Rapid Synergy Berhad Balance Sheet Health
Financial Health criteria checks 2/6
Rapid Synergy Berhad has a total shareholder equity of MYR167.5M and total debt of MYR113.8M, which brings its debt-to-equity ratio to 67.9%. Its total assets and total liabilities are MYR364.6M and MYR197.2M respectively. Rapid Synergy Berhad's EBIT is MYR3.7M making its interest coverage ratio 0.4. It has cash and short-term investments of MYR4.5M.
Key information
67.9%
Debt to equity ratio
RM 113.80m
Debt
| Interest coverage ratio | 0.4x |
| Cash | RM 4.50m |
| Equity | RM 167.47m |
| Total liabilities | RM 197.16m |
| Total assets | RM 364.63m |
Recent financial health updates
Is Rapid Synergy Berhad (KLSE:RAPID) Using Too Much Debt?
Nov 16
Is Rapid Synergy Berhad (KLSE:RAPID) A Risky Investment?
May 23These 4 Measures Indicate That Rapid Synergy Berhad (KLSE:RAPID) Is Using Debt Extensively
Mar 23Rapid Synergy Berhad (KLSE:RAPID) Has A Pretty Healthy Balance Sheet
Nov 17
Recent updates
Calculating The Fair Value Of Rapid Synergy Berhad (KLSE:RAPID)
Aug 06Rapid Synergy Berhad's (KLSE:RAPID) Popularity With Investors Under Threat As Stock Sinks 44%
Mar 07Is Rapid Synergy Berhad (KLSE:RAPID) Using Too Much Debt?
Nov 16Is Rapid Synergy Berhad (KLSE:RAPID) A Risky Investment?
May 23Here's Why I Think Rapid Synergy Berhad (KLSE:RAPID) Might Deserve Your Attention Today
Jun 01These 4 Measures Indicate That Rapid Synergy Berhad (KLSE:RAPID) Is Using Debt Extensively
Mar 23Do Rapid Synergy Berhad's (KLSE:RAPID) Earnings Warrant Your Attention?
Mar 01Here's What Rapid Synergy Berhad's (KLSE:RAPID) Shareholder Ownership Structure Looks Like
Feb 09Should You Be Worried About Rapid Synergy Berhad's (KLSE:RAPID) 1.5% Return On Equity?
Jan 11Can You Imagine How Rapid Synergy Berhad's (KLSE:RAPID) Shareholders Feel About The 15% Share Price Increase?
Dec 14Rapid Synergy Berhad (KLSE:RAPID) Has A Pretty Healthy Balance Sheet
Nov 17Financial Position Analysis
Short Term Liabilities: RAPID's short term assets (MYR92.3M) do not cover its short term liabilities (MYR131.6M).
Long Term Liabilities: RAPID's short term assets (MYR92.3M) exceed its long term liabilities (MYR65.6M).
Debt to Equity History and Analysis
Debt Level: RAPID's net debt to equity ratio (65.3%) is considered high.
Reducing Debt: RAPID's debt to equity ratio has reduced from 102.3% to 67.9% over the past 5 years.
Debt Coverage: RAPID's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: RAPID's interest payments on its debt are not well covered by EBIT (0.4x coverage).