SkyWorld Development Berhad Balance Sheet Health
Financial Health criteria checks 5/6
SkyWorld Development Berhad has a total shareholder equity of MYR841.3M and total debt of MYR497.8M, which brings its debt-to-equity ratio to 59.2%. Its total assets and total liabilities are MYR1.6B and MYR709.0M respectively. SkyWorld Development Berhad's EBIT is MYR122.0M making its interest coverage ratio 13.4. It has cash and short-term investments of MYR515.3M.
Key information
59.2%
Debt to equity ratio
RM 497.84m
Debt
| Interest coverage ratio | 13.4x |
| Cash | RM 515.28m |
| Equity | RM 841.35m |
| Total liabilities | RM 708.99m |
| Total assets | RM 1.55b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: SKYWLD's short term assets (MYR891.6M) exceed its short term liabilities (MYR446.0M).
Long Term Liabilities: SKYWLD's short term assets (MYR891.6M) exceed its long term liabilities (MYR263.0M).
Debt to Equity History and Analysis
Debt Level: SKYWLD has more cash than its total debt.
Reducing Debt: Insufficient data to determine if SKYWLD's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: SKYWLD's debt is well covered by operating cash flow (40.9%).
Interest Coverage: SKYWLD's interest payments on its debt are well covered by EBIT (13.4x coverage).