Gromutual Berhad Balance Sheet Health
Financial Health criteria checks 4/6
Gromutual Berhad has a total shareholder equity of MYR396.8M and total debt of MYR83.2M, which brings its debt-to-equity ratio to 21%. Its total assets and total liabilities are MYR511.2M and MYR114.4M respectively. Gromutual Berhad's EBIT is MYR15.2M making its interest coverage ratio 15.4. It has cash and short-term investments of MYR52.5M.
Key information
21.0%
Debt to equity ratio
RM 83.20m
Debt
| Interest coverage ratio | 15.4x |
| Cash | RM 52.46m |
| Equity | RM 396.81m |
| Total liabilities | RM 114.42m |
| Total assets | RM 511.24m |
Recent financial health updates
Gromutual Berhad (KLSE:GMUTUAL) Takes On Some Risk With Its Use Of Debt
Nov 11
Gromutual Berhad (KLSE:GMUTUAL) Has A Rock Solid Balance Sheet
Jan 25Is 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 07Recent updates
Gromutual Berhad (KLSE:GMUTUAL) Takes On Some Risk With Its Use Of Debt
Nov 11Is 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 07
Financial Position Analysis
Short Term Liabilities: GMUTUAL's short term assets (MYR204.5M) exceed its short term liabilities (MYR74.8M).
Long Term Liabilities: GMUTUAL's short term assets (MYR204.5M) exceed its long term liabilities (MYR39.6M).
Debt to Equity History and Analysis
Debt Level: GMUTUAL's net debt to equity ratio (7.7%) is considered satisfactory.
Reducing Debt: GMUTUAL's debt to equity ratio has increased from 18.7% to 21% over the past 5 years.
Debt Coverage: GMUTUAL's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: GMUTUAL's interest payments on its debt are well covered by EBIT (15.4x coverage).