Solid Automotive Berhad Balance Sheet Health
Financial Health criteria checks 6/6
Solid Automotive Berhad has a total shareholder equity of MYR235.6M and total debt of MYR36.1M, which brings its debt-to-equity ratio to 15.3%. Its total assets and total liabilities are MYR328.3M and MYR92.7M respectively. Solid Automotive Berhad's EBIT is MYR39.8M making its interest coverage ratio 44.3. It has cash and short-term investments of MYR102.9M.
Key information
15.3%
Debt to equity ratio
RM 36.14m
Debt
| Interest coverage ratio | 44.3x |
| Cash | RM 102.89m |
| Equity | RM 235.64m |
| Total liabilities | RM 92.66m |
| Total assets | RM 328.29m |
Recent financial health updates
Does Solid Automotive Berhad (KLSE:SOLID) Have A Healthy Balance Sheet?
Aug 02
Here'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 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 23Recent updates
Does Solid Automotive Berhad (KLSE:SOLID) Have A Healthy Balance Sheet?
Aug 02Investors Still Aren't Entirely Convinced By Solid Automotive Berhad's (KLSE:SOLID) Earnings Despite 30% Price Jump
Jul 05Returns On Capital Are Showing Encouraging Signs At Solid Automotive Berhad (KLSE:SOLID)
Jun 10Solid 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 23
Here's Why Solid Automotive Berhad (KLSE:SOLID) Has A Meaningful Debt Burden
Nov 19Financial Position Analysis
Short Term Liabilities: SOLID's short term assets (MYR275.0M) exceed its short term liabilities (MYR85.6M).
Long Term Liabilities: SOLID's short term assets (MYR275.0M) exceed its long term liabilities (MYR7.1M).
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 33.6% to 15.3% over the past 5 years.
Debt Coverage: SOLID's debt is well covered by operating cash flow (82.6%).
Interest Coverage: SOLID's interest payments on its debt are well covered by EBIT (44.3x coverage).