Solid Automotive Berhad Balance Sheet Health
Financial Health criteria checks 6/6
Solid Automotive Berhad has a total shareholder equity of MYR234.2M and total debt of MYR39.2M, which brings its debt-to-equity ratio to 16.7%. Its total assets and total liabilities are MYR317.5M and MYR83.4M respectively. Solid Automotive Berhad's EBIT is MYR40.9M making its interest coverage ratio 22. It has cash and short-term investments of MYR102.8M.
Key information
16.7%
Debt to equity ratio
RM 39.16m
Debt
| Interest coverage ratio | 22x |
| Cash | RM 102.80m |
| Equity | RM 234.18m |
| Total liabilities | RM 83.36m |
| Total assets | RM 317.55m |
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 (MYR264.2M) exceed its short term liabilities (MYR76.2M).
Long Term Liabilities: SOLID's short term assets (MYR264.2M) 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 32% to 16.7% over the past 5 years.
Debt Coverage: SOLID's debt is well covered by operating cash flow (89.4%).
Interest Coverage: SOLID's interest payments on its debt are well covered by EBIT (22x coverage).