Mi Technovation Berhad Balance Sheet Health
Financial Health criteria checks 5/6
Mi Technovation Berhad has a total shareholder equity of MYR1.1B and total debt of MYR36.4M, which brings its debt-to-equity ratio to 3.4%. Its total assets and total liabilities are MYR1.2B and MYR147.0M respectively. Mi Technovation Berhad's EBIT is MYR40.3M making its interest coverage ratio 22.6. It has cash and short-term investments of MYR422.7M.
Key information
3.4%
Debt to equity ratio
RM36.35m
Debt
| Interest coverage ratio | 22.6x |
| Cash | RM422.73m |
| Equity | RM1.07b |
| Total liabilities | RM147.00m |
| Total assets | RM1.22b |
Recent financial health updates
Does Mi Technovation Berhad (KLSE:MI) Have A Healthy Balance Sheet?
Nov 27
Is Mi Technovation Berhad (KLSE:MI) Using Too Much Debt?
May 06Is Mi Technovation Berhad (KLSE:MI) Using Too Much Debt?
Jan 13Recent updates
Mi Technovation Berhad (KLSE:MI) Is Due To Pay A Dividend Of MYR0.02
Feb 26At RM1.55, Is Mi Technovation Berhad (KLSE:MI) Worth Looking At Closely?
Jul 13Mi Technovation Berhad (KLSE:MI) Is Reinvesting At Lower Rates Of Return
Jun 15Capital Allocation Trends At Mi Technovation Berhad (KLSE:MI) Aren't Ideal
Feb 07Is Now The Time To Look At Buying Mi Technovation Berhad (KLSE:MI)?
Sep 09A Look At The Intrinsic Value Of Mi Technovation Berhad (KLSE:MI)
Jul 22With EPS Growth And More, Mi Technovation Berhad (KLSE:MI) Is Interesting
Jun 13Investors Could Be Concerned With Mi Technovation Berhad's (KLSE:MI) Returns On Capital
May 13Does Mi Technovation Berhad (KLSE:MI) Have A Healthy Balance Sheet?
Nov 27What Is Mi Technovation Berhad's (KLSE:MI) Share Price Doing?
Jun 01Is Mi Technovation Berhad (KLSE:MI) Using Too Much Debt?
May 06Be Wary Of Mi Technovation Berhad (KLSE:MI) And Its Returns On Capital
Apr 18Are Dividend Investors Making A Mistake With Mi Technovation Berhad (KLSE:MI)?
Mar 22Is Mi Technovation Berhad (KLSE:MI) Trading At A 28% Discount?
Mar 09Is Mi Technovation Berhad (KLSE:MI) Potentially Undervalued?
Feb 24Can You Imagine How Jubilant Mi Technovation Berhad's (KLSE:MI) Shareholders Feel About Its 144% Share Price Gain?
Feb 11
Is Mi Technovation Berhad's (KLSE:MI) Shareholder Ownership Skewed Towards Insiders?
Jan 28Is Mi Technovation Berhad (KLSE:MI) Using Too Much Debt?
Jan 13What Do The Returns On Capital At Mi Technovation Berhad (KLSE:MI) Tell Us?
Jan 02Mi Technovation Berhad's (KLSE:MI) Stock's On An Uptrend: Are Strong Financials Guiding The Market?
Dec 22Is Mi Technovation Berhad's (KLSE:MI) 0.9% Dividend Sustainable?
Dec 09Should You Rely On Mi Technovation Berhad's (KLSE:MI) Earnings Growth?
Nov 27Financial Position Analysis
Short Term Liabilities: MI's short term assets (MYR700.8M) exceed its short term liabilities (MYR98.0M).
Long Term Liabilities: MI's short term assets (MYR700.8M) exceed its long term liabilities (MYR49.0M).
Debt to Equity History and Analysis
Debt Level: MI has more cash than its total debt.
Reducing Debt: MI's debt to equity ratio has increased from 2% to 3.4% over the past 5 years.
Debt Coverage: MI's debt is well covered by operating cash flow (214.8%).
Interest Coverage: MI's interest payments on its debt are well covered by EBIT (22.6x coverage).