Mi Technovation Berhad Balance Sheet Health
Financial Health criteria checks 5/6
Mi Technovation Berhad has a total shareholder equity of MYR1.0B and total debt of MYR23.9M, which brings its debt-to-equity ratio to 2.3%. Its total assets and total liabilities are MYR1.2B and MYR123.9M respectively. Mi Technovation Berhad's EBIT is MYR104.6M making its interest coverage ratio 70.6. It has cash and short-term investments of MYR256.2M.
Key information
2.3%
Debt to equity ratio
RM 23.88m
Debt
| Interest coverage ratio | 70.6x |
| Cash | RM 256.20m |
| Equity | RM 1.04b |
| Total liabilities | RM 123.88m |
| Total assets | RM 1.16b |
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) Will Pay A Dividend Of MYR0.025
Aug 19Mi Technovation Berhad (KLSE:MI) Shares May Have Slumped 28% But Getting In Cheap Is Still Unlikely
Aug 05Mi 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 (MYR646.3M) exceed its short term liabilities (MYR71.6M).
Long Term Liabilities: MI's short term assets (MYR646.3M) exceed its long term liabilities (MYR52.2M).
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 1.3% to 2.3% over the past 5 years.
Debt Coverage: MI's debt is well covered by operating cash flow (246.9%).
Interest Coverage: MI's interest payments on its debt are well covered by EBIT (70.6x coverage).