Ivory Properties Group Berhad Balance Sheet Health
Financial Health criteria checks 3/6
Ivory Properties Group Berhad has a total shareholder equity of MYR71.8M and total debt of MYR58.0M, which brings its debt-to-equity ratio to 80.8%. Its total assets and total liabilities are MYR240.7M and MYR168.9M respectively. Ivory Properties Group Berhad's EBIT is MYR36.0M making its interest coverage ratio 12.4. It has cash and short-term investments of MYR6.1M.
Key information
80.79%
Debt to equity ratio
RM 58.01m
Debt
| Interest coverage ratio | 12.4x |
| Cash | RM 6.07m |
| Equity | RM 71.80m |
| Total liabilities | RM 168.89m |
| Total assets | RM 240.70m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: IVORY's short term assets (MYR80.6M) do not cover its short term liabilities (MYR161.0M).
Long Term Liabilities: IVORY's short term assets (MYR80.6M) exceed its long term liabilities (MYR7.9M).
Debt to Equity History and Analysis
Debt Level: IVORY's net debt to equity ratio (72.3%) is considered high.
Reducing Debt: IVORY's debt to equity ratio has increased from 21.3% to 80.8% 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 58.8% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/05/24 20:49 |
| End of Day Share Price | 2025/05/23 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Ivory Properties Group Berhad is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Chin Ng | RHB Investment Bank |
| Kam Tan | TA Securities Holdings Berhad |