RedPlanet Berhad Balance Sheet Health
Financial Health criteria checks 5/6
RedPlanet Berhad has a total shareholder equity of MYR24.1M and total debt of MYR7.8M, which brings its debt-to-equity ratio to 32.5%. Its total assets and total liabilities are MYR46.5M and MYR22.3M respectively. RedPlanet Berhad's EBIT is MYR4.6M making its interest coverage ratio 154. It has cash and short-term investments of MYR17.2M.
Key information
32.5%
Debt to equity ratio
RM7.85m
Debt
| Interest coverage ratio | 154x |
| Cash | RM17.17m |
| Equity | RM24.14m |
| Total liabilities | RM22.31m |
| Total assets | RM46.45m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RPLANET's short term assets (MYR25.9M) exceed its short term liabilities (MYR14.6M).
Long Term Liabilities: RPLANET's short term assets (MYR25.9M) exceed its long term liabilities (MYR7.8M).
Debt to Equity History and Analysis
Debt Level: RPLANET has more cash than its total debt.
Reducing Debt: RPLANET's debt to equity ratio has increased from 0% to 32.5% over the past 5 years.
Debt Coverage: RPLANET's debt is well covered by operating cash flow (62%).
Interest Coverage: RPLANET's interest payments on its debt are well covered by EBIT (154x coverage).