ICT Zone Asia Berhad Balance Sheet Health
Financial Health criteria checks 2/6
ICT Zone Asia Berhad has a total shareholder equity of MYR65.8M and total debt of MYR97.8M, which brings its debt-to-equity ratio to 148.7%. Its total assets and total liabilities are MYR212.8M and MYR147.0M respectively. ICT Zone Asia Berhad's EBIT is MYR18.9M making its interest coverage ratio 3.5. It has cash and short-term investments of MYR14.1M.
Key information
148.7%
Debt to equity ratio
RM 97.79m
Debt
| Interest coverage ratio | 3.5x |
| Cash | RM 14.06m |
| Equity | RM 65.78m |
| Total liabilities | RM 146.99m |
| Total assets | RM 212.76m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: ICTZONE's short term assets (MYR42.6M) do not cover its short term liabilities (MYR55.2M).
Long Term Liabilities: ICTZONE's short term assets (MYR42.6M) do not cover its long term liabilities (MYR91.7M).
Debt to Equity History and Analysis
Debt Level: ICTZONE's net debt to equity ratio (127.3%) is considered high.
Reducing Debt: ICTZONE's debt to equity ratio has increased from 136.7% to 148.7% over the past 5 years.
Debt Coverage: ICTZONE's debt is well covered by operating cash flow (47.3%).
Interest Coverage: ICTZONE's interest payments on its debt are well covered by EBIT (3.5x coverage).