Rapid Synergy Berhad Balance Sheet Health
Financial Health criteria checks 1/6
Rapid Synergy Berhad has a total shareholder equity of MYR160.4M and total debt of MYR152.2M, which brings its debt-to-equity ratio to 94.8%. Its total assets and total liabilities are MYR334.9M and MYR174.5M respectively. Rapid Synergy Berhad's EBIT is MYR10.6M making its interest coverage ratio 1.2. It has cash and short-term investments of MYR8.2M.
Key information
94.8%
Debt to equity ratio
RM152.15m
Debt
| Interest coverage ratio | 1.2x |
| Cash | RM8.16m |
| Equity | RM160.44m |
| Total liabilities | RM174.48m |
| Total assets | RM334.93m |
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
Rapid 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 (MYR28.6M) do not cover its short term liabilities (MYR77.2M).
Long Term Liabilities: RAPID's short term assets (MYR28.6M) do not cover its long term liabilities (MYR97.3M).
Debt to Equity History and Analysis
Debt Level: RAPID's net debt to equity ratio (89.7%) is considered high.
Reducing Debt: RAPID's debt to equity ratio has reduced from 106.2% to 94.8% over the past 5 years.
Debt Coverage: RAPID's debt is not well covered by operating cash flow (8.7%).
Interest Coverage: RAPID's interest payments on its debt are not well covered by EBIT (1.2x coverage).