Skygate Solutions Berhad Balance Sheet Health
Financial Health criteria checks 5/6
Skygate Solutions Berhad has a total shareholder equity of MYR248.0M and total debt of MYR45.3M, which brings its debt-to-equity ratio to 18.3%. Its total assets and total liabilities are MYR344.0M and MYR96.0M respectively. Skygate Solutions Berhad's EBIT is MYR1.6M making its interest coverage ratio -1.5. It has cash and short-term investments of MYR59.1M.
Key information
18.3%
Debt to equity ratio
RM 45.31m
Debt
Interest coverage ratio | -1.5x |
Cash | RM 59.14m |
Equity | RM 248.02m |
Total liabilities | RM 95.96m |
Total assets | RM 343.98m |
Recent financial health updates
Is Ewein Berhad (KLSE:EWEIN) Using Too Much Debt?
Apr 26We Think Ewein Berhad (KLSE:EWEIN) Can Stay On Top Of Its Debt
Jun 19We Think Ewein Berhad (KLSE:EWEIN) Can Stay On Top Of Its Debt
Mar 08We Think Ewein Berhad (KLSE:EWEIN) Can Stay On Top Of Its Debt
Nov 17Is Ewein Berhad (KLSE:EWEIN) A Risky Investment?
Apr 21These 4 Measures Indicate That Ewein Berhad (KLSE:EWEIN) Is Using Debt Reasonably Well
Sep 13Recent updates
Is Ewein Berhad (KLSE:EWEIN) Using Too Much Debt?
Apr 26Estimating The Intrinsic Value Of Ewein Berhad (KLSE:EWEIN)
Mar 01We Think Ewein Berhad (KLSE:EWEIN) Can Stay On Top Of Its Debt
Jun 19We Think Ewein Berhad (KLSE:EWEIN) Can Stay On Top Of Its Debt
Mar 08We Think Ewein Berhad (KLSE:EWEIN) Can Stay On Top Of Its Debt
Nov 17Is Ewein Berhad (KLSE:EWEIN) A Risky Investment?
Apr 21These 4 Measures Indicate That Ewein Berhad (KLSE:EWEIN) Is Using Debt Reasonably Well
Sep 13These 4 Measures Indicate That Ewein Berhad (KLSE:EWEIN) Is Using Debt Reasonably Well
May 02Ewein Berhad's (KLSE:EWEIN) Conservative Accounting Might Explain Soft Earnings
Mar 04Ewein Berhad (KLSE:EWEIN) Has A Somewhat Strained Balance Sheet
Jan 31A Look At The Fair Value Of Ewein Berhad (KLSE:EWEIN)
Dec 12Financial Position Analysis
Short Term Liabilities: SKYGATE's short term assets (MYR168.5M) exceed its short term liabilities (MYR50.0M).
Long Term Liabilities: SKYGATE's short term assets (MYR168.5M) exceed its long term liabilities (MYR45.9M).
Debt to Equity History and Analysis
Debt Level: SKYGATE has more cash than its total debt.
Reducing Debt: SKYGATE's debt to equity ratio has reduced from 27.6% to 18.3% over the past 5 years.
Debt Coverage: SKYGATE's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: SKYGATE earns more interest than it pays, so coverage of interest payments is not a concern.