SkyWorld Development Berhad Balance Sheet Health
Financial Health criteria checks 4/6
SkyWorld Development Berhad has a total shareholder equity of MYR821.9M and total debt of MYR486.4M, which brings its debt-to-equity ratio to 59.2%. Its total assets and total liabilities are MYR1.6B and MYR754.7M respectively. SkyWorld Development Berhad's EBIT is MYR206.7M making its interest coverage ratio 14.7. It has cash and short-term investments of MYR423.0M.
Key information
59.2%
Debt to equity ratio
RM486.41m
Debt
Interest coverage ratio | 14.7x |
Cash | RM423.04m |
Equity | RM821.93m |
Total liabilities | RM754.67m |
Total assets | RM1.58b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SKYWLD's short term assets (MYR948.8M) exceed its short term liabilities (MYR434.2M).
Long Term Liabilities: SKYWLD's short term assets (MYR948.8M) exceed its long term liabilities (MYR320.4M).
Debt to Equity History and Analysis
Debt Level: SKYWLD's net debt to equity ratio (7.7%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if SKYWLD's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: SKYWLD's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: SKYWLD's interest payments on its debt are well covered by EBIT (14.7x coverage).