Solid Automotive Berhad Balance Sheet Health
Financial Health criteria checks 6/6
Solid Automotive Berhad has a total shareholder equity of MYR233.3M and total debt of MYR43.8M, which brings its debt-to-equity ratio to 18.8%. Its total assets and total liabilities are MYR329.4M and MYR96.1M respectively. Solid Automotive Berhad's EBIT is MYR41.0M making its interest coverage ratio 27.3. It has cash and short-term investments of MYR100.2M.
Key information
18.8%
Debt to equity ratio
RM 43.82m
Debt
| Interest coverage ratio | 27.3x |
| Cash | RM 100.17m |
| Equity | RM 233.33m |
| Total liabilities | RM 96.08m |
| Total assets | RM 329.41m |
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
There May Be Underlying Issues With The Quality Of Solid Automotive Berhad's (KLSE:SOLID) Earnings
Dec 26Does 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 (MYR276.7M) exceed its short term liabilities (MYR89.3M).
Long Term Liabilities: SOLID's short term assets (MYR276.7M) exceed its long term liabilities (MYR6.8M).
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 31.4% to 18.8% over the past 5 years.
Debt Coverage: SOLID's debt is well covered by operating cash flow (40.9%).
Interest Coverage: SOLID's interest payments on its debt are well covered by EBIT (27.3x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/31 18:36 |
| End of Day Share Price | 2024/12/31 00:00 |
| Earnings | 2024/10/31 |
| Annual Earnings | 2024/04/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Solid Automotive Berhad is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Yoon Lai | Inter-Pacific Research Sdn Bhd |
| James Ratnam | TA Securities Holdings Berhad |