Edelteq Holdings Berhad Balance Sheet Health
Financial Health criteria checks 5/6
Edelteq Holdings Berhad has a total shareholder equity of MYR46.0M and total debt of MYR2.8M, which brings its debt-to-equity ratio to 6%. Its total assets and total liabilities are MYR56.1M and MYR10.1M respectively. Edelteq Holdings Berhad's EBIT is MYR7.1M making its interest coverage ratio -21.8. It has cash and short-term investments of MYR28.9M.
Key information
6.0%
Debt to equity ratio
RM2.76m
Debt
Interest coverage ratio | -21.8x |
Cash | RM28.90m |
Equity | RM46.02m |
Total liabilities | RM10.05m |
Total assets | RM56.07m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: EDELTEQ's short term assets (MYR37.0M) exceed its short term liabilities (MYR6.7M).
Long Term Liabilities: EDELTEQ's short term assets (MYR37.0M) exceed its long term liabilities (MYR3.3M).
Debt to Equity History and Analysis
Debt Level: EDELTEQ has more cash than its total debt.
Reducing Debt: Insufficient data to determine if EDELTEQ's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: EDELTEQ's debt is well covered by operating cash flow (307.3%).
Interest Coverage: EDELTEQ earns more interest than it pays, so coverage of interest payments is not a concern.