR42.2M).
Debt to Equity History and Analysis
Debt Level: GMUTUAL's net debt to equity ratio (2.3%) is considered satisfactory.
Reducing Debt: GMUTUAL's debt to equity ratio has reduced from 19.8% to 17.8% over the past 5 years.
Debt Coverage: GMUTUAL's debt is well covered by operating cash flow (38.9%).
Interest Coverage: GMUTUAL's interest payments on its debt are well covered by EBIT (28.9x coverage).