Ivory Properties Group Berhad Balance Sheet Health
Financial Health criteria checks 3/6
Ivory Properties Group Berhad has a total shareholder equity of MYR32.2M and total debt of MYR83.6M, which brings its debt-to-equity ratio to 259.4%. Its total assets and total liabilities are MYR338.4M and MYR306.2M respectively.
Key information
259.4%
Debt to equity ratio
RM 83.56m
Debt
| Interest coverage ratio | n/a |
| Cash | RM 8.24m |
| Equity | RM 32.21m |
| Total liabilities | RM 306.16m |
| Total assets | RM 338.37m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: IVORY's short term assets (MYR143.2M) do not cover its short term liabilities (MYR298.3M).
Long Term Liabilities: IVORY's short term assets (MYR143.2M) exceed its long term liabilities (MYR7.9M).
Debt to Equity History and Analysis
Debt Level: IVORY's net debt to equity ratio (233.8%) is considered high.
Reducing Debt: IVORY's debt to equity ratio has increased from 24% to 259.4% 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 IVORY has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: IVORY is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 50.2% per year.