ICT Zone Asia Berhad Balance Sheet Health
Financial Health criteria checks 3/6
ICT Zone Asia Berhad has a total shareholder equity of MYR61.2M and total debt of MYR84.5M, which brings its debt-to-equity ratio to 138.1%. Its total assets and total liabilities are MYR191.6M and MYR130.4M respectively. ICT Zone Asia Berhad's EBIT is MYR12.7M making its interest coverage ratio 3.4. It has cash and short-term investments of MYR9.9M.
Key information
138.1%
Debt to equity ratio
RM84.50m
Debt
Interest coverage ratio | 3.4x |
Cash | RM9.88m |
Equity | RM61.20m |
Total liabilities | RM130.41m |
Total assets | RM191.61m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: ICTZONE's short term assets (MYR45.0M) do not cover its short term liabilities (MYR58.7M).
Long Term Liabilities: ICTZONE's short term assets (MYR45.0M) do not cover its long term liabilities (MYR71.7M).
Debt to Equity History and Analysis
Debt Level: ICTZONE's net debt to equity ratio (121.9%) is considered high.
Reducing Debt: ICTZONE's debt to equity ratio has reduced from 212.2% to 138.1% over the past 5 years.
Debt Coverage: ICTZONE's debt is well covered by operating cash flow (51.1%).
Interest Coverage: ICTZONE's interest payments on its debt are well covered by EBIT (3.4x coverage).