Ivory Properties Group Berhad Balance Sheet Health
Financial Health criteria checks 3/6
Ivory Properties Group Berhad has a total shareholder equity of MYR37.9M and total debt of MYR83.1M, which brings its debt-to-equity ratio to 219.3%. Its total assets and total liabilities are MYR339.1M and MYR301.2M respectively.
Key information
219.3%
Debt to equity ratio
RM 83.11m
Debt
| Interest coverage ratio | n/a |
| Cash | RM 8.39m |
| Equity | RM 37.89m |
| Total liabilities | RM 301.20m |
| Total assets | RM 339.09m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: IVORY's short term assets (MYR143.2M) do not cover its short term liabilities (MYR284.5M).
Long Term Liabilities: IVORY's short term assets (MYR143.2M) exceed its long term liabilities (MYR16.7M).
Debt to Equity History and Analysis
Debt Level: IVORY's net debt to equity ratio (197.2%) is considered high.
Reducing Debt: IVORY's debt to equity ratio has increased from 30.4% to 219.3% 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 42.2% per year.