Solid Automotive Berhad Balance Sheet Health
Financial Health criteria checks 6/6
Solid Automotive Berhad has a total shareholder equity of MYR200.2M and total debt of MYR44.5M, which brings its debt-to-equity ratio to 22.3%. Its total assets and total liabilities are MYR300.5M and MYR100.4M respectively. Solid Automotive Berhad's EBIT is MYR11.1M making its interest coverage ratio 3.9. It has cash and short-term investments of MYR56.4M.
Key information
22.3%
Debt to equity ratio
RM44.55m
Debt
| Interest coverage ratio | 3.9x |
| Cash | RM56.42m |
| Equity | RM200.17m |
| Total liabilities | RM100.36m |
| Total assets | RM300.53m |
Recent financial health updates
Here's Why Solid Automotive Berhad (KLSE:SOLID) Can Manage Its Debt Responsibly
Dec 13
Solid Automotive Berhad (KLSE:SOLID) Has A Rock Solid Balance Sheet
Jun 28Solid Automotive Berhad (KLSE:SOLID) Could Easily Take On More Debt
Dec 14These 4 Measures Indicate That Solid Automotive Berhad (KLSE:SOLID) Is Using Debt Reasonably Well
Jun 24Here's Why Solid Automotive Berhad (KLSE:SOLID) Has A Meaningful Debt Burden
Mar 23Here's Why Solid Automotive Berhad (KLSE:SOLID) Has A Meaningful Debt Burden
Nov 19
Recent updates
Solid Automotive Berhad's (KLSE:SOLID) Conservative Accounting Might Explain Soft Earnings
Apr 05Here's Why Solid Automotive Berhad (KLSE:SOLID) Can Manage Its Debt Responsibly
Dec 13Solid Automotive Berhad (KLSE:SOLID) Has A Rock Solid Balance Sheet
Jun 28Solid Automotive Berhad (KLSE:SOLID) Could Easily Take On More Debt
Dec 14Solid Automotive Berhad's (KLSE:SOLID) Solid Profits Have Weak Fundamentals
Aug 05These 4 Measures Indicate That Solid Automotive Berhad (KLSE:SOLID) Is Using Debt Reasonably Well
Jun 24Be Wary Of Solid Automotive Berhad (KLSE:SOLID) And Its Returns On Capital
May 12Here's Why Solid Automotive Berhad (KLSE:SOLID) Has A Meaningful Debt Burden
Mar 23We're Watching These Trends At Solid Automotive Berhad (KLSE:SOLID)
Jan 28Here's What We Think About Solid Automotive Berhad's (KLSE:SOLID) CEO Pay
Dec 23Here's Why Solid Automotive Berhad (KLSE:SOLID) Has A Meaningful Debt Burden
Nov 19Financial Position Analysis
Short Term Liabilities: SOLID's short term assets (MYR242.1M) exceed its short term liabilities (MYR92.8M).
Long Term Liabilities: SOLID's short term assets (MYR242.1M) exceed its long term liabilities (MYR7.6M).
Debt to Equity History and Analysis
Debt Level: SOLID has more cash than its total debt.
Reducing Debt: SOLID's debt to equity ratio has reduced from 35.2% to 22.3% over the past 5 years.
Debt Coverage: SOLID's debt is well covered by operating cash flow (89.1%).
Interest Coverage: SOLID's interest payments on its debt are well covered by EBIT (3.9x coverage).