SkyWorld Development Berhad Balance Sheet Health
Financial Health criteria checks 4/6
SkyWorld Development Berhad has a total shareholder equity of MYR851.8M and total debt of MYR464.1M, which brings its debt-to-equity ratio to 54.5%. Its total assets and total liabilities are MYR1.5B and MYR685.3M respectively. SkyWorld Development Berhad's EBIT is MYR114.1M making its interest coverage ratio 13.4. It has cash and short-term investments of MYR437.3M.
Key information
54.5%
Debt to equity ratio
RM 464.15m
Debt
| Interest coverage ratio | 13.4x |
| Cash | RM 437.25m |
| Equity | RM 851.83m |
| Total liabilities | RM 685.34m |
| Total assets | RM 1.54b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: SKYWLD's short term assets (MYR867.8M) exceed its short term liabilities (MYR440.0M).
Long Term Liabilities: SKYWLD's short term assets (MYR867.8M) exceed its long term liabilities (MYR245.4M).
Debt to Equity History and Analysis
Debt Level: SKYWLD's net debt to equity ratio (3.2%) 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 debt is not well covered by operating cash flow (12.6%).
Interest Coverage: SKYWLD's interest payments on its debt are well covered by EBIT (13.4x coverage).